EFFECT.AI INNOVATIVE BLOCKCHAIN

EFFECT.AI's theory has been making waves on YouTube and all the social media for the past sometime now. According to my research, i was made to believe that Bitcoin may have been created by an Artificial intelligence(AI) means. This speculation was based on an interview on YouTube by Quinn Michaels shot in Las Vegas early October 2017.

In this video, he suggested the possibility, as well as the timing of an AI-like android named "Sophia" being paraded in the media.
According to what he(Quinn Michaels) has heard, this Sophia will have her own cryptocurrency, or be programmed to interface in some fashion with blockchain technology.

BRIEF INTRODUCTION ON THE SUBJECT MATTER(EFFECT NETWORK)

This project focuses on providing services based on the Artificial Intelligence market and it is called "THE EFFECT NETWORK. Just like other upcoming new projects on the blockchain, it is open to all and as well, a decentralised network.
There are 3 main phases of the effect network; namely:

(1). The force effect
(2). Smart market effect
(3). Power effect

However, it is worthy for us to note that the popular 'Nep-5 token' is the power-house of this new tech. It runs without interruption on the Neo blockchain.

Phase 1: Effect Force (Decentralized Mechanical Turk)
This is the very first step in bringing the Effect Network
to life. Developers and companies will be able to put up tasks for people to complete. These tasks will enable the users to earn, the developers to better their applications and for companies to accomplish their goals.

This step is crucial for the Effect Network to grow a user base. It is the foundation on which the next phases build.
Phase 2: Effect Smart Market
As the name suggests, this phase concentrates on building a marketplace where AI services can be bought and sold. This will be the stage that allows commercialization of AI and human intelligence.
Phase 3: Effect Power
The final phase to bringing the Effect Network to the forefront of decentralized AI is computing power. AI systems are very resource intensive, and this last step will ensure that computing power can be easily attained or lent in order to execute heavy applications.
It is a place where Artificial Intelligence and Human Intelligence comes together towards solving one particular problem. The smart market effect simply implies the ico stage where people exchange other noble coin like Neo for "Nep-5 token" Words reaching us is that the ico would soon be conducted after the 1st phase. A wallet would also be created to ensure smooth transactional process for the new token and as well for easy acceptance of transactions.

AI tools can be used to improve social media marketing activeness, that is exactly what the effect network is trying to do. I don't need to tell us that humans and AI application forms a very good complementary team when it comes to social media marketing. While scientists are working AI's understanding of language, it is at a disadvantage when it comes to the actual engagement, as humans are still much better at talking to humans than machines are. And humans are at a disadvantage when attempting to sift through massive quantities of data very quickly. In this case, each weakness is the strength of the other. While AI may not perfectly assess the nuance of human communication every time, it can quickly determine whether a tweet was sent from a real person and what tool was used to send it, filtering out noise that adds no value for a human social media team. AI can tell you if a sender is in genuine need of assistance, or responding to your most recent social media promotion. AI can help social teams find the good stuff quickly, so that they can respond to things that are worth their time and ultimately manage the workload.

Conclusion

I'm so happy to among those who made a research on this. I must confess, i just love the ethics, transparency and philosophy of the team and it's great to see them utilising blockchain to solve a real world problem. It really should be an example to other in the crypto space. Can't wait to see Effect.AI succeed and show everyone how it's done :)

Further reading about effect.ai
Effect.AI Website
Effect.AI WhitePaper
Effect.AI LightPaper
Effect.AI YouTube
Effect.AI Medium
Effect.AI Facebook
Effect.AI Twitter
Effect.AI Telegram

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

https://steemit.com/originalworks/@caesar816/this-may-be-true-the-future-of-blockchain-lies-in-the-hands-of-ai-s-theory

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