A permissionless protocol for exchanging Human (HMT) labor, knowledge, and contributions through jobs.
Human Protocol creates the space for a new labor market to emerge in the shape of a worldwide network. It’s the area where the decentralized market can be formed, accommodated, and automated.
Almost any job can be offered in protocol, thanks to the team’s ability to handle administration, job evaluation, and task compensation.
The platform is backed by a top-tier staff, was co-founded by Harjyot Singh, and is equipped with cutting-edge technology.
The design’s primary purpose is to collect a big amount of human feedback from the marketplace in order to assure a high-quality experience. The first focus has been on developing a revolutionary machine learning protocol that can be turned into a universal toolset.
- 1 What Does Human Protocol Entail?
- 2 Inside look at Human Protocol
- 3 The Core Team and the Founder
- 4 HMT Token
- 5 Human Protocol’s Additional Features
- 6 Is Human Protocol the Way of the Future?
What Does Human Protocol Entail?
Human protocol (HMT) provides the foundation for organizing, compensating, and evaluating human labor pools in decentralized labor marketplaces and exchanges. It’s a place where genuine data can be easily acquired and connections can be created.
Human allows users to search a pool of millions of workers with various skills at a lesser cost than traditional workpools or websites. If a workload increases, the chore of finding new talent becomes easier as a robust platform for B2B Requesters.
There would be no more middlemen between employers and employees in B2C. To apply for a job, no one needs to sign up for numerous platforms, and no platforms receive a part of the final payment. Contact is made directly with the employer, simplifying and improving interactions.
Inside look at Human Protocol
There are two methods to connect on the platform right now, and the goal is to provide each type of user a separate flow as the service grows.
Employers and Clients
A requester must first purchase HMT before they may propose a job. The Requesters must explain the position and select which job exchanges they want to offer it to. (For example, video, text, and so on.) Finally, they make an offer that includes remuneration for the work completed, and Protocol handles the rest. Only the requester has access to the results and has the ability to cancel the job.
For Employees and Professionals
The software learns about a worker’s abilities by filling out an application. This, paired with the needs of companies, results in an efficient manner for people to obtain employment offers that match their qualifications. Not only for now, but also for future opportunities. The worker can begin using the app once the user has been validated.
Workers can also come from other sites
Workers will sell services using the app if a job exchange website decides to add Human Protocol. The worker will be unaware of its contact with the platform, but their profiles will be visible to any job site that wishes to take advantage of Human Protocol’s capabilities.
As the website grows in popularity around the world, more people will use it. As a result, the utilization of the HMT token will increase, and fees will serve as the revenue model’s foundation. The company will benefit not just from increased token usage, but also from the monetization of its token as the HMT token grows in popularity.
The Core Team and the Founder
Human Protocol is redefining how individuals connect and interact with blockchain technology. Take a peek at the people that are working to make Human Protocol a reality.
Harjyot Singh, Director of Technology
Human Protocol (HMT) Technology Director is Harjyot Singh. He is in a wonderful position to help Human Protocol make ideas a reality as an experienced engineering leader. Singh has extensive financial and distributed computing skills. Before becoming an entrepreneur, Singh spent over ten years working for a variety of companies. Prior to Human, Singh launched two companies that dealt with concerns including privacy and disinformation management.
Finance Director Eoin Whelan
Eoin Whelan began his career as a senior consultant for a number of financial services organizations. PwC and EY are two of them. He developed abilities in strategy, worldwide tax legislation, and regulation for financial services and consumer technology companies, earning him recognition as a financial design adviser.
Protocol Designer, Alex Newman
Alex has spent more than two decades building and leading software engineering teams for a variety of organizations, the majority of them as a founder where he could focus on database and distributed systems. In the Human Protocol team, his abilities are well-suited.
Anyone who trades on the internet market uses HMT as a means of exchange. On the platform, HMT is made, transported, and stored along the lines below.
The requester will purchase Human Protocol HMT and pay for a job offer in advance. The HMT is kept in a smart contract-based escrow system. HMT is earned through employment sourcing websites and workers. They bid on HMT and are paid HMT for completed work.
The Reputation Oracle verifies whether or not a task has been accomplished. The Oracle of Reputation decides if the job was completed correctly or not. If it occurs, the HMT is sent to the wallet of the worker. If the job delivered does not match the request, the HMT is returned to the Requester by the Reputation Oracle.
The exchange assigns labor based on the reputation of the workers. The worker’s reputation is based on the quantity of HMT they now have or the biggest amount they have ever had. For connecting workers with requesters, the exchanges receive HMT.
Human Protocol’s Additional Features
Human Protocol’s platform already includes a lot of useful capabilities. Here’s how it generates value through unique development.
The Ambassador Program is designed to reward Human Protocol users for spreading the word about the platform. The major purpose is to educate their personal network about the Human Protocol and urge them to use it. This should be a winner, given the current interest in online jobs.
Proof of Humanity (POH)
Bots are no longer an option (if needed). Requesters can rest assured that their applications will be handled by real people (or machines if that is preferred). Due to the platform’s proof of humanity, developers would know that the users are real individuals. This program allows you to assess whether a market event is real or not with over 100 million people.
On-Chain Oracle of the IMOO Information Market
With the IMOO, Human Protocol will be able to collect a massive amount of data and feed it into a central oracle. The possibilities are unlimited, and this information is incredibly significant.
Is Human Protocol the Way of the Future?
Online job searching isn’t new, but Human Protocol’s tools have carved out a niche for the platform in the industry. It’s particularly encouraging to see the platform prioritizing people over bots in online job markets.
Human Protocol is poised to succeed in the booming online employment market, thanks to a strong team and some innovative new concepts. Click here to discover more about Human Protocol!