Effect Network : Revolutionising the AI Marketplace

in #blockchain6 years ago

For years now ,artificial intelligence has consistently proven to be the backbone of numerous technological innovations which generally have simplified and bettered human existence.The steady rise in number of enterprises which have implemented AI tools and frameworks[62% growth from 2016-2018] has proportionally led to an amply overwhelming number of investments that could boost the AI market from $8b in 2016 to over $47b in 2020 according to IDC. The significant success enjoyed by AI technologies such as virtual agents,AI optimised hardware,biometrics,robotic process automation amongst others further justifies the hype and heightened media attention,paring down all cons previously argued by AI critics.

Despite all these ,the AI world is far from accomplished,most notably in terms of commercialisation and interoperability.The escalating number of investors as well as the ever glaring increase of tech giants and developers in the AI market duly necessitated the need for a decentralised community for all;one to bridge the gap between companies and developers,a means to break the barrier between AI and humanity .It became quite evident that many prospective live changing AI innovations were dying due to inability to link with investors,despite their presence .Highly skilled developers were fast transiting into "Average Joes".What was once pin-pointed to be man's greatest achievement was turning out to be his undoing .Critics were beginning to rear their ugly heads once more ,this singular setback could well prove to be the last straw to break the camel's back .Something had to be done to checkmate these issues .
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EFFECT NETWORK :A new lease of life
Effect Network is a decentralised network for AI which is powered by NEO and is being built by EFFECT AI. This project will run on the NEO blockchain fueled by a network NEP-5 token and is introduced to provide services in the AI marketplace .The actualisation of Effect Network will seamlessly bring to fruition,a community which would largely improve the commercialisation of AI by providing a platform where developers and companies can easily put up tasks for people to compete and earn. Amongst the stand out features of Effect Network includes :High level of accessibility,fairness in price and effectiveness of tasks completed,interoperability as well as it's numerous economic impacts.

The development of Effect AI will occur in three phases ,which will be discussed briefly.
Effect Mechanical Turk (Phase 1) :The first phase aims to import Mechanical Turk to the blockchain.Here,tasks are put up for people to compete and earn.This will go a long way in improving user base and laying a foundation for other phases.

Effect Smart Market(Phase 2):This phase forms the bedrock of commercialisation of AI,as it aims to provide a marketplace where AI services can be bought and sold.

Effect Power(Phase 3): This is the third and final phase. It embodies the use of shared computation in order to power AI applications .
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It would be quite erroneous to continue lauding this milestone innovation without accruing due credit to the team of high skilled and diversely gifted individuals who have incorporated their intellectual capacity with rigourous work to give birth to the Effect Network .Meet the team !
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Introduction of Phase 1 -Effect Mechanical Turk

Being the very first step in bringing the Effect Network to life, the announce of its imminent release has left many wondering what it has to offer. The introduction of Mechanical Turk will go a very long way in nullifying an idea which has been deeply ingrained in the mindsets of many about AI.Contrary to what AI is sparsely renowned for ,the birth of the first phase will spark a new era of unparalleled economic impacts through the creation of employment and side source of income to the already employed.Numerous jobs in form of tasks can act as a steady source of income to people in developing nations,hence tackling unemployment .The companies aren't left out of the moving train as every task carried out ultimately brings them a step closer to accomplishing their goal.With Mechanical Turk,its a win-win !

Impact Of Fair and Instant Pay on Adaptability

Every community which thrives on human interaction must uphold fairness in every aspect .Fair and instant payment are invaluable and non-negotiable attributes vital for the success of the Effect Network .Quick demand and supply,instant payment and fair prices improve 'user experience' and will go a long way in creating a positive impact on adaptability .

The use of micro tasks to detect and solve issues of bugs in softwares before release will be another feature on the Effect Network which will be talked about for long.By paying users on the network,this issue can be double checked .Companies can also know the limits and traffic their app is able to withstand and possibly request for improvements .

Without an existing iota of doubt, the release of the Mechanical Turk will lay a solid foundation for the coming phases as Effect AI prepares to escalate the AI marketplace to a whole new level. But until then,the world is at a standstill .

Here's my entry to the contest: https://steemit.com/crypto/@originalworks/230-steem-40-bonuses-sponsored-writing-contest-effect-ai

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Nice one!. ..i wish you goodluck bro

Thanks a lot bro ! .Goodluck to you too :)

Im glad to see that you're not only a good author but you're also responsive.
Once again: really great piece of work. Myself Im a big fan of AI which i also found very scary.

Obviously followed :)

Thanks for the kind words friend!. AI is truly breaking boundaries and surpassing limits,you should be proud ;)

proud and scared :)

thx for your comment mate. hope you've been doing fine

I think that man's greatest fear concerning AI is waking up to discover that a robot has been trained to carry out his job 10times more effectively !
So tell me,do you belong to this demographic ? Lol
I've been doing pretty well,how about you ?

Im glad to see that you're so responsive. i will do my best to follow and support your content (hope I can find more common interests)

You're right. That would be indeed a nightmare!

yours
Piotr

@danielwrites
I would love to stay in touch with you a little bit closer as I value your knowledge and your input. And we could support each other on Steemit.
I wish there would be more advanced notification system developed by steemit.

Plus you're very responsive which is absolutely great and steemit community surely will benefit by having you here.

Perhaps you could send me short email to [email protected]

No pressure of course,

Cheers, Piotr

Hi

I just had a chance to read your post fully. little bit to late to be able to upvote. sorry

Really good piece of work. Im following all originalworks contenst and I know that this is second time they want people to write about effect.ai.
competition seem to be fierce and I must admit that your post is one of my fav so far.

You mind if i would ask you few questions?

  1. it's not easy to purchase effect.ai. which exchange would you recommend as reliable and safe?
  2. do you think that effect.ai will be more successful as a marketplace comparing to dbc? any thoughts?

cheers,
piotr

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