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      "body": "@@ -1,8 +1,80 @@\n+https://cdn-images-1.medium.com/max/1000/1*sCgSeHEvxvlM7IuhRmCyLA.jpeg%0A%0A\n It all s\n",
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      "title": "ArcBlock — the first DApps ecosystem built for Blockchain 3.0",
      "body": "It all started with Bitcoin — the so called Blockchain 1.0 gave the world its first cryptocurrency and introduced the use of ledgers, public, private keys and signatures to keep track of transactions. Then, Etherium came along — the Blockchain 2.0. Smart contracts came to life which pretty much created a whole new dimension in the crypto world and what it was capable of. So what is Blockchain 3.0? DApps. Decentralized Apps are open sourced and fueled by selfgenerated crypto-tokens with an inbuilt consensus mechanism. They have a wide range of capabilities and have to potential to further disrupt the blockchain technology.\n\nThe problem is, however, it is still very hard for DApps to be successful. The blockchain is very complicated on its own and that puts off a huge number of users from the very beginning. There is a dire need of simplification of the entry level requirements, that will open it up a whole new wave of users. There are problems on the development side too — the bottleneck there are the low amount of possible transactions per second, as well as their high prices. In other words, blockchain 3.0 must strive for simplicity and a way to allow certain services to run fast and cheap in order to foster growth and mainstream adoption.\n\nThis is where ArcBlock comes in with their goal to solve all the issues listed above, by providing a product that is both a platform and an ecosystem for building and deploying decentralized blockchain applications. For those of you that follow the DApps projects closely, ArcBlock’s value proposition might sound a lot like what EOS is already trying to do. Although you will be correct, there is one key point, which shows how different these two projects are. While EOS is attempting to solve all existing blockchain issues by creating its very own blockchain, ArcBlock wants to create its ecosystem around the already existing blockchains such as Etherium and Hyperledger, instead of creating a new one.\n\nThere are four major pieces that when combined together form the ArcBlock ecosystem — the Open Chain Access Protocol, Blocklets, The Decentralized PUB/SUB Gateway and the Token Economy Service.\n\n**Open Chain Access Protocol**\n\n<center>https://cdn-images-1.medium.com/max/800/1*bM7bohCgsErxqSoAeEOaFw.png</center>\n\nAn open source protocol that provides DApps devolopers with an abstract layer for accessing underlying blockchains. This would enable apps to run on different blockchains without the need for revamping their business models. Developers can build an app for one chain, switch to another at any given point in time and later on even come back to their original one if they find the need to do so. This provides a lot of flexibility for developers, which can utilize it in order to deliver higher quality apps.\n\n**Blocklets**\n\n<center>https://cdn-images-1.medium.com/max/800/1*RqQoKgNSxpahgoEPG_X08Q.png</center>\n\nBlocklets represent a serverless computing architecture that runs various types of applications. Each of them can be used for smart contracts, oracle, resource and asset handling as well as off-chain business logic. Blocklets communicate with the different blockhains that its apps are built upon via the Open Chain Access Protocol discussed above. Each blocklet is orchestrated with ArcBlock’s Algorand-based consensus algorithm.\n\n**Decentralized Pub/Sub Gateway**\n\n<center>https://cdn-images-1.medium.com/max/800/1*-GWcwxMfiofNK0aYYYVydQ.png</center>\n\nA distributed messaging system that supports publish/subscribe and acts as an API gateway for Blocklets. This pattern provides much greater network scalability and more dynamic network typology. In other words, future DApps built for the ecosystem will be able to run on both web browsers and mobile apps, which presents the user with reactive, real-time experiences.\n\n**Token Economy Service**\n\n<center>https://cdn-images-1.medium.com/max/800/1*0X9zTXhlw6_uqU3JBy7alA.png</center>\n\nThe platform will present future DApps built on it with a fully customizable token economy manager. This way, a decision rely on the ArcBlock networks is not only an cost but also time-effective, saving future developers a lot of troubles with designing their own blockchain and token economy.\n\nSo far, this sounds like a truly revolutionary technology which has the potential to become a major player in Blockchain 3.0. But let’s not forget that this project is still in development. So although a lot is promised and the platform launch has been set for sometime in 2018, the road is still quite long before we the ecosystem is released. 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Flavien also spent 6 years at Microsoft where he worked on AdCenter Analytic among other projects. In 2010 he moved on to co-found Seattle Entrepreneurship Club where the was a chairman board and director. in 2013 he left and co-founded another company in Seattle — PixoMobile of which he is still a CEO. Evidently both Robert Mao and Flavien have a great track record of both working for renowned companies as well as having entrepreneurial experience, and the fact that they worked together on the same project before is a good indicator for their synergy.\n\nIn conclusion, the project is a very ambitious one, but all the signs are there for it to be a successful one — the technology is promising, the team is an experienced one and following the 2018 roadmap will tell us if the project can truly live up to its potential to revolutionize the DApps market.\n\nYou can check more about the project on their [website](https://www.arcblock.io/) or join their [telegram channel](https://t.me/ArcBlock).",
