Human Protocol’s Blockchain-based Marketplaces For Freelancers
January 12, 2021 | Leslie Michael Jr. | Crypto Coin Show
Human Protocol is building blockchain-based decentralized infrastructures for freelancers that power marketplaces, where humans and machines can collaborate to solve any fungible task.
Ashton Addison spoke with Harry Singh, Technology Director at Human Protocol, on human and machine collaboration, their multi-chain engine, labor marketplace, their mainnet release, ambassador program, grants and more.
“There is someone in the digital realm that wants something done. It could be a physical job, like getting your food delivered, or taking you one place to the other or someone designing a logo. And there is someone on the opposite side that can deliver that. No there are centralized plaforms like Swiggy and Uber, UberEats and similar platforms provide platforms to cater to this.”
Singh explains all of these platforms have something in common. Four levels process.
1. Job creation.
2. Matching a job to a particular person that can solve it based on their skills and ability.
3. Verification the work is done
4. The settlement and the person getting the solution.
Then there’s Human Protocol’s new decentralized level
If Uber was being born today, Singh explains they wouldn’t have to build out that tech. They would just leverage certain protocols to build that platform and then focus on the business development.
“At Human Protocol there is an abstract level where someone can just create an engine that powers marketplaces like this.”
In the debate over centralized versus decentralized platforms Singh uses the example of a driver or food delivery person in centralized companies. Centralized companies have all the control and can possibly decide not to pay them out or charge penalties, or call their work obsolete.
On the other hand, the same services in an entirely decentralized system has no say in that part of the process. It’s all governed by multiple actors playing in the system in different roles.
Settlement is a major issue for service providing platform users and decentralized platforms can open huge doors.
This end to end process is live now while the team is adding more features to the decentralized Human Protocol marketplace platform. Users access it to complete tasks and earn HMTs a utility orientated token on the Ethereum Mainnet for each task successfully completed.
Here is the full interview of Harry Singh Doyle, Technology Director at Human Protocol, with Ashton Addison, on the Crypto Coin Show to learn more.
Standard Disclosure:
The Information presented on Crypto Coin Show platforms is provided for educational and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this platform is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this platform and provided from or through this platform is general in nature and is not specific to you the User/Reader or anyone else. The interviewers and writers are not financial advisors. We are strictly giving our opinion and discussion of the content in this video. Always do your own Research (DYOR) on projects and understand the risks of any investments made.
All Rights Reserved.
