GEM ICO

Gems is a protocol for contracting workers to perform micro tasks. Workers stake tokens in order to prove validity of their tasks and earn a reusable computed trust score, enhancing the cost-efficiency of the network while democratizing access to scalable micro task workers.

Micro Tasks are described in the whitepaper as: Micro tasks are small tasks that require human judgment, can be completed independently over the internet, and are part of a larger united project. Micro tasks aid organizations that need humans to complete tasks computers otherwise cannot.

A good example of a micro task would be tagging photos for specific content. This is a task that is still beyond the capability of AI, and thus requires human intelligence to perform.

According to the whitepaper, Gems aims to solve the following issues with the microtask industry:

Removing the middleman taking a large fee: Current middlemen take fees of up to 25% for each task.
Verifying accuracy of results from crowdsourced tasks: Currently this is done by having up to 15 people perform the same task in order to verify accuracy
Supplying and building reusable interfaces: Currently requesters have to build their own under interfaces
Removing the need for existing banking infrastructure: Those without bank accounts are unable to receive payment for tasks, thus limiting the supply of workers