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      "permlink": "gems-an-etherium-protocol-taking-aim-at-amazon-s-mturk",
      "title": "Gems — an Etherium protocol taking aim at Amazon’s MTurk.",
      "body": "![promo.png](https://steemitimages.com/DQmTdc9AEourKFZG86eFU8wbNYcaYYqWhDutvbdSx2t2AqW/promo.png)\n\nIn order to fully grasp the importance of this project one must possess a clear understanding of that HITs are as well as what the MTurk is. The former, an abbreviation for Human Intelligence Tasks, are tasks that require human intelligence, e.g. tagging pictures with specific imagery on them, moderating video content, filling out questionnaires and so on; the latter is Amazon’s Mechanical Turk — a service that allows companies to outsource their human inteligence tasks.\n\nSo what’s so wrong with that service that would inspire the Gems’s team to come up with a decentralized blockchain alternative? Turns out the answer is a lot…\n\nMTurk’s employees have to spent high amounts of time on tasks that sometimes have already been performed by some of their employees. This is because Amazon has to ensure the initial solution is the proper one and it is 100% correct. Moreover, employees are never payed per task and most of them end up with below minimum wages per hour. Signing up as a worker on MTurk is a long and tedius process too, not to mention that not having a bank account immediately makes you ineligible for the job (fun fact — about 35–38% of the world population does NOT own a bank account).\n\nCompanies that want to work with Amazon are also going through a lot of financial trouble to ensure their HITs are being taken care of. Sometimes as much as 40% of the price for handling the tasks goes directly to MTurk. Furthermore, Amazon’s main competitor on the market — CrowdFlower — is also charging fees as high as $3000 for on boarding and up to $1500 per month. In addition, those number can rise up with additional 15% based on employee fees.\n\nThis is where Gems come in — a protocol that is built on top of the well known Etherium blockchain, which will allow people to complete micro tasks without the need of a middleman. Gems is split in 3 levels:\n\n- The Gems protocol itself: it will allow DApps to be built on top of it in and essentially assess the validity of work and trust of the networks future participants.\n- The Gems platform: the place where the magic will be happening — companies with HITs will be paired with eligible workers that will complete their micro tasks.\n- Modules: reusable open-source task interfaces that will enable efficient micro task creation for requesters and completion for workers.\n\n<center>![Pros&Cons.jpeg](https://steemitimages.com/DQmPkr44m4gjyfuonH6KBpsU5ryDv61Se5EY7LAc5VarKBP/Pros%26Cons.jpeg)</center>\n\n\nYou can pretty much see how revolutionary this project is in terms of its MPV. Implementing staking and trust scoring mechanisms will make the current economically inefficient model employed by MTurk a thing of the past. Workers will no longer have to reconfirm tasks done by others and instead will focus their time on task that are yet to be completed. And the best news is that they will finally be able to get a reward proportional to the complexity of the micro-task they are trying to take care of. In addition, as everything crypto related, the need for an old-school bank account is eliminated, meaning every computer literate worker with an internet connection can become part of Gems. Oh, and let’s not forget how profitable such a switch will be for companies which will no longer have to over-pay for the services of the monopolist on the market\n\nThe Gems team… This is the part where you might have to lower your screen brightness for what’s about to follow will shine!\n\n<center>![founders.jpeg](https://steemitimages.com/DQmRVYYQifU9iD2296o3Dr6oXyckouwywNvobJtVLuuC8GF/founders.jpeg)</center>\n\nRory and Kieran O’Reilly are Harvard dropouts, both in their early twenties and both already recognized by the prestigious Forbes list “30 under 30”. While still at Harvard, Rory was named among the 19 “most impressive” students. Later on Rory and Kieran started gifs.com where they took the CEO and CTO positions respectively. And last but not least, both of them are Thiel Fellows (participants in the “The Thiel Fellowship” — a special program for bright school dropouts that opted to start their own thing).\n\nAnd now, time for the cherry that comes on top … *subtle drum roll* …\n\nBiz Stone ladies and gentlemen!\n\n![biz-stone-twitter-co-founder-portrait-oct-2016-billboard-1548.jpg](https://steemitimages.com/DQmPKcnQz4hv2UmfHxaNaVFtic45VEzp9p5sxfRj5u3jXgw/biz-stone-twitter-co-founder-portrait-oct-2016-billboard-1548.jpg)\n\nBiz is listed as the lead advisor on the project and I can rest assured that young Rory and Kieran are in good hand when it comes to the challenges they are about to face with their project. Having co-founded both Twitter and Medium, Stone is one of the most prominent and experienced social-media and tech entrepreneurs. The only real challenge in front of him is to transfer his expertise into the crypto world. Will he be able to steer Gems’ team through the wild waters of the crypto see? Only time will tell.\n\nIf you want to learn more about Gems and their team, be sure to check out this video and their social media channels listed below.\n\n<center>https://youtu.be/FYY1fnxutCA</center>\n\n- [Web](https://gems.org/)\n- [Whitepaper](https://gems.org/whitepaper.pdf)\n- [Medium](https://blog.gems.org/)\n- [Twitter](https://twitter.com/gems)\n- [Telegram](https://t.me/gemsorg)",
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