The AI EFFECT has arrived to the Blockchain.

Hi Everyone,

I would like to start out by saying I am a Serial Investor, Entrepreneur. I have looked into several different cryptocurrencies and companies over the years, looking for something that really captures my attention. Technology has many spectrums but I am always looking for ways to improve systems that are already in place. With the introduction of AI without a doubt we can say it has made many our lives easier without us even knowing it. Building a network around this AI system is an energy consuming tasks all by itself. At the end of the day we as humans build the foundation and framework for AI to exists and function. Which brings me to an ICO that really captures my attention and the essence of innovation.

I'd like to introduce you to one of the most innovative use cases for Blockchain that I have seen till date. EFFECT.ai protocol is a game changer, really this time. Due to the Blockchain technology they have tokenized the MECHANICAL TURK industry.

What is Mechanical Turk? With this new Blockchain technology by implementing the Mechanical Turk this will not only benefit the Digital Currencies world, but real world applications as well. Mechanical Turks are essentially Micro task needed for any small or big businesses where a human mind is needed. Micro tasks like arranging database and/or labeling things to their assigned pictures or objects, etc. This is just a few examples of a mechanical Turk.

AI development is one of the most used cases right now for Mechanical Turks. Let’s give an example so you can have a clear image of what a Mechnical Turk will offer the user and what is contributes to the system as a whole.
EXAMPLE OF A MICRO TASKS

Eg. Data Sets for AI – Data Sets are created for AI development, are just one example. Human agents will be given images of, for example, thousands of different animals. Each animal has to be labeled, “Elephant”, “Dog”, “Monkey” etc. This data is fed into the system which allows AI systems to recognize images with letters and are able to learn and distinguish the difference between different objects. So you get paid to perform these tasks. In return AI development gets underway and more applications will be built based using a combination of various data sets, leading from the most simplistic of things to more complex data sets, Human behavior, trending patterns, history of our planet, science data, political, even financial data, the possibilities are limitless. This adds to a more efficient form of learning. Human beings are after all the framework for AI development. And what Effect Platform is trying to achieve is exactly this on a greater scale. The more users on the network the more data sets can be collected.

Below you will see an Illustration of the Process of Submitting Tasks on the Effect Platform. (Resources posted in picture)

Moving forward the Effect Platform will be offering AI Services as well many will be announced when the platform is up and running. This will allow for easy payments and access to AI services within the platform itself. An application owner can register their AI products and/or services on the Marketplace and set a price and usage fee for all consumers on the marketplace. It’s interoperability with other applications allows for more interactions hence financial incentive.
One of the Final stages which is important part of the entire framework to really function as a complete and fully functional AI decentralized, distributed computational platform that can support a deep learning framework. The entire network will be built on top of the NEO Blockchain using Smart Contracts. This network will be fueled by a token called AIX. It will be a NEP-5 using the NEO protocol.

The Diagram below illustrates just how the Effect Platform is looking to decentralize the Global Market for AI which will lower the barrier to entry and be more costs efficient.

Where do we see applications like this currently?

Currently Amazon has a program designed just for this, for which they take a huge portion of the payment given to their workers. The difference between Amazons system and EFFECT.ai is that it creates a new payment system for all these Micro-tasks on a Blockchain, in addition due the tokenization it can create an ecosystem where the middleman is cut off, in the end giving more value to the job doer and job giving.

One of the most amazing things about EFFECT.ai Platform is that will be creating jobs with better payouts and the most important thing, it will be borderless. Any person from any part of the world who is fit to complete a task, can take up on it and get paid. Hence creating a strong demand worldwide .

Here is a chart that shows some of the advantages of Effect Platforms Mechanical Turks Vs. Amazons Mechanical Turk.

EFFECT.ai is just the start of so much more to come by building on top of this platform we can see a whole new industries being born. I see a multi-billion-dollar business & cryptocurrency in the making. Have a look at their team and advisers and see for yourself what lead people they have going for them. The effect of this network will re-define the future relation between humanity and AI as a whole. I really feel that the Effect is Blockchain Intelligence at its best.
I hope this article helped you in your investment decision moving forward.
If you have any questions or comments please leave below. Thank you for your time. Good luck to the Team and its Advisors!

Regards,
Kamal Chulani
Ethereal Investments

For more details on this Upcoming Blockchain Project, check out their Website: https://effect.ai/

Social Media and GitHub Links
ANN - https://bitcointalk.org/index.php?topic=2737469.0
Medium - https://medium.com/@effectai
Reddit - https://www.reddit.com/r/effectai
Twitter - https://twitter.com/effectaix
Facebook - https://www.facebook.com/effectai/
LinkedIn - https://github.com/effectai
GitHub - https://github.com/effectai