EFFECT.AI - Decentralizing AI one phase at a time
My entry into the @originalworks sponsored effect.ai contest here
We now live in a world that is constantly undergoing decentralization by the blockchain revolution. Most areas of life from transportation to retailing, entertainment to finance are all going through decentralization daily.
But not until recently, the AI industry had been structured around a centralized distribution. The existing AI market is being controlled by tech giants like Microfost, Google and IBM where machine learning is offered as part of cloud-based APIs deployed on remote servers of the AI providers. This centralized model has led to monopolization of the AI market causing unfair pricing and lack of transperancy. This has also caused a limited participation of smaller companies in the AI innovation.
Now, with the new revolution of decentralization and blockchain based AI structuring, all of these can be avoided.
This is where effect.ai comes in.
Effect.ai is a Blockchain-Based AI Development Network that is powered by NEO.
According to medium, the AI market will reach a projected size of $15.7 trillion by 2030. And only a few
tech giants as mentioned above are able to develop AI algorithm due to diverging tasks and costs of computation.
Effect.ai is creating a decentralized AI development system called the EFFECT NETWORK which will provide the services necessary for AI development to an accessible decentralized market for everyone.
With zero commissions and accessible entry to almost everyone interested, complete decentralization will be achieved in three phases.
Phase 1: Mechanical Turk
Mechanical turk is the part of AI development requiring human intelligence. From algorithm building to general population tests; humans can be compensated with EFX tokens for completing the above tasks.
Requesters who are the idea initiators can create tasks on the market open for everyone with the desired skill set to complete, or for general public testing as the case may be.
This is the first step in decentralization as anyone can participate in the AI development process by algorithm writing or public testing for rewards.
Phase 2: Smart Market
The Effect Smart Market will allow owners to get their AIs registered on the AI market offering it to everyone on the market for a specified price or fee.
Users who are interested can pay these fees in the form of EFX tokens to gain authorized access to the AI.
And finally, with Phase 3: Effect Network,
the built algorithms will be put up on the blockchain by the Effect Network allowing global access via the NEO blockchain.
Complete decentralization for AI development and control can be achieved with effect.ai through the Effect Network allowing users worldwide to partake in the algorithm creation, testing and using of AIs.
All images used for this post are sourced from Medium
effect.ai2018
Submitted.
Great piece of work.
I've heard about effect.ie and I would also love to hear what do you think about DBC (Deepbrain Chain) and Singularity. How those two look comparing to effect.ie in your opinion?
Im personally quite bullish on DBC (mostly because DBC is related to NEO) and I hope to hear what do you think about this coin.
I will be following you closely.
One more time: great piece of work
Hi again
I decided to check your profile just to realize that we seem to share a number of interests :)
In particular that we both share a similar passion towards cryptocurrencies and blockchain technology :)
Please continue up with creating interesting content - it may be hard at the beginning to build reach and solid followers base.
Steemits needs solid content builders so just dont ever give up! :)
Cheers, Piotr