The HUMAN Protocol is empowering the creation of decentralized and automated job markets. It aims to enhance the way humans request and complete tasks. It achieves this by converting work or contributions into tokens and streamlining the process of initiating, assessing, and compensating this work on the blockchain.
What is The Purpose of The HUMAN Protocol?
The HUMAN Protocol is a secure and scalable infrastructure that facilitates interactions between anonymous parties seeking to request and fulfill work. It establishes a framework adaptable to incorporating machines into workflows to automate tasks. The cornerstone of this emerging digital work economy is trustlessness, achieved through the implementation of smart bounties that securely hold funds in escrow and a comprehensive reputation and evaluation system embedded within the network. These features instill confidence in all participants operating within the Protocol.
HUMAN Protocol offers a comprehensive end-to-end infrastructure. It encompasses tools, plugins, integrations, and APIs, designed to efficiently hire, manage, validate, and compensate a large workforce. Its primary objective is to enable the creation of automated global job markets. Here, any individual or machine can virtually post a job. Meanwhile, any entity possessing the required skill set can complete the associated tasks. Through HUMAN Protocol, the world’s opportunities for work, learning, collaboration, and earning have the potential to become more accessible.
How Does The HUMAN Protocol Work?
The HUMAN Protocol serves as an execution layer within a broader ecosystem. Specifically, the HUMAN Routing Protocol (RP) defines the interaction mechanisms for third-party contributors within the network. This includes guidelines for pricing, operator discovery, staking, slashing, and voting models.
Therefore, let’s delve into the resources and key players involved in the lifecycle of a job:
- HUMAN Token (HMT): HMT serves as both the payment method for Workers upon job completion and the token Operators use to stake while running Protocol services.
- Requester: Requesters initiate job requests and pre-fund a smart bounty with HMT.
- Smart Bounty: Smart bounties securely hold HMT in escrow until Workers complete tasks according to specifications. Requesters have the option to cancel bounties. However, they cannot unfairly withhold work. The Recording Oracle assesses work, updating the smart bounty to allocate funds for successfully completed tasks. Any remaining unused funds can be returned to the Requester.
- Job Launcher: Requesters use a Job Launcher to configure job parameters and launch them into the HUMAN system. A blueprint is available for anyone interested in running their own Job Launcher.
- Exchange Oracle: This component retrieves off-chain data from applications that complete work, such as hCaptcha, Audino, and CVAT.
- Recording Oracle: The Recording Oracle verifies the work performed by the Exchange Oracle. It maintains a continuous record of Worker responses and offers an initial evaluation of work quality.
- Reputation Oracle: Evaluating the work assessed by the Recording Oracle, the Reputation Oracle delivers a final assessment of work quality. It assigns reputation to the Worker’s address or identity and updates the smart contract for payout.
- Dynamic Chain Stats Oracle: This Oracle evaluates the optimal chain for execution, considering factors like HMT liquidity, network congestion, and the number of Workers. This process may involve querying the Graph for liquidity data.
Benefits of Using HUMAN Protocol
There are a variety of benefits to using HUMAN Protocol. For starters, it enhances the workforce. The HUMAN Protocol empowers workforces by tokenizing and standardizing tasks of various sizes and complexities. This benefits both companies and individual workers, enabling them to optimize their time and resources independently, without reliance on any centralized entity.
Furthermore, it facilitates the global job markets. HUMAN Protocol supports the creation of decentralized job markets. It also facilitates secure, trustless transactions between parties on both sides, all without the need for intermediaries. Instead, software enforces the rules, ensuring transparency and fairness.
It also pioneers AI advancements. HUMAN Protocol aims to broaden the horizons of AI by expanding human-to-machine interactions and increasing the volume of labeled and interactive data. This provides AI companies with the essential datasets and feedback required to develop cutting-edge products for the future.
Where to buy HMT Token
You can find HMT Token here at MEXC! We are listing HMT/USDT in our Innovation Zone!
What is the Price of HMT Tokens?
The HMT Token is currently trading at MEXC with a live price of $0.04608. You can check the live price of their token right here!
How to buy HMT Tokens on MEXC
You can buy HMT Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “HMT” using the search bar to see the available trading pairs. Take HMT/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of HMT you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy HMT] to confirm your order. You will find the purchased HMT in your Spot Wallet.
You can find a detailed guide on how to buy HMT Tokens here.
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