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Home Blockchain

How Companies Like Meta are Getting in on the Blockchain Craze

admincrypto by admincrypto
January 16, 2022
in Blockchain
How Companies Like Meta are Getting in on the Blockchain Craze
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Human Protocol is a permissionless software to facilitate the exchange of human work, knowledge, and contribution. It is a trustless layer that sits on top of existing blockchains within which any type of work can be represented, verified, and rewarded. This creates new decentralized job markets in which there is no intermediary control, as can be seen on freelancing platforms such as Upwork, or crowdsourcing solutions such as MTurk. China has been actively cracking down on cryptocurrency trade and mining since May 2021, causing a tremendous blow to cryptocurrency exchanges, mining companies and investors.

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Ishan Pandey HackerNoon profile picture

Ishan Pandey

Crypto Veteran. Tokenization, DeFi and Security Tokens – Blockchain.

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Ishan Pandey: Hi Harjyot, welcome to our series “Behind the Startup.” Please tell us about yourself and the story behind Human Protocol?

Harjyot Singh: I have spent the last decade working as technical lead across quite a few projects, primarily focused on utilizing AI in the finance & distributed computing domain. I also founded two successful ventures, building infrastructure to tackle misinformation, bias, and privacy issues. With that kind of background, HUMAN Protocol was the natural choice for me

HUMAN Protocol began with the idea of taking the technology and crowdsourcing capability of hCaptcha, a partner application and putting them on-chain. But once we achieved this with one type of task – namely, the labelling of images – we began exploring how the exact mechanisms could tokenize any type of task and what future of work that could make possible.

The gig economy is growing. Microwork is increasing. The ways we work are changing, and HUMAN Protocol (“Protocol“) provides a new infrastructure to meet that change. All work tokenized, automatically (and securely) parcelled out to global workforces, verified, and rewarded.

Ishan Pandey: Please tell us a little bit about the protocol and its underlying technology to support decentralized job markets.

Harjyot Singh: The…

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