Effect AI EFX White Paper

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Hello and welcome to this blog post about Effect AI EFX White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the Effect AI EFX white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the Effect.AI (EFX).

I can ensue you that, you will be able to understand every bits and pieces related to Effect.AI (EFX) after going through the Effect AI EFX white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Effect AI EFX White Paper

Effect AI EFX white paper will be going to provide you, all the information that is needed to get started with Effect.AI (EFX), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Effect.AI (EFX).

Abstract

“The Artificial Intelligence (AI) 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 introduces an open, decentralized network called Effect.AI, that provides services in the AI 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 EFX. The first platform is a marketplace for tasks that require human intelligence. 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 recieve 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.”

White Paper Link: Effect.AI (EFX) White Paper

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