- HUMAN Protocol has launched its blockchain coordination layer called Routing Protocol.
- Routing Protocol will now handle several key network components.
- The HMT token is at the center of HUMAN Protocol and facilitates network activities.
The decentralized workplace project HUMAN Protocol has added a blockchain coordination layer, Routing Protocol. The added layer improves the functionality of the blockchain on several levels.
As a trustless task-based work and compensation environment, Routing Protocol improves the ability of vendors, human and machine, to define and deploy jobs by taking the weight off the reputation and recording oracles to record answers provided by workers and evaluations, thus increasing transaction speeds and fidelity.
Routing Protocol will now handle several key network components, including proof of balance, compensation negotiation, and detection of network generators, allowing for improved governance with network improvements and updates.
This also opens up the platform by allowing an influx of those who want to deploy and operate network components. It also resolves execution between participants and gives key players the ability to go head-to-head regarding task completion, boosting the job economy and increasing efficiency.
As an open-source project, Routing Protocol allows for community participation, which preserves the integrity of the codebase. As the adoption expands, Routing Protocol will serve as the foundation for other opportunities in a world where work is changing dynamically.
Is HUMAN Protocol the Future of Work?
With the aftermath of the COVID-19 pandemic and the global economy in decline, the notion of established working environments has changed. Prototypes for automated systems that will define employment in the coming decade are needed to change the paradigm.
Decentralization will become an integrated part of the working culture as workers and employers transit from centralized archetypes. Automation is already taking center stage as benefits emerge-Cost reduction in operations, increased competence, improved productivity, and a reduction in the cost of transfer for compensation. That is, in addition to the security and reliability of blockchain technology.
Blockchain protocols offer all that and then some. Using network operators, besides deploying data oracles, provides improved quality assurance for all the phases of talent acquisition and utilization. The rise of automated systems is inevitable. The difference is that decentralized and automated workforces allow for scaling. This allows for new ways to list jobs and improve work clusters.
The HMT token is at the center of HUMAN Protocol and facilitates network activities. Workers get paid without the added burden of accounting departments and taxation payment systems with errors on the human end.
This brings the gig economy to the forefront as blockchain-based mass micro-payments provide a renewed edge. With less dependence on long-term commitments, employers will define standards and plug into the ecosystem without worrying about results. Everything gets decided from scratch, and activities can occur on the fly.