EFFECT.AI’S SOLUTION COULD SHAPE THE WORLD AND HAVE AN IMPACT ON MULTIPLE INDUSTRIES
HOW EFFECT.AI’S SOLUTION COULD SHAPE THE WORLD AND HAVE AN IMPACT ON MULTIPLE INDUSTRIES
Abdul is a young man in his mid twenties living in Dhaka.
He is done with college and has been searching for a job for about two years, and he is yet to get any positive feedback.
Source: Wikimedia Commons
He's always on the Internet when he can afford to get on via his smartphone, looking for any job openings to sustain himself and make progress in attaining his goals.
There are more than
one billion people below the poverty line, and Abdul is trying to get out-to break the cycle.
While surfing casually on the internet one day, he learns about a decentralised marketplace named Effect Force Mechanical Turk, created by Effect.AI, which offers micro jobs related to Artificial Intelligence, which anyone, anywhere and on any device can complete and get paid with EFX tokens. He fills in his data and he begins to carry out Human Intelligent Tasks (HIT), and he is paid fairly and instantly, on completion. This makes Abdul happy, and gets him hooked. He makes up his mind to stick with the marketplace as a result of this. He then exchanges these tokens for other cryptocurrencies, after which he goes on next to convert them to his local currency, the Bangladeshi Taka in Dhaka.
Investigating more, he also learns that there are two other phases coming after the Effect Force Phase. Phase Two would see the introduction of the Effect Smart Market (ESM), and this will be an avenue for users to purchase and also offer AI services while Phase Three would focus on Effect Power which would see actual computation being distributed, in order for the algorithms to run on a global scale without any point breaking down.
Abdul might not be rich through this, at least not yet, but he is able to meet his basic needs, and has been taking some levels away from poverty. Thankfully, he is now above the poverty line. This is the effect that Effect.AI’s Mechanical Turk can have on families, globally. It could change the lives of those below and above the poverty line.
A few miles from Abdul, Uber is test running their self-driving cars. Tests so far have not been great, and they need additional data from individuals like Abdul to improve their product. So Uber goes on Effect Force Mechanical Turk and make an entry. Abdul sees it, and gets to work. Uber is impressed with his feedback, and his Reputation Score shoots up. This enables him to get more jobs subsequently, and Uber on the other hand, get the data from Abdul and the hundreds of thousands like him to improve their self-driving vehicles and stop them from crashing into objects when parking. Many other related tasks such as these can be performed on the marketplace, seeing AI still needs humans.
Source: Wikimedia Commons
Everyone is happy. Seeing Uber got the results they desired on a budget, and see that they have a big audience to work with here, Uber keeps on coming back, seeing Research and Development never ends.
CONCLUSION
This directly and indirectly has a ripple effect on people in different corners around the world, and here probably lies a viable solution to poverty around the world.
Sourcee: Wikimedia Commons
Effect.AI is already rolling out their pre-registration for their fans on Telegram. To take advantage and be a part of this, Kindly use the link below to visit their Telegram link.
UPDATE
A brief update can be gotten in the video below:
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 :)