Their 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:Effect Mechanical Turk is a workforce on demand that allows anyone in the world to request or perform tasks that teach and develop AI algorithms. Effect Mechanical Turk is a workforce on demand that allows anyone in the world to request or perform tasks that teach and develop AI algorithms. In the last phase they distribute the computational power needed to run deep learning frameworks and other AI algorithms.
The Effect Network, like other decentralized applications, directly connects supply and demand without the need for an
intermediary party. To be more specific, The Effect Work will establish the following:
•Accessibility – by directly linking supply and demand through their micro-tasking platform Effect.AI Mechanical Turk they enable users who do not have access to large datasets or a big network to train their AI algorithm.
• Accuracy – the Effect Smart Market enables users and individual applications to find each other to buy or sell information. Through this exchange, users can get their hands on data sets with significantly higher complexities to train their AIs.
• Performance – Users can directly buy existing data sets on the Smart Market or quickly create their own data set by requesting micro-tasks on the Mechanical Turk platform.
• Interoperability – By running AI on the blockchain and creating a standard to which algorithms have to comply, they stimulate interoperability resulting in powerful and emergent intelligence that would be difficult to achieve for single AI algorithms.
Token Sale Details
20%Technology development and Effect M-Turk platform
18%Requesters & Workers Acquisition
13 %Advanced Functionality of Blockchain & Smart contracts
10 %Cyber Security and Software
9 %Operations, Overhead Legal, Administration
8 %Partnership & Talent Acquisition
*The 20% of tokens for future funding will be locked by a smart contract for 18 months.