The EFFECT Network
Introducing the 3 phase release of The Effect Network
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Phase 1
EFFECT Force
The first phase of The Effect Network will be an interactive marketplace for tasks that require human intelligence. A Decentralized Mechanical Turk called Effect Force. 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.
Phase 2
EFFECT Smart Market
The Effect AI Smart Market is a decentralized platform where people can offer and buy AI services. This phase is a natural progression of the network. It will be an open marketplace for offering AI Algorithms as a service. This marketplace or exchange is where AI developers with a functional Algorithms can sell, rent or give out its service for a simple and easy payment with the Effect token. Each Algorithm will have its own wallet to allow for easy acceptance of transactions. Also within this marketplace, Algorithms have the ability to communicate and collaborate with other algorithms and and purchase services from each other.
Phase 3
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. We want to distribute the computational power of all AI so there is not this one point of weakness. We can do this through partnerships with projects like Golem with their Super computer or create the framework ourselves.
Explainer Video
What is Effect.AI?
How does EFFECT Force work?
A decentralized on-demand, scalable and distributed workforce.
GET RESULT
requester
Load your tasks.
Load your data set you want to use to train
your Al algorithm on The Effect Platform and
create tasks for them. Detemine the reward
in cryptocurrency yourself. Since this is a
decentralized platform, there are no extra
fees.
Retrive results
Retrieve the results from the workers for your tasks and use the results to train your AI algorithm.,
Make Money
Find interesting tasks.
Search on The Effect Platform for tasks and select the one that interests you. Accept the task and follow the instruction. when you are finished, your result will be summited to the blockchain.
Get paid
After the requester approves your results of the tasks, the crypto currency reward tied to the tasks is directly transferred to you on the blockchain.
Tasks will include
A decentralized on-demand, scalable and distributed workforce.
Image Classification
Transcribe Audio
Data Labeling
Train your Algorithm
with EFFECT Force
Tasks on the blockhain defined by smart contracts
As an Effect Requester, you can put tasks on the Effect Force platform to be completed by workers. You can decide how much cryptocurrency the workers will get for each completed task. Next, retrieve the results from the Effect Force platform and use these results to, for example, train their AI algorithm. Effect Force gives you access to an on-demand, scalable and distributed workforce.
Tasks on the blockhain defined by smart contracts
As an Effect Requester, you can put tasks on the Effect Force platform to be completed by workers. You can decide how much cryptocurrency the workers will get for each completed task. Next, retrieve the results from the Effect Force platform and use these results to, for example, train their AI algorithm. Effect Force gives you access to an on-demand, scalable and distributed workforce.
The Effect Network in Action
The Effect Network will maintain a decentralized exchange with a pool of tokens to provide liquidity, encourage adoption of The Effect Network and stabilize network fees. This pool is called the Galaxy Pool and consists of a mix of EFX, NEO and GAS and possibly other tokens. Several rules will drive the Galaxy Pool towards an equilibrium balance. These rules can later be refined by means of governance.
The Galaxy Pool ensures stable exchange rates for users of the platform at all times. The Galaxy Pool is not suitable for day traders, as only Galaxy token (G-token) can be bought or given to platform requestors and can not be traded off the platform. The G-token is converted into regular tradable token by spending it through an Effect service contract. These are the service contracts from the tasks and service registry. This protects the Galaxy Pool from external manipulation and keeps exchange rates stable for workers and service providers.
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://effect.ai/network
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Hi
I just had a chance to read your post fully. little bit to late to be able to upvote. sorry
Really good piece of work. Im following all originalworks contenst and I know that this is second time they want people to write about effect.ai.
competition seem to be fierce and I must admit that your post is one of my fav so far.
You mind if i would ask you few questions?
cheers,
piotr
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obviously followed :)
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