THE BEAUTY OF EFFECT.AI IN THE WORLD OF TODAY.
This is another great blockchain contest that was thrown to the open floor by @originalworks. If you wish to know more about the contest see here
Introduction.
A.I technology ranges from mobile phones, to biotechnology to autonomous vehicles and is progressing rapidly because is virtually seen every where we go. The fourth industrial revolution that is mostly talked about has the ability to improve the quality of life and income globally.
Guess what??
A. I happens to be the key component of this industrial revolution. The bad aspect of this industrial revolution is that it intends to replace human Labour with automated machines. This propounded theory might look like the science fiction movie "I.ROBOT", but this concept can actually be achieved on the Effect Network, a decentralized network for Effect.AI.
AI brings AI-algorithms to a proven platform that is decentralized powered by blockchain and easy for users to assess. It increases growth in market, lowers the barrier for entry and reduces cost.
What is Artificial Intelligence.
Mere hearing the word "artificial intelligence," first thing that comes to mind is that it's something in contrast to humans or animal. A.I is simply machine intelligence.
According to Wikipedia:
In computer science AI is defined as the study of "intelligent agents": any device that perceives its environment and takes actions that maximize its chance of successfully achieving its goals".
For about five (5) years, there have been a high rise in the use of A.I technology in smart devices like phones, automobiles, Fraud Detection, video games, online customer service etc. The reason for the adoption of A.I applications in many firms, and industries is because of the advanced Machine Learning (ML), Computer Vision (CV), and Natural Language Processing (NLP) research, as well as the ready availability of cloud computing.
The platform tends to propose a decentralized ecosystem called Effect.AI network (Effect Network) which is developed in three various phases and operates on Smart contract powered by blockchain.
![](https://steemitimages.com/640x0/https://steemitimages.com/DQmaqiMto1exrQjpng49ZLPre54jBSmmJkPXDafX5LAGUFV/0Hc9WX4LjkybkBxOWa2YBUxV-75UkUGXNgOcP-x3RQibhWF-n5mnnLtQOBL8YoLNI5M_2ksZhQGr_I2pn7wXBcH7WK2VM3hy9g6JiNZPla6azIwf9GYXaIyKRIXKfgsGa71lG4la8nLmCnuY6Xsj1enc0c0ZC7O2-2uvRR-2Gk72oilpdoj-cj5r-96Z8lwAxaGM-Q%3Dw446-h329-nc.jpg)
Phase 1:
Effect.AI Mechanical Turk (EMT) is a decentralized platform that has similar features with Amazon Fiverr7, crowdsource8 and guru.com9. It's a crowd sourcing technology that requires "Requester" to submit task that can only be completed by human agent in exchange for compensation that are paid in cryptographic EFX tokens. The tasks given by the Requesters are known as Human Intelligence Tasks (HIT).
- Requesters
The requesters generate task on EMT platform which is completed by human agents and decide how much they are paid for any given task that is complete. Once the task is complete, the released result from the EMT platform is used to train their Artificial Intelligence (AI) algorithm.
- Workers
The workers completes task generated by Requesters and are paid in EFX token.
- Human intelligent Tasks (HIT).
A HIT task are jobs submitted by Requesters and accepted by Workers. The structure and required feedback for a task is defined by the contract ID and the blueprint. The contract I.D of the task validates the format data. Each type of task requires a smart contract to handle interaction.
- Data sets
Data sets comprises of various types of media that are big in size and such information can't be store in blockchain database. This kind of information is mostly suitable for other decentralized storage options like BitTorrent10 and IPFS11. For this reason, the network will use a similar hash-based distributed file storage, where each media asset can be referred to by a single hash.
- Privacy
The blockchain is decentralized and open by nature, making the block chain properties not always desirable especially when "privacy" is concerned. several measures has now been put in place to enable Effect Network store sensitive information.
Data sets
Only selected users are capable of decrypting the data generated by the Requester. This is only possible with public key encryption.
User ratings
When workers are through with there task, they are rated. This ratings are installed with a public key encryption which the owner use to sign the ratings in blockchain.
