The Gems Project
Gems is a project that aims to be a decentralized mechanical turk. The digital workplace is being exploited and has an abundance of issues for those working in it and those requesting work from it. The Gems project includes three different components to help solve these issues. There is a Gems protocol, which assesses the validity of work and trust of network participants. There is a Gems platform, which is where workers and requesters for micro tasks will be paired together. Lastly, there are modules, which are reusable open-source task interfaces built on the Gems platform.
The goal of the project is to bring fairness and equality to people performing digital tasks. Current platforms such as Amazon Mechanical Turk and Crowdflower are places where this work is being done, but the fees are typically outrageous. Money is taken from the workers and requesters, creating large profits for those hosting these marketplaces and leaving little for everyone else. The Gems platform creates better efficiency, higher pay for workers, and decreases costs for requesters. The below image is from the Gems website and shows the comparison of their platform to MTurk and Crowdflower.
The project also allows anyone with an internet connection and basic computer literacy to participate. This means someone can get involved with crypto without even needing to send money from a bank account. They can sign in, perform a task, and get their first crypto! The other advantage is that this means the un-banked can participate, and you will not receive a gift card that is only usable on the platform you performed the work.
The GEM Token
The GEM token is a multi-utility token that fuels the Gems protocol. The token mechanism enforces the behavior of all participants, allowing the system to be decentralized. The GEMs token is an ERC-20 token, so it can be stored in an Ethereum wallet. Check out this guide on how to create an Ethereum wallet if you don’t have one!
The GEM token uses a staking mechanism. There are miners, verifiers, and requesters that can stake tokens. Each one stakes for a different ‘purpose’, but in the end, it secures the network by providing an incentive for good behavior. Miners can earn trust scores as well, which allows them to earn more money by verifying other tasks. The white paper goes into great detail on these and a link to it can be found at the end of this article. Gems is also the payment received by workers that complete tasks.
Gems ICO Details
The details have not been released yet. However, they are doing a proof-of-care system for participation. This involves joining their Telegram and being active, as well as sharing the Gems mission. This can be done by inviting more people to their Telegram, writing a blog post, making a video, or something innovative that helps the project. Then you fill out a quick form about how you helped and that’s it. The only confirmation is that there will be a pre-sale, but no more details yet. Stay tuned as I will update this section when details are released!
The team currently consists of 2 founders and 5 advisors. All of the people working on this project have very strong backgrounds. The two co-founders, Rory O’Reilly and Kieran O’Reilly, also co-founded gifs.com. They are also recognized by Forbes in the Forbe’s 30 under 30 list. The advisors include backgrounds such as co-founder of Twitter, co-founder of Augur, co-founder of Aragon, co-founder of district0x, and co-founder of reCAPTCHA. These are all very strong business and technical backgrounds, which creates a lot of confidence in the team.
The Gems project is aiming to make the digital work marketplace a better place for workers and requesters. By removing redundancies, requesters will pay fair prices and workers will receive fair wages. The team has a strong background, and their advisors are nothing short of all-stars. The community behind the project is also massive, with over 30,000 people in their Telegram channel.