EFFECT.AI NETWORK – A LEADER IN THE FOURTH INDUSTRIAL REVOLUTION

Artificial intelligence (AI) is a technological trend that many countries and large companies have been pursuing. In recent days, you can hear about smartphone, autonomous vehicles, biotechnology like facial and voice recognition, … Those products have been proving that the Artificial Intelligence market is growing and widening at a remarkable rate but it has become more inaccessible than ever that caused many different effects on our lives. To adopt the global development, every corporation needs to build a large annotated datasets and a complex technical infrastructure.

Today, I introduce a decentralized network for Artificial Intelligence that has become ubiquitous in the Fourth Industrial Revolution – EFFECT AI NETWORK.

ABOUT EFFECT AI NETWORK

As mentioned above, Effect Network is a decentralized network for AI. Effect Network brings AI-algorithms to an open and proven decentralized platform, powered by the blockchain and accessible to all. Effect Network was born to solved almost of problems that prevent AI from accessing all aspects of life, such as high cost for collecting and storing databases, long time, the compatibility between AI and environment, …

The Effect AI Network replaces several existing services and requires no fees, has a low barrier to entry and provides fast growth of the industry. This decentralized ledger provides a direct link between supply and demand without any intermediary party. So that, it builds a special platform for AI through three main periods:

• The first platform is the Effect.AI Mechanical Turk. This platform is a marketplace for tasks that require human intelligence. The Mechanical Turk allows everyone to perform their tasks for a fair payment and gives businesses access to a large workforce of human intelligence.

• Effect.AI Smart Market is the second platform that is a decentralized registry of AI services described by a rich ontology. A lot of algorithms can be accessed as a service in a unified manner and has a convenient way to receive payment on this platform.

• A decentralized, distributed computational platform that is provided by the last platform - Effect.AI Power - can run popular deep learning frameworks. Therefore, this Effect AI network will define the future relationship between humans and AI.

EFFECT AI NETWORK TEAM

There are five outstanding programmers in the eight-member-team, including:

• Chris Dawe – Founder - CEO of Choice Energy Corporation and Manager of Project in Itavirus.
• Most of programmers are the members of Itavirus Project: Jesse Eisses, Nico Curylo … with a lot of experiences in programming blockchain.
• A wise advisor team.

EVALUATION THIS PROJECT

1. Strengths

• Transparent and clear public information attracts a lot of great interests.
• The project marketplace is potential. The Effect AI Network is being invested strongly by strong companies and governments. Therefore, in the future, the demand for AI and related products and services will increase.
• The necessary capital is not big. There is a period that tokens will be locked to avoid the spreading out the token. These reasons will make a great motivation for Effect Network team.
• This project is based on NEO platform that is attracting big investors’ interest.
• The Effect AI Network does not create private sales or presale.
• The Effect Mechanical Turk is a peer system, meaning that supply and demand are connected more directly and efficiently.
• Crowd sampling technology allows those who require the creation of jobs that employees can complete in exchange for compensation. When anyone completes one of the Human Intelligence tasks, they are paid through the platform token, EFX.

2. Weakness and Challenge

 At the present, there is no prototype, so that the new ICO is in the reporting period without testing product.
 Their development team is not very strong and lack of experiences. Besides, the advisor team has not been published yet. These are the reasons which can confuse investors.
 There are many big components in Artificial Intelligence, such as Deep Brain Chain (DBC), SingularityNET (AGI), Gem, AdHive, Auctus Amon Faceter, VectorZilla, Shopin, …

ICO INFORMATION

CONCLUSION

The Effect AI Network is a great idea with good hype. However, its human resource is not very strong that can confuse investors. Moreover, if you want to invest in a short-term, the Effect AI Network will be expected to bring you a big interest.

For more information, please visit links below

Website: https://www.effect.ai/
Whitepaper: https://www.effect.ai/download/effect_whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=2737469.0
Facebook: https://www.facebook.com/effectai/
Twitter: https://twitter.com/effectaix
Telegram: https://t.me/effectai
Twitter: https://twitter.com/effectaix

AUTHOR

Bitcointalk Username: Le Thi Hong Ngan
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1320823