GEMS, the First Open Source, Blockchain Based Microtask Protocol, Network and Marketplace, Announces Token Pre-sale

January 8, 2018 – Blockchain technologies are creating newer ways for world markets and workers to take a leap into the future. The microtasks marketplace, where small and independent paid work assignments are carried by a global workforce, is the next area to see this revolutionary technology in action. A new and decentralized Mechanical Turk system, GEMS, will make it easy to sign up, accomplish microtasks efficiently, and get paid more. The GEM token pre-sale is now available to the public through the Gems Community Program.

Microtasks are judgment based human tasks that form part of larger projects and completed on the internet. These include crowdsourcing data collection, enriching AI data, annotating an image, completing a survey, gathering structured labeled data for machine learning researchers, or helping refine production ready solutions and training for large social media and networking organizations. Billions of such microtasks are performed each year.

However, the current online Mechanical Turks platforms are ridden with several flaws and inefficiencies, making them outdated and costly. Some of the major challenges include high middlemen fees, onboarding fees, delayed payments, need to hire multiple workers, lack of easy to use interfaces for workers, privacy invasions and stringer verification processes. More importantly, given that a huge 38% of world’s population does not have a bank account, a large labor pool cannot join microtask platforms.

GEMS is the very first decentralized, open sourced, human task crowdsourcing protocol and an online Mechanical Turks system built on Ethereum blockchain. It allows anyone to tap into the microtask ecosystem using its Gems network, protocol, the Gems platform and Modules. Furthermore, it removes fee charging middlemen, allows verification and accuracy of tasks, supplies and builds reusable interfaces, removes the need for bank participation, and incentivizes and de-incentivizes workers (miners) and requesters.

“Using the Gems Protocol, anyone can tap into the power of scalable micro task workers without needing to worry about task verification, trust, or payments. The Gems solution increases pay for workers, decreases cost for requesters, enables participation for those unbanked, and introduces a quality management solution, while facilitating the broadening of the network,” says Rory O’Reilly, co-founder, GEMS, and co-founder of gifts.com and a Thiel fellow.

GEMS has introduced several novelties to its microtask marketplace. As a no-fee-per-task platform, GEMS does not charge a centralized fee, and the only cost is use of gas on Ethereum. The Gems protocol is fueled by the GEM multi-utility token that enforces behavior of all participants and does away with the single regulator. The protocol is used to build the Gems Platform, which connects work requesters with workers (miners), and removes socio-economic barriers to participation. Anyone can build upon the Gems Platform to create Modules and use them as interfaces for performing specific human tasks. GEMS will be introducing its first module to focus on labeling data for AI.

The Gems Network is aimed at organizations who wish to reliably deploy microtask miners and utilize efficient, online scalable workforces. Among its other features, the Gems Trust Score shows how reliable a given worker is, and the Gems Staking Mechanism uses smart contracts to create disincentives for malicious actors and abusers. New users can thus be hired without the need to verify their identity to complete tasks. The payment channel is off chain and micropayments and staking can be done in very few transactions and without gas. The GEM token is like any other ERC20 token and does not require banking details, allowing unbanked workers to participate.

The open sourced UI/UX modules and interfaces of GEMS are specially targeted at making deployment of microtasks easier. While the current interfaces appear outdated and obstruct efficient work, GEMS modules can be built upon its platform by miners, and will receive early, hands-on assistance from the GEMS team. Miners will be able to build reusable modules, complete jobs faster, avoid wastage of time, and increase their income.

“The Gems team will first build Modules that revolve around AI tasks. We’re starting with AI tasks as we believe there is a large need for labeled data in this growing industry. In the AI world, data is the currency of the future. The need for data and specifically scalable annotation services comes from the wide adoption and use of machine learning and specifically deep learning, both subsets of Artificial Intelligence,” says Kieran O’Reilly, co-founder, GEMS, and co-founder of gifts.com.

To participate in the GEM token sale, participants are welcome to join the Gems Community Program and become active members to secure a spot in the pre-sale and token launch. Updates on the pre-sale and detailed information is available on GEMS Twitter, Telegram, or Blog.

For more information, please visit: https://www.gems.org

Media Contact
Company Name: Gems.Org
Contact Person: Rory O\’Reilly
Email: [email protected]
Address:2 Mint Plaza Suite #903
City: San Francisco
State: CA 94103
Country: United States
Website: https://www.gems.org/

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