effect ai.png

The Effect Network is introducing the open platform to decentralized the AI technology. It will provide the Artificial Intelligence service in the market. The project is named Effect Network.

The project is divided into three simple phases. It will not charge any fees to users; there will low entry barrier to allow fast growth of the platform. The Effect network is using NEO blockchain platform to run the core function. The Effect Network will be fueled by the NEP-5 token which will be distributed through ICO. The Effect AI will be concentrating on developing a network that will build the relationship between humanity and AI.

Solution:

The utilization of the blockchain technology allows using the decentralize ledge function. It will be a direct link between supply and demand of the market. The transparency in the platform will increase the popularity between in the community. This allows the network to boost discoverability on the network. The users will experience the high degree of collaboration and data sharing between the agents.

The platform also helps in knowledge sharing in between the users which increase the diversity of the information and provide the affordable AI solution to the users. The cost of the developing AI platform goes down with the instant availability of the information.

The Effect Network has the vision to provide collaborating information sharing platform where AI developer and the companies work together on building their own AI based platform. The AI developer will be assigned the project submitted by the companies. The companies will be paying the project cost to the developer for their contribution. The cost will be paid in term of the token. The developer can use this token for multiple uses in the platform as well as they can sell it on the platform when the price rises.

Benefits:

The decentralize platform allows both the parties connect together without having any middleman. The supply and demand will be fulfilled without taking anyone help of paying any middleman cost. The process dramatically reduces the cost of the development.

Here are some of the benefits that you will enjoy in the Effect Network.

1 ). Accessibility: The platform will be connecting the demand and supply chain together on a single platform to conduct the Microtasking in the platform using the Effect.AI mechanical Turk. The technology will help to run the algorithms easily, faster and at low cost.

The large data set allows the developer to run the algorithm on the platform without spending money on developing their own data set. They can train their AI algorithm to perform a certain task by using existing data set and improve the outcome of the development.

2 ). Accuracy: This is another important factor that Effect network take care of the users. The Effect.AI smart market is developing around exchanging the rich ontology of specialist AI applications. Individual applications are able to find the buy and sell information on the platform easily.

The platform allows the users to use the data sets to run complex algorithm at highest efficiency and train their AI algorithms.