New ICO on the block: GEMS

in #cryptocurrency7 years ago (edited)

GEMS: MECHANICAL TURK AT ITS MOST EFFICIENT FORM



Life as we know it has been changed and continues to be affected with every passing day by the gift to humanity that is the internet. Information which was hoarded and made completely inaccessible by some sections of the elites in human society was finally given that smell of freedom as the internet liberalized and made access to information a basic human right. One of the other great things the internet has been able to make possible is to open whole new industries and spaces of business, by connecting the world with instant communication and enabling those who require services and those who provide those service meet in a way that was not previously possible.


 One of the great many niches that were enabled by the internet is the mostly underrated micro tasking industry where millions upon millions of people work every day from all corners of the planet in return for payments for their efforts. Micro tasks as the name implies are simple minor tasks (that require human judgment) which an individual is asked to complete online by companies who then compensate them for their efforts. Micro tasks are usually conducted as part of greater project by companies such as those who want to advance the field of deep learning.  


However, like most centralized systems, the present micro task or mechanical turk industry is one that is plagued by a plethora of problems in which both those that assign the tasks to be completed and those who complete the tasks are given the raw end of the deal, while those who have no direct impact in accomplishing the job get the best part of it. Micro task workers all over the world complain of the very menial payments they get, that usually doesn’t reflect the effort they put in completing their tasks, which both demoralizes them and reduces any zeal to deliver the most accurate job possible. The organizations who assign these tasks to be completed on their behalf themselves don’t have it any better either, as they grapple with paying up to 15 times the actual amount needed to complete a task, with majority of the rest of the payment being gulped down by expensive and business-stifling middlemen. To top it all up in a highly inefficient ecosystem, millions of other competent micro task workers all over the world are sidelined and denied access to the industry as a result of border and bureaucratic restrictions, coupled with the lack of a seamless and efficient payment platform that can deliver efficient service to workers notwithstanding their geographical location  

The Gems Genius


Gems is a decentralized blockchain based mechanical turk platform which seeks to do away with the myriad of problems that plague the present micro tasks industry and make it into one that is highly efficient and beneficial to both the assigner and the worker. Gems seeks to provide both companies and organizations that require micro tasks to be completed for them and the workers that carry out these tasks with a one-stop shop platform where the major problems of inefficiency, inordinate costs, as well as payment mode problems are all done away with on swipe of the gems wand.

Features of the Gems Platform


The Gems platform has a number of key features which it proposes to use in order to make the micro tasks industry as efficient as it can ever be. Some of these key features include: 

  •  High Level of Efficiency
  •  No Middlemen    
  •  Unfettered Access And Seamless Payment  
  •   The Future of Micro Tasking

High Level of Efficiency    

 One of the great many ills of the present micro tasks industry is that it is plagued with a highly inefficient task assigning and verification mechanism. Due to the high rates of inaccurate tasks delivered to the employers at the end of a project, it is required by the present industry standard that a given tasks has to be assigned a minimum of 5 times to different individuals to perform, and this number often goes to 15 different individuals. What this means is that the employer or organization assigning these tasks to be performed on their behalf have to pay up to 1500% of the price a given task would normally cost in order to ensure they get an accurate performance. 

With the Gems protocol this consensus by redundancy is completely eliminated as by leveraging on the accountability of the blockchain technology. Workers are incentivized to stake their accurately completed tasks for a reward by the network, which on the other hand automatically dis-incentivizes those who forward inaccurate tasks as they now their badly done work never goes unnoticed and greatly reduces their future chances of gaining more work.  

No Middlemen  

 The Gems platform is one that eliminates any kind of middleman from the equation which is great for both the employer and the work involved in any project. Gems is more like a standing-by facilitator, as the tasks assigned by the employer goes directly to the worker that is most qualified to conclude those tasks, as is any payment made for those tasks. With greatly reduced wastes, the employer knows that every cent they spend on paying workers will result in an accurate task, and not only that, the huge fees that the middlemen used to charge both employer and worker (sometimes up to 40%) are completely absent. Every organization’s dream is to have the best possible outcome at the most cost efficient prices, and the Gems platform provides just that  


Unfettered Access And Seamless Payment  


  One of the most attractive features of the Gems platform is that it allows the worker access to a worldwide micro tasks market notwithstanding their geographical location. The Gems platform allows individuals who prove their competence unfettered access and does not discriminate due to the geographical location of an individual, which a lot of the present platforms do. And when it comes to banking, a lot more competent workers get sidelined as the present micro task companies don’t support the payment means that will ensure they get paid at the end of their tasks. The Gems platform with the use of instantaneous, restriction-free, and highly fluid cryptocurrency will eliminate any need for a banking account or any payment provider. The worker gets paid as they complete tasks with the option to immediately cash out their earnings in their fiat equivalents. 

  

The Future of Micro Tasking 


With the coming of the Gems platform into the micro tasking industry, the future of the niche is one that is devoid of the inefficiencies, in ordinate costs and reckless discriminations the present industry suffers from, which in the end only makes it less productive and deny employers with precious competent labor from other corners of the planet. The Gems platform seeks to sanitize the industry and take it to its lofty potentials and beyond.  

 The most inspiring people I've seen so far on steemit. Love your posts and thank you for all the work you do.  

@timsaid @kingscrown @heiditravels @gringalicious @buzzbeergeek


If you have any advice or suggestions it will be greatly appreciated. Hope you all are having a great day. STEEM ON!

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