Why Gems is a Precious Gem among a Sea of Crazy ICOs

Somehow we appear to have gradually lost the spirit of decentralization and what feats this gem of an invention could have brought to the humanity. The idea that inspired the world to adopt distributed ledger technologies (DLTs), in the first place, was that of making the world a freer, more equitable and better place to live. But looking at the current ecosystem, it is reasonable to assume that we are far from realizing that. Now-a-days, we are more accustomed to finding an unending stream of ICOs throwing all kind of ideas and a host of quick “investors” or “flippers” who are ready to improve their bottom lines at the very first opportunity possible. It is truly hard to find projects that truly stick and carry a wider philosophy and impact for the world as whole.

When I got into the blockchain space, the idea of empowering the masses through leveraging the genius of DLTs was aspiring at the least. Fast forward six months, now all I can see is an influx of projects coming into the space from all corners for various reasons — one of them, possibly, is the utter need to have quick seed financing done. Looking at the human desire of making quick crypto bucks, I started realizing that we, as a human race, may not be able to realize the true potential of a peer-to-peer and trust-less system and what it had in store for the humanity. But then I stumbled upon a project calling itself Gems a few days ago.

As usual, I started critically discerning their whitepaper to assess what promise they wanted to bring to the table. At first, I didn’t understand the core philosophy behind Gems and lost my interest, but a little research unearthed the true potential of what Gems could do for the global marketplace for Human Intelligence and Micro Tasks currently dominated by a few centralized players.

According to their official web-page, Gems is a decentralized mechanical Turk. This means that both requesters (task providers) and Turkers (Human Intelligence labor), from all around the world, could now transact with each other directly on a more fairer, efficient and productive manner removing the inefficiencies of the old centralized models where the connecting platforms used to be the major cause of socioeconomic and productive inefficiencies and bottlenecks. Gems further illustrates in their FAQ that “Gems reduces consensus by redundancy, increases pay for individual workers while decreasing total pay for requesters, creates efficient interfaces, eliminates large fees, allows others to build innovative DApps on top of it, and enables computer literate workers with internet to work with or without a bank account. “

Analyzing the severity of the whole project and the inclusive emphasis Gems is placing on the wider global community of service providers and intelligent task workers, I started to feel the true meaning of what it meant to live in a truly decentralized and equitable world. The core philosophy behind Gems feels like the world preparing to be ready for becoming a more fair and equitable place for all of us. Gems inspires me to do something good and if you feel the same, then it is surely headed towards achieving greater things ahead.

For inspiration and more information, feel free to check their following resources:

Web: https://gems.org

Telegram: https://t.me/gemsorg

Whitepaper: https://gems.org/whitepaper.pdf

Disclosure: All the above observations are true and unsolicited reflections of my own and I am a true admirer of the Gems Project.