EFFECT.AI : moving artificial intelligence forward through decentralized network
Effect.ai is from the Artificial Intelligence market which is developing at an exceptional rate, yet it's ending up less
open with every excruciating second. Extensive companies, similar to Google, Facebook and Amazon are pioneers with regards to AI improvement, yet they have likewise determined much of the development away from plain view. Effect.AI proposes an answer by making an open, decentralized system that gives most, if not the greater part of the administrations required for a sound
what's more, available Artificial Intelligence market. This task is known as The Effect Network. This system will supplant a few existing administrations in the present AI showcase. It requires no commissions, has a low hindrance to section and gives quick development to its clients. Effect.AI
means to achieve this by sending the venture in three phase. Source
To take care of a significant number of the issues with the present AI market, Effect.AI proposes a private, decentralized environment for AI improvement and AI related administrations called The Effect System. The Effect Network is intended to give an element finish other option to administrations like Amazon Mechanical Turk, Fiverr, OneSpace and Guru.com. It will work completely on keen contracts conveyed on the NEO blockchain. The Effect Network, as other decentralized applications, specifically associates free market activity without the requirement for an mediator party. To be more particular, The Effect Work will set up the accompanying:
•Accessibility - by specifically connecting free market activity through our smaller scale entrusting phase Effect.Ai Mechanical Turk we empower clients who don't approach substantial datasets or a
huge system to prepare their AI calculation.
• Accuracy - the Effect Smart Market empowers clients and individual applications to discover each other to purchase or offer data. Through this trade, clients can get their hands on information sets with fundamentally higher complexities to prepare their AIs.
• Performance - Users can specifically purchase existing informational collections on the Smart Market or rapidly make their own informational index by asking for miniaturized scale undertakings on the Mechanical Turk phase.
• Interoperability - By running AI on the blockchain and making a standard to which calculations need to go along, we animate interoperability bringing about effective and new knowledge that would be hard to accomplish for single AI algorith.
Impact Mechanical Turk is a private, decentralized, commercial center for work that (for the time being) requires human knowledge. It depends on brought together plans of action like Amazon Mechanical Turk, Fiverr, OneSpace and Guru.com. It's an overall workforce on request. A key distinction with these brought together models is that the Effect Mechanical Turk is peer to peer, which means free market activity are associate straightforwardly and all the more effectively. The group sourcing innovation empowers requesters to make assignments to be finished by specialists in trade for remuneration. The activity offers are called Human Intelligence Tasks or HIT's for short. The supplier of the HIT's are called Requesters. These HIT's are made by any individual who needs the energy of human knowledge to perform assignments that PCs are right now unfit to do. On The Effect Mechanical Turk, when a client finishes an assignment they are paid with the Effect.AI token called EFX. These assignments are depicted and assembled through brilliant contracts on the blockchain.
The Effect.AI Smart Market is a decentralized marketplace where AI algorithms can
exchange their services. Following our data interchange format (and by specifying a usage fee for consumers) an application owner can register on the exchange by specifying a public endpoint for his or her application. This application can now be invoked through smart contracts on the blockchain. The caller of the contract will have to transfer the required funds to the owner of the contract to get an authorization token that allows him or her to interact with the application. Source
Phase 1 and 2 of The Effect Network decentralized the data gathering and usage of AI algorithms. Up to this point, the algorithms themselves still run on centralized servers. In
the final ‘Effect Power’ phase of the network, the actual computation will be distributed
so that the algorithms run globally without a single point of failure. To achieve this, The
Effect Network uses the fact that most machine learning algorithms have rigid structure and operate on sets of weights. These types of algorithms are relatively easy to distribute. The Effect Network decentralized compute engine is based on popular Deep Learning (DL)
networks like Caffe15, MXNet16 , and TensorFlow17 where the network structure can be defined as a declarative graph and weights are stored as matrices of real numbers. These matrices can be distributed over a decentralized file system and be processed at different compute nodes on the network.source
- Effect.ai website
- Effect.ai white paper
- Effect.ai light paper
- Effect.ai youtube
- Effect.ai medium
- Effect.ai facebook
- Effect.ai Twitter
- Effect.ai telegram
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This post serve as my entry into the writing contest by @originalworks. Here is the contest link
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