I have been spotting ICOs since the beginning of last year and I was involved in most of the true game changers, like icon, wan, cardano, quantstamp.
Now, here comes GEMS.
Like any ICO, ingredients must be the right ones and looks like Gems has it all: idea, team, impact on the blockchain space, technical approach.
You will find many reviews out there but in this one i would like to focus solely on the technicalities in the whitepaper to demonstrate what is so great about this project
- gems protocol is a blockchain based one to connect requesters and miners (humans)
- some advantages of using the gems protocol: removing the middleman, collective verification, creating reusable interfaces, removing need for banking, fair incentivising miners and requesters
- creating the gems network by allowing creation of micro task miners
- a staking mechanism which ensures verification and validity
- implementing a trust score for measuring the quality and results of both parties
- a platform built on top of the protocol to allow the connection of requesters and miners
- a payment system
These are only a few of the features this project brings, but here are some problems which the aforementioned platform brings
- fees: removing the network fees and finding the equilibrum between payer and payee for the micro task
- participation: removing the need for identification in order to complete a task
- payments: removing the middleman and banking system. Payment is done in Gems tokens
- usability: the ui, ux and modules will be made open source
As a conclusion Gems comes to compete with Mturk and crowdflower bringing agility and fairness.
This is a fantastic project which will change the way workers are incentivised and requesters are able to get the tasks completed.
To participate in this project make sure you follow the telegram channels (https://t.me/gemsorg) and their medium channel as well (https://blog.gems.org).
Good luck and please continue to support great projects.
T.