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Introduction:

Blockchain and Artificial Intelligence are the two extremities of the technology: One birthed on centralized intelligence, based on high level of precision, the other promoting decentralized applications in an open-data space.

Prior to Effect.AI, AI has relatively been a brain child of big multi-national firms (like Google, Facebook, IBM etc).

From autonomous cars to voice/fingerprint recognition down to image translation in mobile phones AI technology has gone beyond borders, walking and running on waters of high intelligence. Massively big firms have over time made huge capital investment into developing AI, thereby holding it behind the walls of their frame like their magic stick, making it almost impossible to be accessed by the outside world.

But with AI sliding on (Neo) blockchain birthed by Effect.AI the magic (of AI going decentralized) births the dream.

First! What then is Artificial intelligence: (AI):

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 success at some goal.

But I love to say in my own terms that:

Artificial intelligence is the development of computer systems or intelligent machines that react like humans

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or are able to perform tasks basically performed by human (intelligence), such as driving, visual perception, speech/voice recognition, decision-making, and translation between languages etc.

This is observed in self-driving/voice recognition in cars. This machine does this by:

• Learning
•  Planning
• Problem solving
• Speech recognition

The integration of AI into blockchain brings about a branded innovation. This combination births precision that eliminates errors through encoded algorithm leaving an audit trail that are traceable and decentralized affecting almost ALL industries.

Many have different thing to say about blockchain and AI. But I say Effect.AI will do to AI what the internet did to the media pushing the traditional AI from the domain of centralization to the broad way of decentralization

What is Effect.AI:

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Effect.AI is therefore a Decentralized Network for Artificial intelligentce (AI). Effect.AI therefore births an ecosystem known as Effect.AI Network. This ecosystem finds it footing on the NEO blockchain and with its token known as NEP-5.

The Effect.AI Network:

This ecosystem introduces an open, decentralized network/platform that provides huge opportunity for the Artificial Intelligence market. In the process Effect.AI will right the wrongs of the AI topography making it smart. This it does by modeling a private, decentralized cloud ecosystem for AI development and AI related services called The Effect Network.

Before we go further, it paramount to express that the first two phases, will slide on a marketplace that is largely decentralized.
A decentralized market is therefore structured to consist of technical tools that facilitates investors to model a marketplace without a central location.

Decentralized marketplace, provides investors with access to various bids/ask prices and makes it possible for them to deal directly with other investors/dealers and clients eliminating middlemen.

This network will deliver it proceedings in 3phases:

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• Effect Force (Effect Mechanical Turk)
• Effect Smart Market
• Effect Power

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This will afford users an advantage to access facilities for free with no restrictions for all who wish to leverage on the opportunity it affords. The platform builds a massive bridge that will form a meeting point for demand and supply to intersect.The effect of this network will define and build a future relationship between human (intelligence) and AI

Phase 1: Effect Force (Effect Mechanical Turk):

This is first phase of the Effect.AI network, where human intelligence will be the basement of its footing. In this phase users will leverage on something like an online mega store/market that’s largely decentralized where users can shop for a relevant and competent workforce (such as developers who wish to execute task for other user for reward tokens. The task to be executed by these developers might include stuffs such as the training of AI algorithm).

Phase 2: Effect Smart Market:

We already know that Effect.AI is footed on blockchain making it largely decentralized, we also must have noticed that the facility tend to be open to anyone from any part of the globe to leverage on this (Smart market).

This phase is largely for buying and selling unlike phase one were one user engages another to user or requires that a user executes a task in exchange for token.

In this phase AI developer engages in the process of buying and selling or rent/lease developed algorithm which has been proven to be functional in exchange EFX tokens in a decentralized model power by Neo blockchain.

Phase 3: Effect Power:

The final third tend to be the climax, with Effect.AI hitting the cloud with AI computing or birthing a computational platform. With AI sliding mostly on centralized server as we speak, this will deliver a session where AI goes viral on decentralization.

This will lead to an era where blockchain pushes AI beyond limits, making it to be run globally without any form of failure. At this phase the fabric of AI computing is distributed, in this process machine learning algorithm is used to effect the distribution.
The Effect decentralized compute engine is based on popular deep-learning networks like Caffe, MXNet and Tensor flow.

Effect Mechanical Turk (EMT) in Details:

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Artificial Intelligence Still Needs Human Help" - and that is why Phase 1 of the Effect Network, Effect M-Turk is very relevant for the current AI landscape.

Effect.AI Mechanical Turk is largely a peer-2-peer marketplace micro-tasking based on human intelligence, which trains AI algorithm faster, easier and at a cheaper rate.

It methods of operation is similar to that of Fiverr, Crowdsource and guru.com where requesters (those who provide the task) contract workers (those who complete the task) to execute task in exchange for (EFX) tokens.

This task are called Human intelligent task (HIT). This give user who do not have the leverage of accessing big dataset to have their AI trained.

How Does Effect Mechanical Turk Works (EMT) :

In the EMT the Requester comes up with a (HIT) to be completed and places an amount of EFX token, the worker will get the reward for executing the task.

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The worker assesses and accepts the task form anywhere on any device. On completion/execution of the task the Requester retrieves the result and the worker is rewarded in EFX tokens.

The contract ID of the task will validate the format of the data. The result expected by the requester is properly spelt out to the worker in the smart contract which is the binding document.

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How can (EMT) help employment in developing countries?

It is no secret that a large population of people in third world, live under $1 or $2 per day. The economic spectrum is flawed by poverty spinning from high rates of unemployment.

Sometimes individual with valuable skill, get little or nothing in term of financial reward. According to the World Bank, up to 5million people already work remotely in online marketplaces. But with the advent of EMT birthed by Effect.AI the dream has come to be.

EMT tend to provide an ecosystem that forms a type of decentralized financial (employment) engagement (in place of the formal centralized employment) where (Workers or human cloud) execute (HIT) from anywhere and get financially rewarded (instantly after completion). This therefore tends to become a source of income for the workers and sequentially birth an upturn in the standard of living of participants (workers especially from the third world countries can benefit immensely) on the network.

How will fair and instant pay impact adaptability?

It should be clarified categorically that Human intelligence is the spirit behind AI and it will always find its relevance in it's developmental proceedings of AI.

As workers round off tasks they get rewarded instantly/immediately in EFX token determined by economic principles of demand and supply such that the price is birthed on a plane level of fairness and competitiveness.

This feature of fairness makes it appealing and flexible for all user to leverage on token that are largely pitch at the equilibrium price. This high level of fairness, fuels the interest of users to continue to leverage on the monetization policy footed on EFX token on the platform.

Problems that micro-tasking can tackle includes:

• Image Classification
• Transcribe Audio (language translation)
• Data Labeling

How can EMT provide companies an outlet to completing/testing micro-task based projects on a massive scale:

With Effect.AI largely decentralized, private, secure and fully global, Companies can leverage on the Effect.AI Effect Force for sourcing large workforce (potentially millions of worker) or human cloud which can be engaged in the execution of their micro-task (HIT) on a massive scale and at very low cost as well.

A company engaged in software generation (Requester) might wish to assign a HIT: (To test run their software over and again) to the Effect Force (decentralized mechanical turk). This test run, is done before the software is released to the public.

This human cloud tend to be beneficial to find bugs in the software and in the process improves the services of the company, birthing a denotative statement that their software came withstand heavy usage. This is paramount because some bugs might only show up once in a million times of software use.

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Above is the team behind the bliss

The parents post is linked below

https://steemit.com/crypto/@originalworks/230-steem-40-bonuses-sponsored-writing-contest-effect-ai

For More Information:

 

• 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

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