EFFECT.AI: THE FUTURE OF ARTICIAL INTELLIGENCE

currysonlyson (50)in #originalworks • 7 years ago (edited)

“It's amazing how a little tomorrow can make up for a whole lot of yesterday.”

The future is scary. With all the dystopia thoughts going around, it is all too easy to picture a future where, according to George Orwell, our faces are getting stamped by boots—forever!

But it is also possible, to imagine a future where our whole lives are easier. Where our fates are not controlled by these boot-stamping dictators!

The decision, even though sometimes it doesn’t seem like it, is ours. And now is the moment we choose—to control our future or be controlled!

EFFECT.AI

It is no secret that the future is Artificial Intelligence. Over the years A.I has developed into a very efficient means of getting things done. Not only can they perform various tasks impossible for human beings, they can also do this in a significantly short amount of time. They have adjustable parameters, can work under a wide range conditions, and they can multitask, among many other advantages.

It is no surprise then, that in the future we are expected to move towards a more AI-based labor force. A fact that can save us so much resources and minimize costs. But, of course, it is a well-known fact that AI is expensive—but what if I tell you that thanks to EFFECT.AI, it doesn’t have to be.

There are a few reasons why AI is costly. It requires major tests and major capital investments, but what if I told you that the major reason behind the hugely exorbitant cost are the centralized organization behind them? These are the boots that stamp our faces. But NO MORE! Thanks to EFFECT.AI we finally have a decentralized network for accessing AI technology.

EFFECT.AI HAS LAUNCHED

a project introduces an open, decentralized network that provides services in the Artificial Intelligence market.

Meaning you and I are finally able to tap into a DECENTRALIZED system for our AI needs.

ADVANTAGES OF DECENTRALIZATION FOR AI

With Effect.AI users finally have a chance to connect with a decentralized ecosystem for the activation/launch/ development of their projects. With a large connection of AI experts and enthusiasts around, projects and tasks can be sourced out, thereby reducing costs and stress, and providing a perfect system for future cheap project launches.

Another advantage of a decentralized network, of course, is the creation of a marketplace for cheap purchases/launches of AI projects. And because this connection is easy and highly accessible, logistics costs is brought down, and project is optimized. Everybody wins.

Project scalability is another advantage that cannot be over emphasized. Thanks to the decentralization brought about by EFFECT.AI a high level of scalability can be achieved by tapping into a distributed computational platform that will run popular deep learning frameworks backing your projects, and this will not only save you costs, but will allow your focus to be directed on even more major innovations, instead of spending huge time and resources fixated on petty problems.

Accessibility is also another advantage. By linking supply and demand through the Effect Mechanical Turk—more on that later—users enjoy access to a lot of tools, datas etc. Users can also

enrich their existing datasets by purchasing services from algorithms on the ESM or they can setup a new datasets by creating micro-tasks on the EMT platform
--The Whitepaper

Interoperability between users is another advantage.

THE EFFECT NETWORK

And Like I mentioned, all these are made possible by the project EFFECT NETWORK launched by EFFECT.AI.

THE EFFECT NETWORK will solve the challenges posed by the implementation of Artifical Intelligence, and offer a lot of advantages as mentioned earlier, and it will achieve this via three phases:

EFFECT MECHANICAL TURK
This is the first phase. In this phase the Mechanical Turk system will be used to send out tasks globally, to relate with users, and carry out tests, thereby creating a test environment for products. This, of course, cuts cost and improves accessibility by a mile!
EFFECT SMART MARKET
This is where the second advantage comes in. Now your project is done; instead of wasting your time, cash and other resources on advertising and seeking markets, here is one provided for you by the Effect Network, with both small and large business enterprises also willing to take the advantage and save up on logistics.

EFFECT POWER
This is where scalability comes into place. Here EFFECT.AI by providing a decentralized distributed computational platform that will run popular deep learning frameworks. Here all computational power will be distributed so that there is no single point of weakness. This is achieved through creating a framework, partnership with companies like Golem.

AI could contribute up to $15.7 trillion to the global economy in 2030."

PwC. 2017. Sizing the Prize.

EFFECT.AI TOKEN SALES

There will be an EFFECT.AI token sale that will begin on the 24th of March, 2018, and end eighteen days after the launch, which is 11th April, 2018. The soft cap is set at € 4,280,000 while hard cap is set at € 14,820,000. There will be a bonus 10% for the first 5,200,000 tokens that is 2 % of token sale.

The minimum contribution is € 50 while the maximum contribution is set at € 25,000. The accepted Currenciesare NEO and GAS.The maximun number of EFFECT.AI token to be offered are 650,000,000 tokens.

The distribution details are as follow:
Distribution details
40%
Public Token Sale

20%
Future Funding

16%
Platform Incentives (Galaxy Pool)

15%
Effect.AI Team

7%
Partnerships & Advisors

2%
Bounty

The Team (FRIENDS AND ADVISORS)

Charlie Shrem
Advisor

Legendary entrepreneur Charlie Shrem is widely recognized as an authority when it comes to blockchain tech. By leveraging his experience and connections in the industry, Charlie will help launch The Effect Network as a leading platform for artificial intelligence.

Tony Tran
Advisor

Tony Tran, CTO and co-founder of innovative housing rentals platform The Bee Token, will use his background in artificial intelligence and blockchain technology to add tremendous value to Effect.AI and its plans for an open and decentralized AI platform.

Sally Eaves
Advisor

Sally combines a depth of experience as a CTO, Practising Professor of Blockchain, Founder and Global Strategic Advisor, specialising in the application of disruptive technologies for both business and societal benefit. Sally has joined Effect.AI as an Advisor after recognizing its potential for positive change.

Steven Deurloo
Advisor

Steven Deurloo is an experienced financial Advisor who has been with Effect.AI since the early stages of development. With degrees in both law and economics, Steven brings a wealth of experience to the table when it comes to finance,

The EFFECT.AI team

Chris Dawe -- CEO
Jesse Eisses-- CTO
Nick Vogel--CCO
Pieter Huige -- COO
Laurens Verspeek -- Chief Architect
Sjoerd Dijkstra -- Software Developer & AI Specialist
Nico Curylo -- Software Developer
Jeffrey Hamer -- Software Developer
Terry Bommels -- Software Developer
Polina Boykova -- Social Media Manager
Casper Wattimena -- Online Marketing Manager
Dimitra Kassari -- Project Manager
Roelf Kromhout -- Copywriter
JJ Melkert -- Video Producer