Effetc.ai ~Abstract ~

Over the past five years we have seen rapid growth in the number of Artificial
Intelligence (AI) algorithms with practical applications. Smart services, like selfdriving
cars, face- and voice recognition in mobile phones and image translation
are getting a central place in everyday life. This sudden rise can be explained by
advances in machine learning and the ready availability of cloud computing. This
has resulted in large scale adoption by industry and the birth of a billion-dollar smart
application economy.

However, while academic achievements in the AI field are available to the public,
most AI algorithms are developed behind the closed doors of large corporations.
This puts AI at risk of becoming a ‘black box’ that benefits only a select few.
Therefore, Effect.AI proposes the following alternative: a private and decentralized
ecosystem for AI development and AI related services called The Effect Network.
This network will operate fully on smart contracts deployed on the NEO blockchain.
The Effect Network will be deployed in three consecutive phases, allowing adaption
and development of the network to grow together. The phases cover independent
market sections, but are interconnected in the network model, all of them fueled by
the same token, called EFX.

Website - https://effect.ai/
Reddit - https://www.reddit.com/r/effectai/
Github - https://github.com/effectai