Decentralized platform Acorn Protocol aims to address data labeling challenges in the gig economy and ensure fairness for workers and employers
SINGAPORE, Jan. 24, 2023 /EINPresswire.com/ — Two weeks ago, the Acorn Protocol, a decentralized platform aimed at addressing the challenges of data labeling in the gig economy, was officially launched. In today’s episode of “Innovations in the Gig Economy,” we have the team behind it to discuss the issues that led to the creation of the platform, how to solve these issues, and how it works in practice. We will also discuss how the Acorn Protocol ensures fairness for workers and employers and how it can help during the COVID-19 pandemic.
Interviewer: Can you elaborate on the issues that led to the creation of the Acorn Protocol?
Acorn Protocol Team: Understood. As the demand for machine learning techniques grows, so does the need for training data. The data labeling process is labor intensive and is often outsourced to developing countries through multi-stage intermediaries. This practice has been criticized as akin to exploitation. Because cross-border collaboration often has significant power imbalances and information asymmetries, middlemen often hold a disproportionate share of the profits. Intermediaries may cut employee wages, increase working hours, suspend accounts, or cancel projects in an effort to reduce costs.
Interviewer: That sounds like a serious problem. How does Acorn Protocol aim to solve these problems?
Acorn Protocol Team: Acorn Protocol is a decentralized platform that uses blockchain technology to create a trustless global labor market, enabling collaboration between employers and workers without physical or geographic restrictions. Make it possible. Work can be broken down into smaller tasks that can be distributed and completed quickly. Results are verified by worker inspections and rewarded or penalized in real time. The Acorn Protocol could be a useful tool for companies looking to ensure fair compensation for their workers while leveraging the benefits of remote and outsourced work.
Interviewer: That sounds like a very innovative solution. Can you elaborate on how the acorn protocol actually works?
Acorn Protocol Team: Workers can join the platform by downloading the app, registering, and choosing a project. After receiving training and completing assigned tasks, employees can receive real-time rewards in the form of Liquid Tokens. Task results are verified by the platform through cross-checking between workers, and prompt feedback and rewards or penalties are given based on the results.
Interviewer: Thank you for your explanation. How does the Acorn Protocol ensure fairness for workers and employers?
Acorn Protocol Team: Acorn Protocol uses a Decentralized Autonomous Organization (DAO) structure, allowing all members to participate in decision-making through staking and voting. This ensures that all parties have a say in how the platform operates and that all decisions are made in the best interest of the community as a whole.
Interviewer: How will the Acorn Protocol help during the COVID-19 pandemic?
The COVID-19 pandemic has had a major impact on the job market, leaving many people out of work and looking for new ways to earn a living. The decentralized nature of the platform will increase the transparency and fairness of the labor market, benefiting workers in low-income countries who may have limited local employment opportunities.
To learn more about the features and benefits of the Acorn Protocol, visit the Acorn Protocol website or download the Acorn Box on the App Store and Google Play. Comprehensive white papers are also readily available.