The EFFECT Network - decentralized network that provides services in the Artificial Intelligence market.
While academic achievements are available to the public, most AI algorithms are developed behind the closed doors of large corporations. Effect.ai propose a private, decentralized ecosystem called The Effect Network. It operates fully on smart contracts deployed on the NEO blockchain.
The 3 phases of The Effect Network require no fees, have a low barrier of entry and provide fast growth to its users. It runs seamlessly on the NEO blockchain and is fueled by a network NEP-5 token. The effect of this network will define the future relationship between humanity and AI.
Phase 1
Effect Mechanical Turk
The first phase of The Effect Network will be an interactive marketplace for tasks that require human intelligence. A Decentralized Mechanical Turk (M-Turk). It allows anyone in the world to perform a wide range of tasks and receive fair payment. It will give AI developers and businesses access to a large workforce of human intelligence to train AI algorithms. When a worker completes a task, they are paid with with a network NEP-5 token.
Phase 2
EFFECT Smart Market
The Effect AI Smart Market is a decentralized platform where people can offer and buy AI services. This phase is a natural progression of the network. It will be an open marketplace for offering AI Algorithms as a service. This marketplace or exchange is where AI developers with a functional Algorithms can sell, rent or give out its service for a simple and easy payment with the Effect token. Each Algorithm will have its own wallet to allow for easy acceptance of transactions. Also within this marketplace, Algorithms have the ability to communicate and collaborate with other algorithms and and purchase services from each other.
Phase 3
EFFECT Power
The last phase provides a decentralized, distributed computational platform that will run popular deep learning frameworks. The Effect decentralized compute engine is based on popular deep-learning networks like Caffe, MXNet and Tensor flow. We want to distribute the computational power of all AI so there is not this one point of weakness. The Effect network can do this through partnerships with projects like Golem with their Super computer or create the framework ourselves.
Having an open, accessible and affordable platform for intelligent algorithms to operate and develop will be a key component in the coming century. Artificial Intelligence and decentralization are a natural match. Along with the rise of blockchain technology and the surge in the global AI-market this enables big opportunities. The Effect Network effectively combines the two technologies. It will replace a significant portion of the 3.1 trillion USD AI-market by a decentralized platform, giving immediate practical and monetary value. It also has the potential of becoming the breeding ground for emerging AItechnologies and will be at the front of AI emancipation. Registering AI interactions on the blockchain also has benefits for society.
