Gems (GEM)

What is Gems

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. 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. The GEM token, a multi-utility token, fuels the Gems Protocol. Gems uses its token mechanism to enforce the behavior of all participants, instead of being regulated by a single operator.

We further introduce the first application using the Gems Protocol, aptly named the Gems Platform. The Gems Platform connects those who want work done (henceforth known as “requesters”) and human workers (henceforth known as “miners”). By using the Gems Protocol, the Gems Platform removes socioeconomic barriers that exist in centralized alternatives (e.g. large fees, market inefficiencies, need for bank accountants, etc.). Anyone can build on top of the Gems Platform, creating “modules” that are interfaces for particular human tasks. The first module the Gems team will build focuses on labeling data for AI.

In summary, the Gems Network addresses the following:

The Gems Network facilitates the extension and efficient operation of the micro task community by allowing organizations to reliably deploy micro task miners. The Gems Protocol, through validating task completions with the Gems Staking mechanism and enabling miners to have a reusable trust mechanism through the Gems Trust Score, enforces compliance of network participants. The 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.