Blockchain project Effect.AI ($EFX) takes on M-Turk giant

[DikkieD]

So funny to watch.

https://www.youtube.com/watch?v=YeS9C1QvTgc

This is a review of Effect.AI, though the title may give you a different impression. Partly true though, the CEO of Effect.AI despises Amazon, with their high fees and low rewards for workers. Amazon has an M-Turk with millions of workers. Dutch start-up Effect.AI thought it was time to shake things up. Since there is no competition, Amazon can charge whatever it wants, and while fees started out low, they now are sky high with low earnings for workers. Anyway. If you are not acquainted with this project yet, the video will explain the whole project in great detail. The project just came out of ICO phase. It's quite a nice $NEO project with a very low (hard) cap.

[Etrilicious]

At first Effectai came out everybody thought hey!! They can't take on Amazon but now this is a game changer to reject amazon offer, then the team is ready to reduce the excessive fee and make workers benefit from the system. But I think amazon shouldn't be underestimated they might come up with some strategy who knows, I trust effectai is always on their toes.

To conclude it was a nice move from the effectai to reject.

[usd.dev]

Very interesting project, I follow their activity. I hope they can realize those ideas that are voiced. But while the bulls do not come to the market, the bears will not let the project swing more.

[markers]

It's a very bold decision. It looks the team really believe in project success. Look forward to hearing the next news.

[PrudnikovLS]

It's nice to get on topics related to the crypto currency into which you invested at the ICO stage. I also think that this is a grandiose project with huge plans for a fairly short period of time. The project should compete with Amazon in the near future.

[notaek]

It's nice to get on topics related to the crypto currency into which you invested at the ICO stage. I also think that this is a grandiose project with huge plans for a fairly short period of time. The project should compete with Amazon in the near future.

It needs to show huge credibility before showing themselves and competing against head to head with Amazon.
That will take time of course.

Lets see how it unfolds and whether it lasts long enough at all.

[giancarlo01]

So funny to watch.

https://www.youtube.com/watch?v=YeS9C1QvTgc

This is a review of Effect.AI, though the title may give you a different impression. Partly true though, the CEO of Effect.AI despises Amazon, with their high fees and low rewards for workers. Amazon has an M-Turk with millions of workers. Dutch start-up Effect.AI thought it was time to shake things up. Since there is no competition, Amazon can charge whatever it wants, and while fees started out low, they now are sky high with low earnings for workers. Anyway. If you are not acquainted with this project yet, the video will explain the whole project in great detail. The project just came out of ICO phase. It's quite a nice $NEO project with a very low (hard) cap.

This is a great new for Crypto. Effect smart market will ultimately remain the main contender in this space and has many more benefits than Amazon. It is fueled by NEP-5  token.
 

[SomeJasonGuy]

Very interesting vid. It'll be interesting to see how this unfolds. Really excited to see real-world usage and adoption by businesses.

[bombombom]

At first Effectai came out everybody thought hey!! They can't take on Amazon but now this is a game changer to reject amazon offer, then the team is ready to reduce the excessive fee and make workers benefit from the system. But I think amazon shouldn't be underestimated they might come up with some strategy who knows, I trust effectai is always on their toes.

To conclude it was a nice move from the effectai to reject.

Effectai will make bigger things like that. Good luck team

[paxmao]

This is one of the best project I had the honor of translating and moderating the local thread. For this, I can assure that the business model is super-solid and the platform is on its path to be an unicorn.

[DikkieD]

They are on steam!!

Today they released a nice recap video of what they've been up to the past week(s). Love it . Watch it, if only for the lovely Polina

https://www.youtube.com/watch?v=eiZsvO-syyg

[O9NpJ9ld1opS]

Effect.Ai will overthrow Amazon Mturk soon I believe. Their private beta looks great too. Waiting for their public version.

[ongahawak]

Recognizing this potential for change, Effect Force offers a global platform that allows people from everywhere to perform tasks and earn a decent living by working on whatever device they like, on whatever task they prefer. By building Effect Force on the blockchain, and by using smart contracts, Effect Force eliminates middle-men, resulting in a globally accessible micro-task market that can afford to function without fees. This allows Requesters and researchers to gain access to high-quality data at attractive rates. Workers also benefit by earning a lot more for completing tasks than on centralized Mechanical Turk platforms, simultaneously contributing to essential AI research and development. Even more importantly, Effect Force is accessible to workers regardless of their nationality, giving everyone in the world the opportunity to perform tasks on the platform. This means that Effect Force can be an alternative way of earning money for people who are unable to do traditional work, for example due to health problems, economical obstacles or simply a lack of other opportunities in the area. Effect.AI also recognizes the potential of Effect Force towards the 39% of people who don’t have access to the traditional banking systems. To that end, Effect.AI introduces the Effect Force Impact Hubs.

[rmapower]

Effect.AI has made impact sourcing one of its main priorities. Impact sourcing is the practice of outsourcing to developing countries, in order to stimulate the local economy, and through Effect Force, Effect.AI creates an alternative way of earning money for people in developing countries. They are supported in this venture by none other than Sally Eaves. Sally Eaves is a innovator in the field of Machine Learning with connections at the United Nations and many local governments, she is also an Effect.AI Advisor. In collaboration with Sally and these governments, Effect.AI is setting up Effect Force Impact Hubs in key countries and locations. At these Impact Hubs, Workers can complete tasks under supervision of trained personnel. This allows workers to make a living in a safe environment where they can acquire skills in the field of AI and Machine Learning. Effect.AI recognizes that this is an incredible opportunity to create lasting change in developing areas around the world, providing the real change that was promised by decentralization. At the same time, Charlie Shrem, another high profile Advisor, is leveraging his many connections in the world of cryptocurrency to support Effect.AI and Effect Force, feeling that of all the projects currently in development, Effect Force is the one most likely to make a positive impact.