EFFECT Network - Platform for AI-based services

EFFECT Network comes up with the futuristic platform that uses Artificial Intelligence technology to serve the users. It is an open platform created to decentralize the AI network that can provide the services to the general public. Anyone who wants to use the AI technology can join the Effect Network community to get the help from the AI expert. The business and individuals can open the project and take the help of the AI expert to complete it. It will allow the AI technology to be widespread in the local community so that everyone will have equal access to the future technology. Currently, the AI technology has the limited access to the people who have money to spend on the project. It is not accessible to the general public. This is what makes the problem in the development of the economy. Only limited people are using the AI for their business due to its expensive nature. The Effect Network aims to take the cost down of development and provide seamless service to the users.

About Artificial Intelligence (AI) technology progress

The Artificial Intelligence (AI) technology is already available in the market with the limited access to the general public. It has made a significant change in the economy. The data which feed by the local users now analyze and operated by the Artificial Intelligence (AI) technology. It is making fast progress in the community. Many businesses are getting involved in developing the advanced Artificial Intelligence (AI) technology that helps them to grow faster in the community. People all around the world are leveraging the benefit of the AI technology to grow faster.

AI applications

There are many AI applications in the market. From smartphones to the autonomous vehicle all are connected through some AI technology. The latest AI development negates the old technology and taking the lead in the economic development. The AI technology has become ubiquitous. Many expert comments the AI technology is going to become a substance of forth industrial revolution of the century. It will raise the global economy and income of the individuals. The quality of life will be improved. We see many positive changes in the development of the human life.

However, the loss of a job is the threat that people are going to experience in the coming day due to the advancement of the AI technology. Many jobs will be taken by the AI technology. The automation will become essential for the industries to the product in the large quantity. AI will be the efficient way to make progress in the market which leads to loss of human jobs and adoption of the AI technology at large scale. The idea was science fiction a few years back, but now the scenarios are completely changed. The Effect network is working on decentralizing the AI system by using the AI algorithms. The blockchain technology will fully power the system, and it will be accessible to all.

Effect Network Progress

The Effect Network has low entry barrier which allows many users to participate in the platform. The first 3 phases of the effect network don't require fees. The system runs smoothly on the NEO blockchain technology. It is fuelled by network NEP-5 token. The growth of this network will define the relationship between the humanity and the AI technology.

Solution Effect.AI

The blockchain technology enables the Effect.AI to decentralized ledger account and connects them directly to the demand and supply chain. It mitigates the major problem of dealing with the contract and makes the system autonomous. It reduces the errors and gives seamless service to the users. The Effect.AI system will have complete transparency which enables the users to collaborate and share the data easily between the agents.

The information will be shared among the users. Everyone will have access to all the information shared on the platform. It is expected that the right amount of information at one place will reduce the cost dramatically. It will make the AI technology affordable for the users over the period. The problem solving will become easy when the people from all around the world work on the same platform and provide the feedback to the users. The Effect.AI directly connect both the parties supply and demand without taking the third person in the consideration. There will be no intermediate person to interact. It will make the collaboration easy and fast.

Here are some of the key features of the Effect.AI that people can leverage after joining the platform.

1. Accessibility: The Effect.AI will linking the supply and demand through micro-tasking platform called Mechanical Turk (EMT). It will make the training AI algorithm easier. The process will become faster and efficient for the developer. The user who does not have access to the large dataset can take the benefit of the shared network to run their AI and test the AI algorithm.

2. Accuracy: The Accuracy is another factor that impacts the sustainability of the technology. The Effect.AI smart market (ESM) is an exchange with a rich ontology of specialist AI applications. The information exchange makes the process faster, and users can use the data sets with higher complexities to train their AI algorithms in the platform.

3. Performance: Users will allow using the existing datasets by purchasing the services from algorithm s on the ESM. They will also have the option to set up new datasets by creating a micro-task on the EMT platforms. The system will allow users to build the dataset quickly and accurately without getting an error. They can immediately use the created dataset to train AI algorithms.

4. Interoperability: The open platform and blockchain technology will make the communication between the users easy. It will truly decentralize AI and achieve interoperability between individuals AIs and others. The combined efforts of the multiple small AI algorithms will make the powerful AI which will be capable of becoming the large AI network, which no other single AI algorithm can achieve on its own.

Token Sale:

The token sale is going to start soon. There will be 650,000,000 tokens will available in the market. Leverage the opportunity of early adoption of the token sale at discounted price.

 Start Date: March 24th (11am CET)

 End Date: 18 days after start date

 Soft Cap: € 4,280,000

 Hard Cap: € 14,820,000

 Bonus: 10% (For the first 2% of tokens)

 Minimum Contribution: € 50

 Maximum Contribution: € 25,000

 Accepted Currencies: NEO, GAS

 Maximum Supply: 650,000,000 tokens

 Token Sale Percentage: 40%

More information on the project (Effect Network) please visit their website listed below:

 WEBSITE: https://www.effect.ai/

 WHITEPAPER: https://www.effect.ai/download/effect_whitepaper.pdf

 ANN THREAD: https://bitcointalk.org/index.php?topic=2737469.0

 TELEGRAM: https://t.me/effectai

 FACEBOOK: https://facebook.com/effectai

 TWITTER: https://twitter.com/effectaix

Author: Dulaj Dilshan

Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1257822

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