Gems - the Protocol for Decentralized Mechanical Turk

in #ico7 years ago (edited)

Hi guys,

Firstly - I am not a financial advisor so as you should be doing with every project - Do your own research.
Secondly - I am a believer in Gems and I am hoping to join the ICO

I have been involved with cryptos since August 2017 and have been fortunate to invest in some cryptos that have seen growth. There are thousands of cryptocurrencies on the market, with many of them unfortunately being scams/cash grabs/pump & dumps. I believe 2018 is going to see massive growth compared to 2017 (which was massive in itself) but it is going to start separating the weeds from the cryptos that are going to last.

The problem is that so many cryptos have absolutely no use apart from being a store of value and a way of transferring funds but how many of those do we actually need?? Cryptos with a real future will be those that have actual use cases and these are the ones that will see massive growth and will stay standing.

That brings me on to Gems - https://gems.org/

This project is still in its infancy with no roadmap and an incomplete team, however this project has great potential

Q1 roadmap has recently been released - https://blog.gems.org/gems-quarter-1-roadmap-bb35bb49fbe9

What is Gems ?

To understand this you need to understand what a Mechanical Turk is.

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A Mechanical Turk (MTurk) refers to the use of human intelligence to perform micro tasks that computers are currently not able to do. The workers can browse jobs that have been posted by businesses and complete them in exchange for money. The jobs are termed micro tasks and they are a series of repetitive small tasks such ass writing product descriptions, annotating photographs etc...

As micro tasks are simple tasks that normally do not require a high level of specialisation, micro tasking can be available as a source of income for anyone with an internet connection and use of a computer. There is a global market place with billions of micro tasks being complete each year with the industry still growing.

Why Gems?

The micro task market has 2 big players - Amazon (MTurk) and Crowdflower. They provide a marketplace for businesses to post their micro task jobs where individual workers can browse and select jobs in exchange for money. However, as you would expect with any company, they want to make as much profit as possible. Unfortunately the workers probably lose out the most with an average hourly rate as low as $1.20 per hour. Also Amazon will pay the workers via a cheque or Amazon gift card, which is no use to the 38% of people without a bank account or if they don't want to spend their earnings on Amazon.

compare-chart.png

Gems aims to decentralise micro tasks cutting out the middle man. This will increase the pay for individual workers (with or without bank accounts) and reduce the fees for businesses posting jobs.

If you want to get in at the ground floor and be part of the Gems community then you need to join their telegram group and apply for the token sale before January 8th - https://gems.org/

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that's a nice post!

#bitcoin
I will probably see it first, how the future