Effect.AI Network: A Solution Now and for the Future

Effect.AI is a decentralized platform for an industry that grew by more than 60% in 2016. ‘Black box’ isolation syndrome is a primary objective the Effect.AI Network aims to solve. It aims to change the course of AI that is presently in danger of becoming an anonymous ‘black box” to all but a few corporations. The Effect Network would make AI transparent and accessible through smart contracts on the NEO blockchain. An EFX utility token would run the system.

adapted from Effect.AI

Artificial Intelligence (AI) vs. Machine Learning (ML)

Before examining the Effect.AI white paper, it is helpful to grasp the difference between AI and ML. Forbes Magazine and Wired looked at the nuances between AI and ML. The simplest distinction is that AI is a broader concept. It is a branch of computer science. ML, on the other hand, is specific in its agenda. It supports unencumbered determination. According to Stanford University, ML concerns itself with computer actions that need not be absolutely programmed. Generally, artificial intelligence is a broad approach for using machines to accomplish sophisticated tasks. Machine learning involves current applications of AI, but with the emphasis on enabling data access for the purpose of unencumbered, automated determination.

Development Highlights

The white paper begins by stating that the rapid growth of AI has been accompanied by increasingly inaccessible platforms. It offers a solution that allows anyone anywhere to access any service driven algorithm over the Effect Network. But, the developers are not satisfied with a workable solution they know has value in the present economic state of affairs. Rather, they go on to explore the relationship between humans and AI.

Before overviewing the plan, here are a few highlights of what the Effect.AI Network offers:

• The Effect Network Mechanical Turk (EMT) compares very favorably to Amazon’s M-Turk. It estimates a more than four-fold increase in hourly income for workers. This would raise M-Turk wages from $2 to $9.
• An Effect Reputation Score helps keep malicious persons at bay while rewarding honest efforts. Developers deemed it be best employed as a linear function given its present system dynamics.

The Plan

According to the developers’ vision, there are three planned phases needed to meet the needs of the AI industry now and in the future. Phase 1, Effect M-Turk, is oriented for the now. It would provide an AI system suitable for what the world struggles with today. In Phase 2, Effect Smart Market, empowering consumers is compounded by AI/ML innovation. Phase 3, Effect Power, addresses the inevitable need for power as the system grows.

Phase 1: Effect M-Turk

One great selling point for EMT is that more money goes into the pockets of workers and project requestors. It simply costs less to complete projects. Additionally, middlemen who add nothing will have less influence over the free market. These aspects support the passage:

• The hardworking farmer should be the first to receive a share of the crops.- 2 Timothy 2:6 NIV.

Also, when taken together, these aspects compound each other’s efforts to support continued development. Richer workers mean an increase in available money for consumer spending. Lower project costs encourage new enterprises. Diminishing the influence of middlemen who lack a vested interest enables the market, as well as regulators, to more positively impact supply and demand.

Here is an example with some specifics:

• Requesters have the option to assign EFX tokens for each task. An accessible EMT platform compliments this system by allowing requesters to view unbiased and unencumbered results. And remember that algorithms are made accessible. This broadens the choices requester have.

Phase 2: Effect Smart Market

Experts and business interests alike believe the potential for AI applications are enormous. However, innovations in this industry are not yet predictable with a high degree of confidence. Phase 2 serves to further compound applications by incorporating an application registry and endpoints. The registry allows applications to collaborate. Endpoints advance the management of services and algorithms. Implementing the Effect Smart Market connects the AI industry within an efficiently managed ecosystem. This makes it more ready to deal with a future where, all that is certain, is growth.

Phase 3: Effect Power

One force that could stop an AI blockchain is the lack of a good support structure. Phase 3 plans on delivering the necessary power to run a system expected to grow exponentially.

The Effect.AI Galaxy Pool (EGP) is a way to ensure stable exchange rates. Its rules can be refined for governance as the system grows. The linear function guiding the reputation system differs from the G-EFX function used to power Effect.AI Service Contracts (ESC) (smart contracts). G-EFX protocols decay at a rate exceeding 90% by the forth NEO block to prevent requester overflow. This is not a hard point, but rather, an illustration within the white paper. Phase 3 is further down the line. However, it demonstrates the power many people believe AI will command.

AI/ML Applications in Use Today

Most people do not know that AI is integral to products they use everyday. For instance, Microsoft promotes a full spectrum of products, tools, services, and solutions for everyday users, developers and organizations. Cortana is an example of a highly identifiable product.

Similarly, Thomson Reuters markets its information services to match the transformation being driven by AI/ML. Applications are in social media, news, legal, transportation (especially smart cars), accounting, taxes, wealth management, and more. It already tracks 700 million daily tweets running ML algorithms to add to their news stream.

The Future of AI

According to Thomson Reuters, teaching machines to be adaptable to content is one of the most important developments needed to advance AI. Teaching is one of the great strengths of the Effect Network. It is also worthwhile to note here how a decentralized platform differs. It is, by necessity, less biased than a centralized system that is viewed from the outside (like a "black box") by almost the entirety of the population.

The future of AI is bright, to say the least. Some estimate the AI market at $15.7 trillion by 2030. It is already profoundly impacting human life. This is not limited to telecommunications. Probably most notable is the transportation industry advancements in AI for smart cars. The AI in cars is a leap beyond what made Siri popular.

Once the general population grasps how AI is ingraining itself as an inescapable part of everyday living, they will begin to pay more attention to the underlying technology. The Effect.AI Network provides an ecosystem that is not only timely in its transparency, but also inherently adaptable.

AI might be capable of surviving without maintenance from the human race. Some doomsdayers focus on this future. Though, it might just turn into a novel tool. Maybe another innovation comes along because it failed to adapt to the needs of everyday living. Effect.AI presents an opportunity to both streamline AI now and maximize its future potential.

The Effect.AI token sale is set for March 24. You can find the whitepaper here and the lightpaper here.

Here is a link to @originalworks / @effectai post:

https://steemit.com/cryptocurrency/@originalworks/4m2myp-300-steem-40-bonuses-sponsored-writing-contest-effect-ai

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