EFFECT NETWORK ENHANCE ADOPTION OF ARTIFICIAL INTELLIGENCE BY HUMANS
The Artificial intelligence (AI) market, has become so successful over the last few years due to the outstanding impact they have made on humans. AI has influenced our various day to day activities, ranging from developments of self-driving cars and virtual assistants. AI has made tremendous impact on healthcare, education, transportation and many more but AI has not gained the expected adoption it deserves because of some certain factors.
Effect Network has discovered these loop holes and how to fill the gaps. This led them to the development of an open chain decentralized blockchain with powerful applications that will render services which will atone for the previous below performance of previous players in the AI industry.
PROBLEM
AI has not gotten the easy accessibility and mass adoption it deserves due to the fact previous players in the industry has not implemented the right tools and techniques needed to drive the rapid adoption of AI. Ranging from, capital, time, dedication, industrious team behind the project, right algorithm pattern, quality hardware which develops and enable faster and more powerful AI services, method of data collation and application used to augment human skills and capabilities.
These problems have affected the efficiency of the services delivered by AI big players.
SOLUTION
The AI industry is a mutli-billion dollar industry which has a lot of potentials to expand more, couple with the under-performing players in the industry, Effect Network has seen this as an opportunity to correct the few wrongs and some improvements so as to secure their spot as one of the leading player in the AI market in the near future by providing explicit AI services which is built on the right technology and algorithm, thus eliminating the problem of AI having limited use and making it open to the public which will be the needed leap that AI needs to attain massive adoption.
To achieve these, Effect.AI develops an open chain decentralized network called the Effect Network. this network is built on Neo blockchain which is among the fastest growing blockchains.
In order to maximize efficiency, the Effect Network is divided into three phases;
THE EFFECT M-Turk (Phase 1)
The Effect M-Turk is a private peer to peer decentralized marketplace for work that uses crowd sourcing technology and requires Natural Intelligence. It works like Amazon Mechanical Turk, Fiverr, OneSpace and Guru.com. the Effect M-Turk rewards users after completing a task with the EFX which is the Effectf.AI token.
EFFECT SMART MARKET (Phase 2)
The two pillars that holds the Smart Market is the registry Application and the Endpoints. In the Smart Market, a special pool is used to assure liquidity in a decentralized marketplace where algorithms can exchange services.
EFFECT POWER (Phase 3)
More details about this phase will be unveiled as the project progress, but what we know for sure is that rigid structures will be put in place, which will ensure that the decentralized data obtained from the Effect M-Turk and Effect Smart Market phase are operational on centralized servers
MEET THE TEAM
Effect Network project is handled by well experienced individuals in AI production and blockchain technology.
CONCLUSION
AI industry has suffered fluctuations and adoption by human’s due to the depleted services provided by previous big players in the industry, but with the development of the Effect.AI project, AI is set to enjoy sleek services built on a credible technology.
Important Links
http://effect.ai
http://effect.ai/download/effect_whitepaper.pdf
https://steemit.com/@effectai
https://twitter.com/effectaix