Our project introduces an open, decentralized network that provides services in the Artificial Intelligence market. This project is called The Effect Network. The 3 phases of The Effect Network require no fees, have a low barrier of entry and provide fast growth to its users. It runs seamlessly on the NEO blockchain and is fueled by a network NEP-5 token. The effect of this network will define the future relationship between humanity and AI.
The Artificial Intelligence market is growing at a remarkable rate but has become more inaccessible than ever. The requirement for large annotated datasets and a complex technical infrastructure has driven AI development behind the closed doors of corporations. This paper intro- duces an open, decentralized network called Effect, that provides services in the Artificial Intelligence market. The network replaces several existing services and requires no fees, has a low barrier of entry and provides fast growth of the industry. This is accomplished by three platforms that run on the NEO blockchain and are fueled by a network token called AIX. The first platform is a marketplace for tasks that require human intelli- gence. It allows anyone in the world to perform tasks for a fair payment and gives businesses access to a large workforce of human intelligence. The second platform is a decentralized registry of AI services described by a rich ontology. On this platform any algorithm can be accessed as a service in a unified manner and has a convenient way to receive payment. The last platform provides a decentralized, distributed computational platform that can run popular deep learning frameworks. The effect of this network will define the future relationship between humans and AI.
In the past five years there has been a rapid growth in the number of prac- tical Artificial Intelligence (AI) applications around us. Smart services, like self-driving cars, face and voice recognition in mobile phones and image trans- lation are getting a central place in everyday life. This rise can be explained by the advances in machine learning research and the ready availability of cloud computing. This has resulted in large adoption by the industry and the birth of a billion-dollar-economy around smart applications. While academic achieve- ments are available to the public, most intelligent algorithms are developed behind the closed doors of large corporations. We propose a private, decentral- ized ecosystem called the Effect Network. The network is designed to provide a feature complete alternative to the services shown in Table 1, and operates fully on smart contracts deployed on a Turing-complete blockchain.
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Co-Founder & President at Koinsquare | Marketing Manager at AidCoin | Campaign Success Manager at 200 Crowd | Advisory Board Member Rated on May 9, 2018
4
4
4
13%
Personally I believe that the project could improve its industry market with the power of blockchain, let's see in the next future how it will be implemented.
ICO Analyst|Content Writer|Trader| CFA Charterholder|Consultant Rated on Mar 13, 2018
4
5
4
11%
Strong advisors, team seems inexperienced and could be stronger but love the concept h and I see the vision here. Projects that are future focused, working with AI and Machine Learning definitely have great potential. Love to see more projects on the NEO blockchain, Timeline looks reasonable and attainable. Whitepaper is technically detailed. Wish you guys the best on this one!
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
