Effect: Decentralised Network for Artificial Intelligence that could also change lives.

in #cryptocurrency6 years ago (edited)

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INTRODUCTION

Trying to Win the War Against Poverty and Hunger.
At the start of the 21st century, world leaders gathered at the United Nations to get a clearer direction about how the menace of poverty and hunger among others, would be tackled. These in time, became to be known as the Millennium Development Goals (MDG’s). By drawing up these plans, it was hoped that poverty and other ills outlined would have been a thing of the past by 2015. Indeed, the level of poverty was reduced to less than a billion, but the number of people below the poverty line is still huge. Keep in mind that there are millions-if not billions of people who are not necessarily in this category, but are still looking for a way to improve their lives.

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Source:Wikimedia Commons

Artificial Intelligence and the Future: Human and Machine Working in Harmony
Artificial Intelligence (AI), can be said to be a form of intelligence similar to the the work and reactions displayed by humans, howbeit, this is demonstrated by machines or created consciousness. AI is basically all around us in the world as we know it today. Think of your smart cars, smartphones, smartwatches and other smart devices in your possession; most of these are a reality today, thanks to AI.


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Source:Wikimedia Commons

However, this is being controlled by a few and are also costly to procure. Many individuals that wish to have access to AI to meet their individual or corporate needs are hindered by these huge corporations.

For AI to be effective, there is still a need for some tasks to be performed by humans, such as data entry/processing, and other obstacles that can surface in the development of complex algorithms, such as a need to interact with the outside world.

Solution to the Problem: Effect.AI and their service, Effect Force
Effect.AI has created a revolutionary service based on the decentralized economy, which they call The Effect Network.

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The Effect Network is an AI development platform/marketplace that is accessible to anyone anywhere, and at anytime. It is based on the NEO(a smart contracts ecosystem, similar to Ethereum) blockchain. Being blockchain based allows for transparency and the possibility of a shared cost, thus reducing the costs involved for companies.

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Three phases have been proposed for The Effect Network, and all three do not require payment of any fees. Requirements for entry are also low, and users have the ability to grow pretty quickly.

Phase One evolves around The Effect Force (Decentralised Mechanical Turk).

Phase Two would see the introduction of the Effect Smart Market (ESM), which will be an avenue for users to purchase and also offer AI services. AI developers are also allowed to rent out their services. In turn, they can receive payment via the Effect token.

And Phase Three would have to do with Effect Power. This would allow for the running of popular deep learning frameworks.

For the purpose of this article, our focus is going to be on the Effect Force (Decentralised Mechanical Turk).
The Effect Mechanical Turk (EMT) is a P2P interactive marketplace, where users will be required to carry out certain tasks put up by Requesters. Anyone anywhere can complete tasks related to AI and receive fair payment. This payment is instant, and it is effected via a NEP-5 token (EFX) on the network. Seeing it is peer to peer, no intermediary is needed.

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Companies buy Galaxy EFX tokens (G-EFX) which would be swapped for services on the marketplace. This G-EFX is converted to EFX, which is what would be used to pay workers for tasks completed.

Having a fair payment system where users are rewarded instantly is beneficial to EMT, because this has a user retaining effect. Seeing payments (EFX) are substantial, workers can see the results of their labour real time. This would in turn reinforce their belief in the system, and would get them believing that this could actually be a source of livelihood for them. Thus, they will keep on coming back and this will have positive effects on the platforms sustainability.

Think about centralised marketplaces such as Upwork, Fiverr, and Freelancer, howbeit, without the middle man.

A reputation score would also be used on the marketplace in order to avail the best workers available to Requesters. Obviously, workers with higher scores would be exposed to more opportunities than those with lower scores. They will also pay less fees over their received EFX tokens. This score would expire after some time.
The tasks workers carry out on the platform are called Human Intelligent Tasks (HIT). See the diagram below for more insight.
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A demo can be seen in the video below:

Real World Application
There is a Chinese (contested) proverb that says,

Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime.

Using Nigeria as a case study (which I am originally from, so I should know): Every year, a lot of young adults pass out from colleges and universities, only to join the pool of active job seekers in the market, hoping for a change in fortune.
Is it that they are lazy?
Well their counterparts (fellow Nigerians) in the United States are the most educated, and are some of the best paid professionals nationwide.

The problem has to do more with an enabling environment. Seeing the government is failing the people, alternative solutions would really come in handy to provide a source of income to people such as these. It is the same scenario playing out in many developing countries.
The middle class and lower class especially, keep on getting larger.

