The Time Traveller
Imagine if time travelled forward from the 1970s to this date and a middle aged woman is accessing Facebook for the first time. She would probably find several things shocking and have lots of questions. How did the facebook application automatically pull up her lists of friends? How was it able to know the things she found appealing? You who have lived in this time would probably feel smug and reply, ‘it’s a new technology.’
You would be wrong, completely so. There’s nothing new about Artificial Intelligence which is simply the intelligence displayed by machines. Now, imagine our time traveller from the first paragraph would be totally flummoxed by this. How can machines, inanimate objects possibly display intelligence?
Artificial intelligence is not the future. It can’t be because it’s already here.
The human brain is made of millions of specialized cells called neurons with unique interconnecting synapses that ensure information storage and transfer. The brain is awesomely designed and equipped to recognize, store and transfer information. For a long time, science has tried to mimic this unique human intelligence. They have succeeded to some extent with artificial ‘machine’ intelligence which can be expansively defined as a machine’s ability to assess its environment and respond to it appropriately.
It is nothing new.
Facial and voice recognition technology, self driving cars and image translation applications make use of artificial intelligence powered by advances in Machine Learning (ML), Computer Vision (CV), and Natural Language Processing (NLP) research.
What is new?
What is new is decentralized artificial intelligence. This is artificial intelligence based on the matchless and very secure blockchain technology. With this innovation by Effect.AI powered by NEO, artificial intelligence will no longer be an obscure, mysterious, sci-fi fantasy, but a groundbreaking technology accessible to all.
EFFECT.AI
The first decentralized platform for artificial intelligence, Effect.AI plans to present artificial intelligence on an open, secure and liquid blockchain based environment.
Artificial intelligence is rapidly taking over the human workforce and big corporate establishments are investing keenly in a technology forecasted to be worth approximately 15.7 trillion dollars by 2030. Effect.AI is concerned that the artificial intelligence market is accessible by only a privileged few. They plan to bring the technology to the masses on a private, decentralized, free and direct platform. The Effect network platform will undergo development in three stages.
• Mechanical turk
• Smart market
• Power
There are obvious advantages to the ‘human intelligence imitating’ nature of artificial intelligence. Not the least being the accuracy of information gathered and the speed of work. Yet, they are many problems plaguing the artificial intelligence market.
One of the major problems is in the area of data processing. It is difficult for machines to respond like humans and process output. The machines are also unable to recognize and respond to different kinds of tasks at a time. In addition, the cost of artificial intelligence research and processing cannot be overemphasized.
The blockchain platform erases the line erected by big corporations between artificial intelligence and the people who could benefit from it. The decentralized nature will ensure easy access to algorithms and information between people. Without a need for a middleman, decentralized artificial intelligence could become accessible, cheaper and secure.
The decentralized network also advocates for a peer to peer sharing, making information transfer faster, more accurate and cheaper. Through this medium, developers can easily reach out to the workforce, ‘teach’ their algorithms and pay the workers. A decentralized network also allows for peer to peer interchange of and an increased access to algorithms, enhancing information flow and broadening the scope of artificial intelligence even further.
The three steps of development of the network brings order and growth to Effect network. Payment becomes easier and faster as it is powered by the EFX token.
Effect.AI network platform is powered by NEO. Their outreach and established technical and man power bolsters publicity and growth of the platform. In addition, the NEO blockchain technology is free and has a high speed and very secure transaction platform. The lack of charges of every transaction ensure that workers are paid considerably more during Mechanical Turk.
The three stages of development:
Mechanical Turk
The Mechanical turk is a digital marketplace that serves to bring individuals to help machines do the work that require human intelligence. The requests are known as Human Intelligent Tasks (HITs). Employers or requesters in the first stage of Effect.AI development posts these jobs on the decentralized blockchain. The workers can then search jobs to perform these tasks in exchange for payment by the employer. The information from this stage will instruct the artificial intelligence device how to perform these tasks, through the EFX token, mediated through the blockchain technology provided by NEO.
Some of these jobs might include classifying road signs in images, picking out photographs etc, depending on the algorithm. Completion of these tasks will ‘instruct’ the device and lead to the progression of the algorithm to the next stage.
Effect Smart Market.
Following the progression from the Mechanical Turk stage, the algorithms will be ready for the smart market where companies and developers will have access to the artificial intelligence services in exchange for payment through the EFX token. The developers or owners of the algorithm will be compensated directly every time their algorithm is used.
Effect Power
One of the problems plaguing the traditional artificial intelligence outlook has been effective and efficient power. The decentralized network provided by Effect.AI has been able to circumvent this problem through Effect power. This last stage will power every step of the process.
To further ensure a seamless user experience, the Effect decentralized network comes with its own token, EFX and wallet.
Competitive advantage.
The Effect.AI exerts a wide range of competitive advantage over her competitors by being the first decentralized network. It is cheaper, more accessible and offers developers and users an array of algorithms to choose from due to it’s being built upon the blockchain technology. Where other corporations has just the Mechanical Turk where employers employ a global workforce to teach the algorithms, Effect.AI takes it two steps further by providing an Effect smart marketplace and power all in one platform making the experience convenient for the user.
Social and economic impact of a decentralized Mechanical Turk
• A decentralized Mechanical Turk affords the following advantages:
• Cheaper services due to the elimination of a middleman.
• Easy access to jobs by workers.
• Seamless mode of payment through the EFX token and wallet.
• Its peer to peer nature eliminates the need for a middleman and improves efficiency.
• Convenience in posting jobs, selecting the workers and completing payment.
• Since it’s based on the blockchain technology, it is far more secure than traditional Mechanical Turks.
• The galaxy pool is a storage pool of EFX and native tokens located on the platform to provide liquidity. This will make it easy for workers to exchange earned EFX tokens. It also helps to prevent fluctuating exchange rates.
• Through the Effect reputation score, a database on ‘work history and quality’ can be maintained that makes it easy for employers to hire the right workers for a Mechanical Turk.
• Despite the open, decentralized nature of a network based on the blockchain technology, the Effect network has measures in place to ensure privacy where necessary.
A cheaper, decentralized network, eliminates the obscurity and privileged position enjoyed by big corporations who have controlled artificial intelligence up till now. With an open, direct platform, developers and users will have a greater economic advantage over their algorithms.
An open, decentralized platform unlocks the economic potential and practical value of artificial intelligence.
Who benefits?
• A decentralized network provides a win-win situation for everyone as both the requesters and the workers benefit economically and practically
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• The workers benefit by having easier access to different jobs posted on the platform by requesters. The presence of a wallet and an EFX token makes payment and access to their funds even easier. Through the Galaxy pool, they are able to exchange their EFX tokens.
• Through the Effect reputation score, workers are also repaid for their efforts based on the quality of service rendered.
• As for the workers, they have an easier access to the pool of a global workforce. Selecting workers based on age, reputation and gender becomes even more seamless as they are able to take advantage of the advantages the Effect network provides.
• The requesters are also able to pay workers more easily for their services.
• Following the Mechanical Turk, requesters are exposed to a large pool of artificial intelligence related services and can sell these on the smart market, receiving the due recompense for their efforts without the added cost of a middleman.
• The Effect.AI smart power further increases the efficiency of the process.
Now if our time traveller from the first paragraph wonders how big corporations are able to access her details, you might be able to give more than a quip reply. The effect network provides a decentralized, open and less expensive platform that affords economical advantage to both workers and requesters while eliminating the shroud that has encompassed artificial intelligence for so long.
Disclaimer- I am neither an employee of, an advisor to, or in anyway affiliated with Nexo. Information presented here serve an academic role only.
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