Imagine a world where most of your daily routine task will be taken care of without you bothering about them? Imagine a world where you can only focus on what is important and be rest assured that other less important things will be taken care of? Imagine a world with Artificial intelligence(AI).
Artificial intelligence(AI) is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning (the acquisition of information and rules for using the information), reasoning (using the rules to reach approximate or definite conclusions), and self-correction. Particular applications of AI include expert systems, speech recognition and machine vision.[http://searchcio.techtarget.com/definition/AI].
AI has been in existence for some time now as we have witnessed AI in phones, electronics,autonomous vehicles, biotechnology etc. Since AI's are human intelligence and are dependent on acquisition of information to be able to function properly and give accurate result there is need to have a well developed system to be able to offer the best and trusted AI system. Effect.ai is already building a system using blockchain. Let's find out more about Effect.ai
What is Effect.ai
Effect.ai or The Effect Network is a decentralized network for artificial intelligence, powered by NEO blockchain.
Watch Effect Network Intro Video
The Effect Network is a decentralized network that provides services in the Artificial Intelligence market. Effect.ai want build an AI system that will require no fees, have no low barrier entry and still provide the users with fast growth, to make things easy and simple they divided it into three phrase
- Phase 1
Effect Mechanical Turk (EMT)
The Effect.AI Mechanical Turk (EMT) platform is a decentralized, peer to peer marketplace for tasks that require human intelligence. It provides similar features as centralized services like Amazon Mechanical Turk6, Fiverr7, Crowdsource8 and Guru.com9. It is a crowdsourcing technology that enables Requesters to submit tasks that can be completed by human agents in exchange for compensation.
Workers can accept tasks from Requesters at any time, anywhere and from any device. The tasks are called Human Intelligence Tasks (HIT). The providers of the HITs are called Requesters. When a Worker completes a HIT, they are paid with cryptographic EFX tokens.
- Phase 2
Effect Smart Market (ESM)
The Effect.AI Smart Market (ESM) is a decentralized marketplace where AI algorithms can exchange their services. An application owner can register on the exchange by specifying a public endpoint of his or her application, following our data interchange format and specifying a usage fee for consumers. This application can now be invoked through smart contracts on the blockchain.
The caller of the contract will have to transfer the required funds to the owner of the contract to get an authorization token that allows him or her to interact with the application.
- Phase 3
Effect.AI Power
Phase 1 and 2 of the Effect Network decentralized the data gathering and usage of AI algorithms. Up to this point the algorithms themselves still run on centralized servers. In the final phase of the network the actual computation will be distributed so that the algorithms run globally without a single point of failure.
To achieve this we use the fact that most machine learning algorithms have rigid structure and operate on sets of weights. These types of algorithms are relatively easy to distribute.
What Makes Effect.ai Different To Other AI Systems?
- Accessibility
- Accuracy
- Performance
- Interoperability.
Effect.ai have scheduled their ICO for the sale of their EFX token you can participate and join in the upcoming Crowd-sale
Token Sale Information
Learn More About Effect.ai:
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Note: This is not a financial advice I am just sharing my personal opinion on ICO's. Do your own research before getting into any ICO. Investing in ICO is risky and you could lose your money.