Gems
(Info gathered from AsianWhales Signals Telegram Group
https://t.me/asianwhalesignals)
What is it?
As proficient as modern-day computers are, there are some basic tasks out there that even the smartest machines are yet to master, tasks that require human judgment.
As humans, we have the privilege to solve those micro tasks by using our intellect, so… what sort of tasks are we talking about?
Micro tasks are used in a wide range of corporations, such as Google, Facebook and Twitter, in order to enhance their solutions, and some other companies have created a platform where they offer workers a chance to complete a task for a reward, such as Amazon Mechanical Turk (MTurk), an online marketplace created in 2005, to help companies use this tool for processing photos/videos, data cleaning/verification, information collection, etc…
MTurk actually charges requesters a minimum 20% fee on any amount paid out to workers. In case the requesters want experienced workers with a good track record, that is an extra 5%, but wait, there’s more. Tasks that actually involve 10 or more assignments charge up to 20% additional fees, which leaves us with… simple math… around 40% in total fees. This, is, unacceptable. Similar platforms, such as Crowdflower, also have undeniable flaws, which flaunt the idea that those platforms are more likely to be labelled as online sweatshops, rather than profitable job creators.
The huge number of tasks that workers are assigned to, naturally induces inaccuracy and as a result, requesters can’t accept workers’ answers at face value. Requesters often pay multiple workers (sometimes 5–15x) to perform the same task and accept the majority response as the correct one. Even Amazon MTurk itself recommends that requesters re-assign the same task to several workers to validate precision, which is clearly, WASTEFUL.
The GEMS protocol!
Rory & Keiran O’Reilly, known for co-finding gifs.com – an internet tool we can no longer live without – have come up with this brilliant approach to a decentralized mechanical turk, allowing anyone to benefit from the micro tasks market, whether they have a bank account or not, and with the worry-less environment for tasks verification. How so?
To eliminate consensus by redundancy, Gems uses a system of creating staking and trust scores, which ensures task completion accuracy without the need of multiple assignments, thus reducing the cost and preventing the idea of charging excessive fees, everyone is happy 😉
Anyone is the world with an internet connection and a computer can tap into this market and start building an online profile of proficiency and trust, earning themselves a fair compensation and simply empowering the Gems protocol, a force to be reckoned with when it comes to the fight against centralized bullying corporations.
Conclusively, Gems cuts off the middle man, providing direct links between the task requester and task worker, in an environment rid of the ridicule of centralization.
Gems is currently a work in progress, and the Gems community is ever growing.
With an exceptional team at Gems, they have managed to land key advisers to help build this protocol, one of them being Twitter’s co-founder, Biz Stone, which boosts the projects’ progress exponentially.
For more information, check them out on:
Website: https://gems.org/
Twitter: https://twitter.com/gems
Blog: https://blog.gems.org/
Reddit: reddit.com/r/gemsprotocol
Join their Telegram: https://t.me/gemsorg
Info gathered from AsianWhales Signals Telegram Group
https://t.me/asianwhalesignals
