Meet “Effect.AI”: the platform that rewards you for remotely training AIs!
The future is right around the corner, and we should embrace it
We have all seen in science fiction movies and series, the existence of an artificial intelligence being able to handle complex tasks, with the goals of making our society function in a much more efficient way. The truth is, when it comes to making calculations, our biological brain cannot compete with the superior speed coming from synthetic environments.
Technology is and will always be all around us, it is what makes our modern lives much better in every sense compared to the lives of people from decades and centuries ago, from electricity, to means of transportation, and more recently the digital revolution, technology has always been at the center of every big leap humanity has ever taken, and right now we are in the process of taking the next one.
The only difference thanks to which we have today much better lives than in the past, is not because of better politics or anything related to that, it is because of more advanced technology, which allows us to increase our productivity all around the world, and this has as an inevitable result, an improvement in the quality of life for all the people.
A very common example of this is the internet, we can see today the huge impact the internet has had in human lives for the past 20 years, it allowed us to create a new generations of jobs and incomes through which people can subsist, and are becoming more and more popular with every passing year.
Today, we finally have the hardware capable of running futuristic ideas that have been around for a few decades, the most prominent ones would be of course, virtual reality and artificial intelligence, Effect.AI as it names implies, is about the later.
The importance of Artificial Intelligence for our future
The past few years, we have seen very tangible examples of artificial intelligence providing us useful services in everyday tasks, the actual trend with self-driving cars is only possible thanks to development of artificial intelligence algorithms that are able to interpret the roads, the other cars, and taking into account a huge amount of options, decides what is the best course of actions to reach the destination in a safe way.
But artificial intelligence is capable of much more than that. “One of the ways that AI is expected to reduce the workload for employees is by making the mundane tasks of hiring and recruiting easier”. | Source, the fact is the better the artificial intelligence, the more complex tasks it will be able to do, freeing human of tsaid tasks so we can put our time in other activities that are more important or more pleasurable for us.
Since artificial intelligence can process information much faster than us, it can potentially be the number 1 tool when it comes to figuring out solutions to problems we have yet to solve, besides helping us develop strategies to make productivity in factories be more efficient, as well strategies to improve our overall security, whether it is in the real world with more advanced systems that can provide security measures when bad things are happening (like some kind of disaster), or the digital world by helping with the improvement of security software to protect valuable information.
The fact is, artificial intelligence can improve so many things, that it can be the turning point to a new era of humanity.
Effect.AI potential impact in the AI industry
Effec.AI is a platform in which developers can publish the tasks required to train their artificial intelligence algorithm, and users can find those tasks, complete them, and be rewarded for their job.
Developing artificial intelligence technology is not an easy job to do, the developers need a ton of information to feed the AI with, and getting that information can be quite challenging. What Effect.AI is bringing to the market, will make it so much easier for any team all around the world to make contact with people willing to do those tasks.
The way this works, is that the different developers set the rewards in the form of a certain amount of EFX tokens, and users after finishing the tasks, receive said reward, which can be later exchanged for other cryptos.
A system like this one can serve as an accelerator for the artificial intelligence space, by providing a platform whose objective is making that type of projects move faster towards their goals.
In order to promote quality results when users are doing the tasks, there will be a reputation system that will affect the availability of all the different tasks there might be. So poor results will have as a consequence fewer available tasks for that particular user, and similarly, good results will allow that particular user the opportunity to participate in a larger number of tasks.
Effect.AI potential impact in the world
We can say that, after so many centuries of evolution, we have an intrinsic capability of identifying things, and quickly realize if they can be harmful for us, identifying danger is something key for our survival, and we are pretty good at it.
For example, when it comes to finding a loving partner to have a relationship and eventually having children, a healthy look will always be a requirement in order for the person to be attractive to us, in case you haven’t notice it, think about every person you found attractive and you will realize all of them look healthy.
If we go one step further, we can also know when a person has a certain symptoms of sickness, and if we have the necessary knowledge, we can identify said sickness. The reason we can do this, is because throughout history we have developed a brain that is quite good at identifying patterns, and just as with calculations, in a synthetic environment the potential to properly identify patterns is much higher when compared to us.
