25 years ago, AI’s application was first used to develop the Deep Blue system. And for the first time, human intelligence was officially defeated by machines and it was the world chess master at the time — Garry Kasparov. But this does not prove that AI can solve problems in real life and it was quickly forgotten.

However, the possibilities of computing and computer programming increasingly growing and the amount of data growing over 25 years ago has become the foundation for developing AI technology today. A series of products have been applied AI and opened a future of “intelligent of things”, from Google search engine, Amazon’s Alexa voice assistant, smartphone’s facial recognition technology to the home appliances, even in the field of traffic with self-driving or unmanned aerial vehicles.

Although there is great potential, AI still has a long way to go to address more complex actions such as hand-eye coordination, artwork and artisanal activities, or creative actions. We are only in the early stages of this technology and the new potential of the AI will bring more changes expected.

Due to the potential of artificial intelligence too attractive, this field has attracted the attention of many investors and large corporations(Google, Microsoft ,Amazon) over the years. The market is constantly growing and is expected to reach about $ 60 billion by 2025, according to Statista.

However, there’s a problem that’s only a handfull of large corporations are developing AI and behind closed doors leaving the futures most defining technology in their control.Effect.Ai is the answer, which is a potential solution to the remaining problems of the AI market.

WHAT IS EFFECT.AI?

Effect.ai is designed to change the artificial intelligence market by create marketplace base on blockchain technology and powered by NEO. Here, you can request or perform tasks for the development of AI or exchange everything related to AI. The EFFECT Network consist of 3 phrase:

Effect Mechanical 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.

Effect Smart Market: Effect Smart Market is a distributed AI market where people can provide and purchase AI services or learning algorithms or machine learning. An application owner, for example, can register his or her AI product and specify a price or usage fee for the consumer. AI products are available to anyone on the exchange through smart contracts.

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.

WHO BEHIND THE PROJECT?

Effect.ai is developed by a team of 18 core members with extensive experience in the areas of artificial intelligence, programming and blockchain.

Chris Dawe, CEO Jesse Eisses, Laurens Verspeek (Director of Development) and Nick Vogel (Design and Interact). Dawes is an expert in business systems management and operations and has 18 years experience as a project manager and entrepreneur. There is also an extremely well-known and experienced mentor team in the field of artificial intelligence:

Charlie Shrem: Legendary entrepreneur Charlie Shrem is widely recognized as an authority when it comes to blockchain tech. By leveraging his experience and connections in the industry, Charlie will help launch The Effect Network as a leading platform for artificial intelligence.

Tony Tran: CTO and co-founder of innovative housing rentals platform The Bee Token, will use his background in artificial intelligence and blockchain technology to add tremendous value to Effect.AI and its plans for an open and decentralized AI platform.

Sally Eaves: Sally combines a depth of experience as a CTO, Practising Professor of Blockchain, Founder and Global Strategic Advisor, specialising in the application of disruptive technologies for both business and societal benefit. Sally has joined Effect.AI as an Advisor after recognizing its potential for positive change.

Steven Deurloo: Steven Deurloo is an experienced financial Advisor who has been with Effect.AI since the early stages of development. With degrees in both law and economics, Steven brings a wealth of experience to the table when it comes to finance, contracts and legal structures.

EVALUATE OF EFFECT.AI PROJECT

Advantages:

The idea of the project is quite good. The project is expected to establish a relationship between humanity and artificial intelligence.
Effect.ai owns a team of creative, experienced developers and consultants in the field of artificial intelligence, blockchain technology and business. This is one of the factors that determine the success of the project.
With Effect.ai, people can exchange and purchase services and algorithms easily and quickly.
The network of Effect.AI is available to anyone anywhere because there is no centralized side that restricts access.
Effect.AI is a decentralized platform with no centralized control over transactions and data, so your data and money are always safe.

Disadvantage:

Effect.AI’s biggest obstacle is the fierce competition from large corporations such as Google, Microsoft, Amazon, etc.

ICO INFORMATION

The EFX token will be a utility token that operates fully on smart contracts deployed on the NEO blockchain.

Start Date: March 24th11am CET

End Date: 18 days after start date

Soft Cap: € 4,280,000

Hard Cap: € 14,820,000

Bonus: 10% For the first 2% of tokens

Minimum Contribution: € 50

Maximum Contribution:€ 25,000

Accepted Currencies: NEO, GAS

Maximum Supply: 650,000,000 tokens

Token allocation

Use of proceed

CONCLUSION

With strong, experienced, enthusiastic and highly experienced team. Effect.aipromises to be a bright spot in the field of artificial intelligence is hot today. The combination of unique features, transparency of the blockchain technology and the future development of artificial intelligence will bring Effect.aito a far higher development, surpassing the biggest competitor and brilliant success. Effect.aiis a very promising and worthwhile investment. Join now!