EFFECT AI RETAINS THE SUBSTANCE OF MAN USING THE BLOCKCHAIN TECHNOLOGY

Artificial Intelligence is simply described as machine intelligence and it has been applied in various faucet of man’s life in today’s society. In the first decades of the 21st century, access to large amounts of data, faster computers, and advanced machine learning techniques were successfully applied to many problems throughout the economy. By the year 2016, the New York Times reported that Artificial Intelligence market reached an all-time high with related hardware and software products attained more than 8 billion dollars.
Since then, the application of AI has been extended to other fields like education, finance, heavy industry, hospitals and medicine, human resource, media and market and possibly all aspects of life.

But this innovative rise in AI has posed a huge threat to man’s existence and survival. Machines have graduated from performing minor tasks to performing tasks far more advanced and complicated with ease and this has caught the attention of industry employers. The threat to job and resources is imminent with several industry leaders like Bill Gates proposing a model that can tax machine effort to solve the machine encroachment and then compensate for the loss.
This idea at a time from Bill was unique, unparalleled and seemed impossible but today, it can be achieved on Effects Network.
Effect.AI is designed to bring AI-algorithms to an open and proven decentralized platform, powered by the blockchain and accessible to all.

ABOUT EFFECT.AI NETWORK

The Effect AI Network is a proposed private, decentralized ecosystem designed to develop in the three phases and operates fully on smart contracts deployed on the NEO blockchain.

Effect.AI Mechanical Turk

The Effect.AI Mechanical Turk (EMT) platform is a decentralized, peer to peer marketplace for tasks that require human intelligence. It provides similar features as centralized services like Amazon Mechanical Turk, Fiverr, Crowdsource and Guru.com. It is a crowdsourcing technology that enables
Requesters to submit tasks that can be completed by human agents in exchange for a decided compensation in EFX tokens .And workers can accept tasks from Requesters at anytime, anywhere and from any device to receive the EFX tokens.

Effect.AI Smart Market

The Effect.AI Smart Market (ESM) is a decentralized marketplace where AI algorithms can exchange their services. An application owner can register on the exchange by specifying a public endpoint of his or her application, following our data interchange format and specifying a usage fee (EFX tokens) for consumers. This application is invoked on the blockchain through smart contracts.

Effect.AI Power

In this final phase of the network, the actual computation will be distributed so that the algorithms can run globally without a single point of failure. To achieve this, the Effect.AI Network uses the fact that most machine learning algorithms have rigid structure and operate on sets of weights. And these types of algorithms are relatively easy to distribute.
The Effect Network decentralized compute engine is based on popular Deep Learning (DL) frameworks like Caffe, MXNet, and TensorFlow, where the network structure can be defined as a declarative graph and weights are stored as matrices of real numbers. These matrices can be distributed over a decentralized file system and be processed at different compute nodes on the network.

EFX TOKEN

The Effect Network is fueled by EFX tokens that allow for fair, decentralized and peer-to-peer exchange for everything related to AI.
EFX tokens are NEP5 conform and operate directly within the NEO smart economy blockchain.

THE TEAM

Solutions to problems are bourne out of ideas. Ideas created by ingenious people who are knowledgeable in various fields of learning. The Effects AI team is decorated with high caliber intellectuals from Netherland. some of the members of the effect team are;

1. Chris R. Dawe (Co-Founder & CEO at Effect.AI)
   He is a multi-passionate, serial entrepreneur with 20 years of experience in Business, Marketing, Sales and Project Management.

2. Jesse Eisses (Co-Founder, CTO at Effect.AI)
   Lead Blockchain developer and a former research intern at 3DUniversum, Amsterdam. He is focused on Blockchain technologies and Artificial Intelligence.

3. Nick Vogel (Co-Founder, Lead UX /Designer at Effect.AI)
   He worked at 'Its a Virus' as the Media and Lead designer before joining the effect.AI team. Among his area of expertise include UX Design, UI Design, Interaction Design, Web Design, Graphic Design, New Business, Artificial intelligence (Ai), Blockchain technology, Initial coin offering (ICO).

4. Charlie Shrem (Advisor, Effect.AI )
   A legendary entrepreneur and widely recognized as an authority when it comes to blockchain tech.

5. Tony Tran (Advisor, Effect.AI)
   The CTO and co-founder of innovative housing rentals platform called The Bee Token.

CONCLUSION

It is believed that the Blockchain technology has risen to prominence at right time to match the daily influence of AI. This welcome development will further be powered by Effect.AI network which brings decentralization to machine task performance through blockchain.
The future has just begun for Effect.AI and it can only get better and bigger onwards.

I have some relevant links for your perusal:

Website: https://effect.ai

Bitcointalk: https://bitcointalk.org/index.php?topic=2737469.0

Twitter: https://twitter.com/effectaix

Facebook: https://facebook.com/effectai