PHASE 2
- EFFECT Smart Market
As the name implies, this phase is a decentralized market platform were people can buy AI services. This phase is a natural progression of the Effect Network. The owner of an application can register on the exchange by specifying a public endpoint of his/her application, following our data interchange format and specifying a usage fee for consumers. Algorithms can communicate with other algorithms and purchase services from each other.
The two vital components in ESM are "Application registry" i.e, network that maintains registry of available application and the "Application end point" that communicate over the HTTP protocols.
Phase 3
- EFFECT Power
The last phase of the network, actual computation is distributed in order for algorithms to run globally without a single point of failure. This is possible because most machine learning algorithms have a rigid structure and operate on sets of weights, making it easier to operate. It's obtainable through partnerships with projects like Golem with their Super computer or create the framework ourselves.
How can Effect Force help employment in developing countries
Considering the fact that lots of people claims that Effect force has lay claim to a lot of jobs, it has helped improved the standard of living in developing countries because tasks generated by the Requester on the Effect Network will definitely bring a lot of people from developing countries since they stand to gain more freedom when compared to the opportunities that are limited.
Effect force will improve the speed, quality, and cost of available goods and services thereby improving the economy of the Third World countries.
But like the saying goes, nothing is absolutely perfect, It must always have some flaws... Below, I'll be listing some of the flaws:
- Data processing:
With the nature of A.I technology, data processing is very difficult. Humans are needed as feedback. Such tasks requires finding patterns and processing unstructured data that can produce useful datas. This is only possible with annotated datas which requires lots of capital.
* Diverging Tasks increases the complexity of an A.I application. Let's use an example of a self driving car learning to stir will also need to acknowledge road signs allover the world. This makes the application of A.I more complicated.
* In several cases, developing A.I systems is very expensive when it is computational intensive because of the technical infrastructure required to process large amount of data, Graphics Processing Units (GPUs) and coordinating the results.
Solving the situations
Like other decentralized applications, Effect Network directly connects supply and demand without the need for an intermediary party. The Effect.AI will establish the following:
- Interoperability.
we can truly decentralize AI and achieve interoperability among individual AIs by putting AI algorithm together on the block chain creating a communication standard to which these AI algorithms have to comply to.
- Performance.
In order for users to improve their existing data sets, they can buy services from algorithms on the esm or set up a data set that is new by creating micro task on the EMT platform, enabling users to build dataset quickly and more accurately to train AI algorithms
- Accuracy.
Effect.AI Smart Market (ESM) makes individual applications able to find each other to buy or sell information making it easier for users to use data sets with high complexities to train their AI algorithms.
- Accessibility.
By linking supply and demand without any form of third party through the Effect.AI mechanical Turk (EMT) platform, Training AI algorithm becomes so fast, cheaper and easy for users who don't have a large network to train their AI algorithm.
Adaptability of Effect Network.
Well, my own opinion when it comes to adapting to Effect Network is that since its the major component of the fourth industrial revolution, people will definitely embrace it. As long as people stand to gain token known as the effect Galaxy pool, it will increase the rate of adaptation because the token stand as a means of reward for completing a task.
The community driven Effect Network
The Effect Network is deployed and used as a decentralized applicationas-is. However, in order for the network to be sustainable, it has to be governed. Pump and dump by investors should be discouraged in order for the scheme to gain ground.
Effect Galaxy Pool (EGP)
EGP comprises of both native NEO and GAS, as wel as, EFX and other NEP5 tokens. Exchange rate are stable. Furthermore, the EGP construction will allow to increase liquidity by providing beneficial exchange in the beginning phase.
For findings and research :
- Effect.AI Website
- Effect.AI WhitePaper
- Effect.AI LightPaper
- Effect.AI YouTube
- Effect.AI Medium
- Effect.AI Facebook
- Effect.AI Twitter
- Effect.AI Telegram
- Effect.AI Review/Explanation Video
EFFECT 2018
Coins mentioned in post:
Submitted.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by sbamsoneu from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
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?
cheers,
piotr
obviously followed :)