OVERVIEW
One of the biggest problems currently facing the development of AI is the fact that most algorithms are developed by large corporations. As a result of this, there is reduced operability between various algorithms, making the AI environment as a whole non-cooperating. People who need results or data sets pertaining to these algorithms struggle to find it or end up having to pay a premium for it. People who want to self-train AI also contend with these problems and, overall, it is a very expensive endeavor.
The EFFECT NETWORK was built on top of NEO to tackle all these problems. With Effect, people who need AI data no longer need to go through third parties, cutting out the pricey commission, and long wait periods for verification and payments. The network is split into 3 phases and Effect Network will use these phases to provide the necessary infrastructure.
The Effect Network will work completely on brilliant contracts sent on the NEO blockchain. The objective will be to give most, if not the majority of the administrations important for a sound and open manmade brainpower showcase.
The system requires no commissions, has a low boundary to passage, and is part up into three unmistakable stages: Mechanical Turk, Smart Market, and Effect Network, the points of interest of which are portrayed underneath.
PHASE 1
EFFECT MECHANICAL TURK
This is a private, decentralized commercial center for work that requires human knowledge. It depends on unified plans of action, for example, Amazon Mechanical Turk, Fiverr, OneSpace, and Guru.com. In any case, the key contrast for the Effect Mechanical Turk is that it is shared, associating free market activity all the more effectively.
Requesters can make assignments called Human Intelligence Tasks to be finished by laborers in return for remuneration. These assignments are portrayed and aggregated through brilliant contracts on the blockchain.
PHASE 2
Effect Smart Market
The second phase is a marketplace connecting app owners seeking an algorithm to teach their program a specific task and AI algorithms proven and built by developers.
For example, say I’m an online store owner, and I would like to develop a computer program to track my customer’s behavior in my store. Then based on that I want to offer them the right products with the highest yield, I could use the future Effect Smart Market and purchase the right AI algorithm for my needs.
Following their data interchange format (and by specifying a usage fee for consumers) an application owner can register on the exchange by specifying a public endpoint for his or her application. 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.
The exchange protocol can be built directly onto the Effect.AI interface where the agents receiving EFX tokens are the ones supplying AI algorithms, and the agents providing EFX tokens for these services are the Requesters. The Effect.AI Galaxy Pool performs its role in the background to assure liquidity (for more details about the Effect Galaxy Pool see below). For example, we can take an agent that has a combined system of 4 AI parts and has one AI part missing; the existing AI network can improve the availability of the missing AI part.
PHASE 3
EFFECT POWER
The calculations still keep running on concentrated servers. The last 'System' period of The Effect Network will put these calculations on the blockchain, so they are running on a worldwide scale through the NEO blockchain.
OPENINGS
A considerable measure of Human Intelligence Tasks can be performed by individuals without particular aptitudes. Accordingly, even the unbanked in any nations can take a shot at The Effect Network while they can't turn into a laborer on other concentrated stages since they don't have an approach to get remuneration.
As indicated by the group's projection, laborers on The Effect Network can win $9/hour by and large while they can just win $2/hour on current concentrated stages.
The undertaking is eager however is a legitimate advance. The change from stage 1 to 3 bodes well and each stage expands over the past one. EFX tokens ought to have a lot of use notwithstanding when just stage 1 is propelled.
20% of aggregate token supply is bolted up for year and a half with the end goal of a future token deal. This is a positive sign as it demonstrates that the group (1) has motivator to gain ground and keep token value high, (2) has a long haul sense of duty regarding the task.
CONCLUSION
By and large, we are unbiased about the ICO's flipping potential however like its long haul potential. Our musings on purchasing the tokens for flipping and contributing for the long haul are as per the following:
For flipping
Unbiased. The thought is incredible and the hard top is low. Be that as it may, the group won't effectively contact trade for the posting of EFX tokens. Considering that EFX is a NEP-5 token which not very many trades show, it may experience serious difficulties producing liquidity at first.
For long haul holding
Great. The task has a great deal of potential even with simply the main stage finished. By taking out the broker, laborers can win generously more and get installments in a flash with the utilization of cryptographic money. On the off chance that effective, this venture can give bunches of genuine advantages which we especially bolster.
This is an @OriginalWorks contest after all
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