What is Gems?
Gems is the protocol for decentralized mechanical turk. People will use Gems to complete micro tasks. Similar to that of the Amazon mechanical turk (MTurk)
There are 3 levels to Gems:
Gems Protocol: The Gems Protocol assesses the validity of work and trust of network participants; DApps will be built on top of the Gems Protocol
Gems Platform: The first platform built off of the Gems Protocol; pairs workers and requesters for micro tasks.
Modules: Reusable open-source task interfaces built on the Gems Platform
Source: FAQ
Check out their video here;
Gems is powered by Ethereum - this will be beneficial because it will speed up payment processing and open up the pool of users. This will also drastically reduce the fee's to the task requester and the worker. Amazon currently charges 20% for requesting workers and an extra 5% for workers with a good track record. Tasks with 10 or more jobs are charged another 20% fee on top of that.
You might think that it would be very difficult for Gems to go head on with a giant like Amazon, but here are some reasons why it should do well;
- Allows participants with no bank accounts to use the platform and become a worker
- Implements very low fees to transact unlike Amazon Mechanical Turk which can be up to 40%.
- Uses the Ethereum blockchain
- Already has a good community - Check out their Telegram which has 33,000 members
- It seeks to unlock massive potential in the global labour force
Personally I think that Gems is a very interesting ICO that has the potential to completely change the face of the micro-tasking industry. I'm definitely keeping my eye on this one
Website - https://gems.org/
Telegram - https://t.me/gemsorg
Follow for more - https://steemit.com/@dplus