What is Gems?
Gems is a decentralized platform for contracting workers to perform micro tasks – typically for companies. It’s a platform competing directly with the likes of Amazon Mechanical Turk and CrowdFlower.
Although both Amazon Mechanical Turk and CrowdFlower have been wildly successful with exponential revenue growth since their inception, they also have some key problems. Firstly, they charge high fees – in some cases up to 40%. Second, they require redundancy of tasks in order to achieve a sufficient level of trust in the completion of micro-tasks. Finally, these are centralized platforms – with all the problems that this entails.
Gems leverages the incentive mechanisms that blockchain technology enables, and in a clever way lets works stake tokens in order to prove validity of their tasks. This is a great example of how blockchain technology can solve the problem of trust between two parties.
The first main area that Gems is focusing on is labeling data for deep learning – a field within machine learning and artificial intelligence which has been hugely successful in advancing solutions for problems such as natural language processing and image recognition.
I wont go into more details but if you would like to know please read the whitepaper and also if you choose to invest only invest what you can afford to lose. p.s I am not a financial adviser.
Website : https://gems.org/
Whitepaper : https://gems.org/whitepaper.pdf
Telegram: https://t.me/gemsorg
Intro video :
twitter: https://twitter.com/gems