Disrupting Amazon: Gems ICO, A Decentralized Mechanical Turk

Millions of people earn money online completing micro tasks today.
Mechanical turk marketplaces are wrought with problems, yet they are making their millions.

Such centralized platforms often take upwards of 40% in fees. For example, Amazon charges requesters a minimum 20% fee on any amount paid out to workers.

More than that, micro tasks employers are overpaying by 500 to 1,500 percent and workers are being paid next to nothing.

Where is the money going? To the stakeholders of these marketplaces such as Amazon Mechanical Turk.

Issues plaguing the micro tasks industry ultimately hurt both workers and requesters. In order to ensure accurate results and quality work 5 to 15 workers are asked to perform the same tasks thus making the entire process economically inefficient. This wastefulness prevents millions of eligible workers from participating in the labor pool.

The Gems Protocol team envisions a completely different world. The team is aiming to launch a global solution that benefits all network participants and makes micro tasks more of efficient while treating everyone fairly.

 

Introducing Gems

Gems is the protocol for decentralized mechanical turk, currently in Alpha. People will use Gems to complete micro tasks much like on Amazon Mechanical Turk.

The protocol will allow anybody to tap into the power of scaleable micro tasks workers without needing to worry about task verification trusts, fees, or payments.

The Gems has a strong team. It gathered under one roof alumni from Harward, co-founders of Twitter, Medium, reCAPTCHA, and Aragon among others.

The team is building 3 products in the Gemas suite:

  1. Gems Protocol: Assesses the validity of work and trust of network participants; various DApps can be built on top of the Gems Protocol
  2. Gems Platform: The actual platform, it will pair workers and requesters to perform micro tasks.
  3. Modules: Reusable open-source task interfaces built on the Gems Platform

Gems’ advantages over the legacy systems:

  • No need for multiple workers doing the same task: Gems will ensure task accuracy and completion through the use of staking and trust scoring mechanisms.
  • Innovative verification methods
  • A decentralized platform: Gems will introduce a payment system that reduces transaction fees and is accessible to anybody in the world who is computer-literate and has a working internet connection.
  • Gems cuts out the middlemen who take outrageous fees.

What’s more with the open-source modules, any developer can build on top of Gems their solutions.

On January 8, the team launched an alpha version of the platform, anyone can register here.

 

Token sale

The startup is yet to start its token sale. The team advises anyone interested in having a stake in the future Gems platform to join Gems Community Program as a way of securing a spot in the Gems Pre-Sale/Token launch.

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