Effect.AI : The frontiers of the fourth industrial revolution.

in #crypto6 years ago

“Artificial intelligence is the part of computer science connected with the design of intelligent systems that is exhibit characteristics that we associate intelligence in human behavior, understanding language, learning , reasoning, solving problems and so on. “ –( Barr and feigenbaum, 1981)

Artificial intelligence is at the forefront of the much anticipated Fourth industrial revolution. With the need for machines that can perform tasks with minimum human interference growing so fast , the A.I market is the one with a very remarkable growth rate and with the intention to meet intelligence needs, design becomes more complex and less accessible/open to general public.

The Effect of Effect.Ai


Just preceding industrial revolutions ., A.I has the ability to improve quality of living but with the adverse effect of improving a few select lives that have access to the sophistication of A.I. With A.I now being restricted to the coffers of large corporations like Amazon, Google, Facebook and so on, the mass effect of A.I will be felt mostly at the top. This is why EFFECT A.I has decided to be the superman of the A.I market decentralizing the market and providing access to a wider population space that is the resources required to access the market will be greatly minimal.
Decentralization means reducing the concentration of power available at the higher levels of authority in the Market.

The Effect A.I team headed by Chris Dawe aims to bring adverse effects of A.I revolution to a minimum by using A.I algorithms to perform financial transactions.
The Effect A.I has built a network called the Effect Network which is communication interface between humans and artificial intelligence. This network is based on the blockchain technology.
The blockchain is a database of processes and transactions and the algorithms that control them without the use of a central governing body. The Effect Network specifically uses the NEO blockchain which uses the blockchain technology and digital ID to digitize assets and smarts contracts for your automated management system.
To achieve an effective decentralized A.I network , the Effect nectwork will be implementing three (3) developmental phases.

  1. The Effect Mechanical Turk
  2. The Effect Smart Market
  3. The Effect power
    These will ensure quick and optimal realization of the network’s goals while being fueled by the EFX token which will be used by the smart contracts to manage their tokens.
    The Three phases are actually three individual sections of the markets resident on the Effect platform but are related on the mission of realizing a near-utopian A.I network.
  1. Effect Mechanical Turk
    This is a platform where human intelligence is hired to perform tasks (Human intelligence tasks) for a given payment from anywhere in the world. It is a smart socio-economic platform. The Effect Force is not just a mechanical turk ,

  2. Effect Smart Market
    This is a marketplace where the exchange of A.I services take place. Just like a real marketplace where the exchange of goods and services take place. The Effect force provides the ability to applications owners to broad cast their services and whenever that application is call upon using smart contracts. Tokens are transferred to the owner who now grants authorization for use of the application to the requester. By using the Effect.AI Galaxy pool which is a bank of all the EFX and native tokens , there is a high level of liquidity on the network. Whenever there is a transaction, the Galaxy pool ensures availability of tokens for payment of services. Smart contracts ensures availability of services created or needed.

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3.Effect Power
For a large network like the Effect network, there will be a high demand for computing power. A.I algorithms are usually stored on centralized servers. On Effect power, the computation tasks will spread over a worldwide network of computing nodes. Using the concept of weights, the algorithms are stored with matrices of real systems and distributed over a decentralized network of servers and computing nodes.

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The Effect force : Decentralized Mechanical Turk


Decentralization is the major goal of the Effect.AI network and one of its major assets is the decentralized mechanical turk.
it Is a decentralized mechanical Turk in that it allows for a direct connection between the supply and demand of tasks (micro-tasks). It allows for hands-on direct interaction between the requesters ( Effect.AI users who are the creators of micro-tasks which they are unable to perform) and workers ( Effect.AI users who are able to perform micro-tasks in exchange for Effect.AI tokens which are called EFX. So the Effect Decentralized mechanical Turk is made up of 4 entities.
Requesters are A.I users who need help in training their A.I algorithm and improve A.I applications.
Workers are a distributed set of labor force that are ready to help teach the requester’s A.I algorithm in exchange for an amount of EFX tokens
Tasks are the jobs offered by requesters with an attached amount of tokens given to workers after successful completion.
Bots : They are functional algorithms created by A.I users which can sometimes be used to perform tasks and their creators will be rewarded all the same.

Effect Force and my country


With the fast growing accessibility to A.I jobs and tasks that the Effect Network is providing , there will be increase in the quality of living of individuals especially those in developing nations. With an estimated average earning of $9.20, this will cause a great increase in the per capita income of the country. This will reduce pressure on the government for the creation of jobs and it will provide a means of stable income for many.

Source: https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQqXQrAxNvZD6qoIzLoFzkainnnIa7HD_PCu05scYRASqArq5Ad

Effect Force : Fair and Instant Pay


By providing simple accessibility to supply and demand of tasks, the effect network ensures monopolistic tendencies are reduced with payments for services priced fairly and with the effective payment system , the effect network is providing by using the galaxy pool, smart contracts and tokens, payment is instant and effective. With this fair and instant payment and flexible navigation the effective network is providing, almost anyone with a basic knowledge of A.I can utilize the effect.AI network.
This flexibility creates a large demand for tasks which provides application owners access to wide range of workers and the more an algorithm is trained , the more adaptable it becomes.

Source: http://www.checkcity.com/wp-content/uploads/2014/03/slide1c

Effect force: Micro-tasking


The Effect Forces provides a platform for companies to supply A.I applications that require micro-tasks. Micro tasks help in patching up inefficiencies of A.I algorithms by providing access to the effect network population. When these micro-tasks are performed by users , the results will be compared to results of the A.I and the results will be used to train the algorithm and further improve the efficiency.
One example is the human verification like the one used in captcha where users will be given something like a picture to identify whats in the picture, something A.I algorithms cannot yet perform efficiently. User data and statistics obtained from the verification exercise will be used to train the A.I.
Using the concept of micro-tasking, companies can test an application on the network by paying users to test the application. With the wide access to millions of users , the chances of finding the biggest to the most latent bugs is high. This greatly reduces the security risk of the applications and proves reliability of software.

The Effect team

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This article is an entry for the @originalworks contest

click here: https://steemit.com/crypto/@originalworks/230-steem-40-bonuses-sponsored-writing-contest-effect-ai
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Thanks for reading.
Effect2018

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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

obviously followed :)

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