- The HUMAN Protocol is entering the Elrond Network.
- Together they will provide a much faster and sustainable service.
- In harmony, they will further revolutionize the distributed job market.
The Human Protocol Foundation is joining the Elrond Network to further revolutionize the distributed job market. This collaboration will enable a global network of hundreds of millions of workers to begin operating at an internet scale.
Originally launched on Ethereum, the HUMAN Protocol quickly faced throughput challenges and feature limitations. Thus, to secure its mission of creating a truly global work marketplace, the protocol made the decision to switch to the Elrond Network.
Here, the protocol can crunch up to 15,000 transactions per second. Not to mention, additional features such as smart accounts and tokens embedded into the protocol. To highlight, Elrond recently became carbon negative, thereby posing as a great option to boost sustainability.
The CEO of Elrond Network, Beniamin Mincu, says:
With hundreds of millions of people powering through the immense workload required for training neural networks, the field of machine learning is set to make enormous progress. We’re excited to contribute the Elrond Network capabilities to the HUMAN Protocol mission and establish a global network of workers operating at an internet scale.
Above all, the HUMAN Protocol enables a blockchain-based labor marketplace. Specifically, it is redefining the way humans and machines work together. The protocol connects the world’s workforce to the limitless demand for human annotation of raw data.
In doing so, it will work to expand opportunities for all people around the world. More so, it does this whilst efficiently tackling the vast need for human reasoning in building revolutionary AI systems. Additionally, Requesters share tasks that need human reasoning and Workers solve them in order to earn HMT.
By collaborating with hCaptcha — a bot-blocking application used by 15% of the internet, users can receive payment for the work they do when they complete a CAPTCHA. HUMAN is the visionary that supports the on-chain deployment of this application and more.
Thanks to the integration of tools such as the Intel CVAT (Computer Vision Automation Tool), data exchanges built on the HUMAN Protocol can cater to a wide range of data processing needs. To add, it will rapidly make tasks available to Workers based on their reputation and capabilities.
All in all, Elrond Network’s high throughput, low latency, inexpensive transfers, rich features, and sustainability offer a powerful, spellbound layer of trust that will efficiently equip the HUMAN Protocol. With all this, the protocol can onboard hundreds of millions of users into decentralized work pools and dispense billions in rewards as micropayments.