Effect.ai - An AI Decentralized Network

  Artificial Intelligence (AI) is most advanced technology that is rapidly growing and has already affected to each and every area in the globe. It has become a key element in 4th Industrial Revolution. Fourth Industrial Revolution has the potential to increase global income levels and improve the quality of life for people around the world. However, it has a potential to disrupt labor markets by automation substitutes labor across the entire economy. Entire workforces can be incorporated by automated machines and Artificial Intelligence in some industries. The concept can be understood about the Effect Network that is a decentralized network for AI. Effect.AI brings AI-algorithms to an open and proven decentralized platform, powered by the blockchain and accessible to everyone and that provides services in the Artificial Intelligence market. The Effect Network consists of the 3 phases and each require no fees, have a low disturbance to entry and provide rapid growth to its users. It runs on the NEO blockchain and is powered by a network NEP-5 token. The effect of this network is all about the future  relationship between humanity and Artificial Intelligence. 

   As a first phase, Effect Network will be having an interactive marketplace for tasks that require human intelligence and workforce. A Decentralized Mechanical Turk (M-Turk) allows anyone in the world to complete a wide range of tasks and collet fair payment. It will be provided AI developers and businesses access to a large workforce of human intelligence to train AI algorithms. Every completed task will be paid with a network NEP-5 token.  

    Effect AI is a new type of Smart Market on decentralized platform where people can offer and buy AI services. This phase is the natural act of moving forward of the network and the Effect will be an open marketplace for offering AI Algorithms as a service. This is the only place or exchange where AI developers with their performing Algorithms can sell, rent or provide its service to the consumers for a simple and easy payment with the Effect token. Each Algorithm will have its own wallet to allow for easy acceptance of transactions. Within this marketplace, Algorithms have the ability to communicate and work together with other algorithms and transfer services from each other.   

    The last phase of the Effect network that provides a decentralized, distributed computational platform that will run with popular deep learning frameworks. The Effect decentralized compute engine is founded on popular deep-learning networks: such as Caffe, MXNet and Tensor flow. In order to give away computational power of all AI, the network will be maintained without any single point of weakness. This is done through partnerships with projects like Golem with their Super computer or create the framework ourselves.   

 

TASKS ON THE BLOCKCHAIN DEFINED BY SMART CONTRACTS

  Service buyers (Effect requesters) can put their tasks on the Effect M-Turk platform to be completed by workers. Also, they can decide how much cryptocurrency the workers will receive for each completed task. As a next step find back the results from the Effect M-Turk platform and use these results to train their AI algorithm. Effect M-Turk will provide buyers to on-demand, scalable and distributed workforce.  

THE EFFECT NETWORK TOKEN & GALAXY POOL 

  The Effect Network will maintain a decentralized exchange with a pool of tokens to provide: · Liquidity · Give motivation adoption of The Effect Network  · stabilize network fees This token pool is called the Galaxy Pool. That is included of a mix of EFX, NEO and GAS and possibly other tokens. Several rules will impose to divert Galaxy Pool towards an equilibrium. These rules can later be improved by means of governance. The Galaxy Pool maintain exchange rates for users. The Galaxy Pool is not match for day traders, as only Galaxy token (G-token) can be bought or given to platform requestors and can’t be traded off the platform. The G-token is translated into regular tradable token by use it through an Effect service contract. Effect service contract secure the Galaxy Pool from external manipulation and keeps exchange rates at optimum stable level for workers and service providers.    

  For More Information Visit :

 Website : https://www.effect.ai/ 

whitepape: https://www.effect.ai/download/effect_whitepaper.pdf 

Telegram : https://t.me/effectai 

Facebook: https://www.facebook.com/effectai/ 

Twitter: https://twitter.com/effectaix

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