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Effect.AI

Decentralized Network for AI

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.

3.9
6 5 expert ratings
Benchy 4.5
Experts
3.4
3.6
3.4
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~$13,602,384
value of tokens sold in ICO
Ended
Token
EFX
Price in ICO
1 EFX = 0.07 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
Bosnia, Herzegovina, North Korea, Ethiopia, Iran, Iraq, China, Sri Lanka, Syria, Trinidad, Tobago, Tunisia, Vanuatu, Yemen, USA
ICO start
1st Mar 2018
ICO end
31st Mar 2018
More on ICO
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About Effect.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.

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ICO KYC Report
2 members invited
Chris Dawe
Passed
Jesse Eisses
Passed
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