An open-sourced, human task, crowdsourcing, decentralized protocol that is built on top of the Ethereum blockchain. With this, anyone can access scalable micro task workers. It eliminates the hula over having to verify tasks, trust or payments.
Gems is designed to disincentivize malicious actors and reward fair players. The Gems Protocol is comprised of a staking mechanism to ensure task completion, a trust mechanism to track worker integrity, and a payment system to reduce transaction fees.
Other things to know
• Gems Network Overview
It facilitates the extension and efficient operation of the micro task community by allowing organizations to rely and deploy micro task miners. Gems Protocol enables the creation of various platforms that are built on top of the Gems Protocol. Platforms that are created have no intrinsic fee imposed by the Gems Protocol, broaden the scope of the labor supply, and eliminate inefficiencies in the market place. Gems allows any application to utilize efficient online scalable workforces.
• Gems Staking Mechanism
The Gems Staking mechanism provides disincentive for malicious actors, enhancing the efficiency of the Gems Network. Through the Gems Staking mechanism, currently created through Ethereum-based smart contracts, miners, requesters, and verifiers stake tokens on the validity of their work and against the validity of others’ work, providing a palpable disincentive for doing tasks incorrectly.
• Gems Trust Score
The Gems Trust Score is an indicator of how reliable an individual on the network is. By using the individual’s history of completing tasks accurately, efficiently, and consistently, the Gems Trust Score is formed and linked to the network participant’s Ethereum wallet address. With this, it gets easy to create a new address, trust scores and not be easily bootstrapped; miners need a long proven track record to obtain a high score. Miners with very high scores are eligible to verify the work of other members on the network, allowing them to increase the overall accuracy of the system while earning extra money at a higher hourly rate. Unreliable miners will be removed from the network, keeping the quality of work high.
• Gems Platform and Modules
The first application using the protocol is the Gems Platform, a marketplace for matching miners and requesters. The Gems Platform charges no central fee, and utilizing the GEM Token and Gems Protocol, eliminates existing economic inefficiencies. Modules, reusable interfaces for completing specific tasks, are interfaces that are built on top of the Gems Platform.
• Gems Payment System
Transactions on the Ethereum network are not free; they require gas. To allow for micro payments and staking without using gas, the Gems Protocol uses a system of payment channels. Payment channels allow for secure off chain payments without using gas and for the grouping of those payments on the blockchain later. The Gems Payment System will be used by requesters, verifiers, and miners to increase the cost efficiency of the network.
What’s in a Gems Protocol?
Miners: Micro task workers
Verifiers: Workers with a high Gems Trust Score who look through miner-completed tasks to verify validity. A verifier replaces many individual miners redoing a single task to verify accuracy
Requesters: Those who want micro task work done
Why choose Gems
Gems provides economic efficiency to network participants, properly incentivizes miners to accomplish tasks, disincentivizes malicious actors, opens access to those who are unbanked, and opens access to the labor supply of micro task workers without intrinsic network fees.
See how it’s better than the existing ones