This is why, this type of technology could easily be used to identify diseases our eyes can’t still detect. Informing the individual in question of the risk he has, and giving him the opportunity to take preventive measures with the corresponding treatment.
So for example, a institutions like hospitals could use artificial intelligence to help predict which disease will the patient develop in the coming years. This is actually already being done with some diseases, but there is always the possibility of improving things and expanding its capabilities.
Another good aspect of Effect.AI is that users completing the tasks will be immediately rewarded, and even better, the average hourly rate according to their lightpaper is going to be above 9$, which can be considered as a very profitable rate, especially in poor countries where salaries are very small and people are on a constant need for more financial resources, Effect.AI is therefore an incredible opportunity to improve their lives in ways that weren’t possible before. With an hourly rate of the equivalent of 9$ in the EFX token, one person who is serious about this and is able to do the tasks correctly, can easily reach amounts close to 80$-90$ per day, which can end up making unemployment and low salaries a less dramatic problem. In fact, there could be entire families buying their groceries in the future thanks to Effect.AI.
Since this platform is leveraging blockchain technology, it has certain advantages when comparing it to the traditional system, look for example a comparison they provided in their lightpaper, where it is included the average hourly rate that was just mentioned.
Summary
The developing of artificial intelligence is something that can benefit practically everyone, and help us in improving our world.
Yet, this technology has many challenges that makes it more difficult for small teams to access the necessary information required to train their artificial intelligence algorithms, which is where Effect.AI comes to action by providing a platform where any developing team, and any person willing to complete tasks can participate in a cooperative way. The developer gets the information required, and the user will get rewarded for the job done, and in this particular type of people, it can have a direct impact in their lives in case they live in countries where earning a living is difficult.
Because as was showed before, the estimated rewards for completing tasks through Effec.AI will be not only above the market average for this type of work, but also will be enough to allow people in need to help solve their financial issues.
As we can see, this platform can benefit all kind of people, and have the potential of be a key player in the journey of improving our world by leveraging artificial intelligence.
Let’s hope they can succeed at this.
If you want to know more about this project, I invite you to check their website
If interested about how this platforms works and its technical details, you will find useful information in their Whitepaper
And if you prefer to watch videos, make sure to visit their youtube channel
- And in case you still have a question about this project, feel free to leave a comment below and I will answer it.
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It's a very impressive and distinctive platform, my friend
You have spread well to me all my love
Thanks for your kind comment!
I like the fact that you're so very responsive @dedicatedguy
Dope submission man, Effect has always been a crazy advancement in a too-good-to-be-true way. Hope they can pull it off, that would be truly awesome.
I hope so too mate.
indeed. it would be awesome and scary at the same time. dont you think?
Yo decentralizing AI on the blockchain is gonna be very valuable and disruptive. I think cryptos that seek to do this will be very valuable. Effect.AI seems like an awesome project! You should check out my review of Singularity Net (not sure if you have already) and check out Deep Brain Chain. I am a complete bull on crypto AI blockchain projects 😉
Love your video btw !!
I think the same mate, we are still in the early stages so there is a long way to go, but the potential is there. Gonna be checking that review now.
you got yourself new subscriber on youtube :)
I was wondering: where are you from? you sound a bit indian to me ;)
Thanks :)
If I remember correctly you are from Poland right?
I am from Venezuela btw.
your memory is amazing
indeed im from east europe. how come you speak such a good english? most venezuelians I've met are not as fluent as you are.
I wish you would use email. i would love to stay in touch closer with you as I value your work a lot
I think I could speak it better but lack of practice makes the pronunciation a little bit flawed.
I learned the language since I was a kid.
Yeah I have been thinking about writing you an email for a while, will do it later today.
Your review about singularity is a great piece of work. Any idea why AGI struggle so much? their value is so low since beginning of this year
I haven't really researched that blockchain project.
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
They have a telegram channel https://t.me/effectai where people can consult them all kind of things.
One thing people criticized about Effect.AI was the age of some of their members. About dbc, I don't know much about them actually. Couldn't tell you which has more potential.