EFFECT A.I: Advancing the pace of A.I (Artificial Intelligence)

in #originalworks6 years ago

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What is A.I or Artificial Intelligence?

Welcome, readers! A.I or Artificial Intelligence had penetrated every facet of our lives. In finance, algorithmic trading is being used by traders to execute a humongous amount of trades to make a profit. Robots are using A.I to carry out the works in the heavy industry deemed repetitive and degrading to humans. The other markets are Hospitals and Medicine, Human Resources and Recruiting, Marketing, Media, Music, News, Publishing and Writing, Online and telephone customer service, telecommunications maintenance, toys, and games and transportation.

As we can observe from the listing of the markets, A.I is pretty important to establish progress in our society. What is A.I anyways? You must remember that humans invented this ideology called A.I but it is far more capable than humans. It is intelligence demonstrated by programming of codes being infused into machines.

The problems of A.I

A.I is currently in the phase of the Fourth Industrial Revolution. This phase has the potential to raise global income levels and improve the quality around the globe. Unfortunately, it also has the potential to cause harm to the populations globally. With the rise of A.I, robots can do jobs which humans did and in consequence, humans will be fired from their jobs and cannot earn an income.

In 2030, the A.I market will be worth USD15.7 trillion and this figure is a testament to the importance of this market and its large size. Unfortunately, this money will only circulate within the large corporations who have vested interests in A.I.

Companies such as Amazon, Nvidia and Google had invested their money in A.I and the large number of the development of A.I are behind closed doors. As a result, the progress of A.I is stifled and it will be a huge loss to the community.

But we cannot blame the huge corporations on tapping this valuable market. Small players do not have the time and money to work on A.I. There are currently three reasons why this we was so.

The first is Data Processing. It is a collection of random data and manipulating it into useful data and annotations. It requires a huge amount of time to do annotations to be installed on an A.I.

The second is Diverging Tasks. The design of an A.I machine must take into consideration the consequences of doing an action. For example, a vacuum cleaner using A.I must know what happens if it hits a wall and what the area of the house is. This quickly increases the work needed to work out on these problems.

The third is Computational Costs. The development of A.I requires intensive computational power to process terabytes of data and the cost of this will be huge.

EFFECT A.I


Now we are entering into the Fifth Industrial Revolution spearheaded by blockchains and A.I in the Fourth Industrial Revolution will use blockchain to further the A.I world. Enter EFFECT A.I. This is not one single entity but will be upgraded step by step from Phase 1 to Phase 3. This is to ensure that growth can be managed properly and the realization of the project. EFFECT A.I will create the EFFECT network, a private and decentralized ecosystem for A.I development and related services. The EFFECT Network will run on the NEO blockchain and will function similarly to the services of Amazon Mechanical Turk, Fiverr, and Onespace.

EFFECT M-Turk

Phase 1 will see the development of EFFECT M-Turk similar to what I have explained in the above paragraph. The difference between the Effect M-Turk and the centralized business models like Fiver is that it is based on supply and demand, peer to peer communication. This system allows people to create tasks for other people who are then rewarded. When a specific people complete a task, they are rewarded with EFX tokens (EFFECT A.I tokens). At some point, some of the tasks can be completed by bots and A.I which at one point, the majority of tasks are completed by humans before. The EFFECT Network encourages this behavior and this will lead to Phase 2.

EFFECT Smart Market

The services of A.I algorithms will dominate Phase 2 with a new exchange being based on buying and selling of these services. This decentralized exchange is called EFFECT Smart Market. The exchange can be built onto the EFFECT A.I interface resulting in greater integration. The ones providing the said algorithms will be receiving EFX tokens and the ones using the algorithms will be paying the tokens.

EFFECT Smart Market

The services of A.I algorithms will dominate Phase 2 with a new exchange being based on buying and selling of these services. This decentralized exchange is called EFFECT Smart Market. The exchange can be built onto the EFFECT A.I interface resulting in greater integration. The ones providing the said algorithms will be receiving EFX tokens and the ones using the algorithms will be paying the tokens.

EFFECT Power

The final phase of EFFECT A.I will see A.I algorithms run globally without a single point of failure with actual computation distributed.

The Galaxy Pool


The Galaxy Pool is needed for the smooth operation of the EFFECT Network. Galaxy Pool is a pool of EFX tokens which are unused. It is important for this pool to be created because a level of liquidity can be maintained, stabilized network fees and encourage adoption of the tokens. It can also prevent speculative trading.

There will be two types of tokens, EFX and G-EFX. People can buy G-EFX tokens but they cannot be liquidated immediately to the pool. Instead, the G-EFX tokens must be spent on the EFFECT Network before being converted to the regular EFX tokes. The EFX tokens are rewarded by the people who put up the tasks on the EFFECT Network. G-EFX tokens will have their specific use time before returning back to the pool.

EFFECT Reputation Score

People can abuse the EFFECT Network by submitting a large amount of work with low quality. This is where the Reputation Score comes in. The network will reward users by rating the quality of work. People who submit high-quality work will have their EFFECT Reputation Score (ERS) increased. Over time, the ERS will gradually decline. People with high ERS will do high rewarding tasks compared to low ERS. This will combat the potential abuse which will happen in the system.

I believe Effect A.I will advance the pace of A.I with the roll-out of this blockchain. Please go to this website to know more about EFFECT A.I. I read both the White Paper and the Light Paper to know about EFFECT A.I before writing this article. Please join me in entering this contest. Signing off! Sejuk!

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effect2018

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Nice work my friend! I was contemplating on whether to take part in this contest as well but I think I do not have the time to write a full article on Effect.ai this weekend. I think this is an excellent project and I have personally invested in the ICO. I registered to be part of the Effect Force and is looking forward to the platform launch.

Anyway, all the best to your contest entry. Hope you win!

Thank you, culgin!

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 :)

it's not easy to purchase effect.ai. which exchange would you recommend as reliable and safe?

To my knowledge, $EFX is only listed on Switcheo now. I have not tried using it as I got my $EFX during ICO :)

Undoubtedly, artificial intelligence will play an important role in our lives in the coming years.

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

Thanks for this heartful reply! Actually, I do not know the answers to your answers. I'm sorry to disappoint you.

you didnt disappointed me at all

if anything im grateful for taking the time to reply

cheers
Piotr

Let me try to answer that perhaps?

  1. Effect.ai is currently only traded on Switcheo. I have not tried that personally, but I think you will need to connect your NEO wallet to the exchange. I will recommend setting up a second wallet for this purpose.

  2. Is DBC referring to DeepBrain Chain? I think DBC is directly aiming to be a platform for people to contribute their computational power to power someone else's AI. EFX wants to do the same in phase 3 of their project. Phase 1 is Effect Force which is a mechanical turk like platform for people to get human intelligence to train their AI/ML. Phase 2 is a market place for developers to sell their AI/ML algorithms. IMO, EFX broken down their projects into sensible bite-sized milestones. Which makes more sense to me. I have not read enough on DBC, so do share your thoughts with as well.

Anyway, I dropped by your blog and saw some interesting articles. I have started to follow you.

Thanks!

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