It's foolishness to keep on trying the same approach, and expecting different results.
Just maybe, a possible solution lies here? This is an example of a gap that Effect Mechanical Turk can fill.
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AI’s need human interaction to use as a basis on how to function and react, real time. Humans will always be needed to effect tasks such as labelling bounding boxes and detailed landmarking.

SuperBots, a company that’s into the creation of chatbots recently got into a partnership with Effect.AI to make use of the Effect Mechanical Turk platform. They need users to interact with their bots, and also to provide data which would be used in simulating realistic scenarios such as identification. Interactions are monitored, and seeing this is being done by a significant number of people, SuperBots can use this valuable information that is spread over a wide base to improve AI-human interaction. Thus, when the product/service is released, acceptance from the public is likely to be higher, seeing they have already carried out extensive tests behind the scenes; they are able to harness the power of the people at a lesser cost, and also finding a large pool of people ready to carry out such tasks within a limited time frame. With the company having total control over what they envisage to achieve, this becomes a win-win situation for all parties involved.

This would also be a reoccurring process, seeing testing and implementation of improvements never ends. Human intelligence will always be need to improve on flaws.

Having such a huge pool of users to handle tasks, would give individuals and companies in the Artificial Intelligence sector an opportunity to train AI algorithms. This would be beneficial in many ways as we have seen. They are spoilt for options, they have some control over cost, and seeing payments are fair to both parties, this would also help with respect to scaling and growth.

CONCLUSION

Centralised solutions to the problem of unemployment in the world are a channel for effecting change, imagine how good a decentralised solution would be-more money in people’s pockets and less time spent to complete them, seeing they are micro tasks.

These might just be the one of the true solutions to ending global poverty and hunger. It might take a bit of time to catch on, but good news does spread like fire, and who knows, we could see partnerships with governments and non-governmental organisations, in the near future.

THE TEAM

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ROADMAP

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SIDE NOTE

The onboarding process for partnerships is currently ongoing, and it is projected that the alpha version would have thousands of tasks every day, when it is launched.
Pre-registration for Effect Force (the decentalised Mechanical Turk marketplace, is currently open exclusively for Telegram users. To be a part of this, kindly go to the Telegram Group here, and click on the pinned message.
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You can watch the videos below for more insight.

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very goog article. subscribed.

Thanks mate

This was good! You deserved the win! Congrats man

Thanks a lot mate.... Truly appreciated :)

Solid post man.
Great to see people reference Naija.
Well deserved win.

Don't be a stranger!

Thanks a lot bro. Words are appreciated. Would check out your blog in a bit. Cheers

Glad to see a Nigerian winning these contests!
Proud of You sir!

Thanks for your kind words, mate. Hopefully, you get to the top soon, as well. Cheers

No doubt why you win. You really deserved it! A Big Applause sir 👏👏👏

Thanks for your kind words, Ryan. Hopefully, your turn is coming. Cheers

Cheers! I salute you solcross! You are a very good writer and I see your future, it would be a wonderful and great future because of your hardwork. I like you solcross you are a humble person.

You are far too. Kind. Would be great to have you around. Keep in touch. Cheers

Im glad to see that you're not only a good author but you're also responsive.
Once again: really great piece of work. Myself Im a big fan of AI which i also found very scary.

Obviously followed :)

Haha... Thanks mate... Following you too. :D

Indeed it is!

Congratulations from Venezuela on the South American continent. Your article was very complete, brother.

Thanks for your kind words, brother... Truly appreciated. Cheers :)

Excellent, first place congrats !

Thanks mate :) appreciated

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?

  1. it's not easy to purchase effect.ai. which exchange would you recommend as reliable and safe?
  2. do you think that effect.ai will be more successful as a marketplace comparing to dbc? any thoughts?

cheers,
piotr

Hello mate,
Thanks for dropping by all the same :)

switcheo.exchange is the recommended option (by Effect.AI as well)

If I'm not mistaken, switcheo is the biggest neo dex around.

I think works are in the pipeline for listings to go mainstream, but as usual it takes time.

With regards to the other question, I feel it's still a bit too early to tell. I signed up for the pre-registration, and I believe I'll have a better idea when I've had a feel for it. But with regards to putting things in place, they have a great team, just that I feel there's usually a bit of delay with their execution. But then, things hardly go so smoothly in stuff like this.

Cheers mate.

Wow. what an impressive and valuable comment.

Thank you buddy, i appreciate your time and effort.

yours
Piotr

You are welcome. The pleasures all mine. I'll be watching your space as well. :) Cheers, Piotr

Really epic post @solcross. I've obviously caught this outside of the curation period but really enjoyed what you've put together!

Thanks mate. I am glad you enjoyed it. :) Cheers

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