Human Protocol Fundamental Analysis

August 24, 2021

In the times of technological revolution and advancements, Artificial intelligence or machine learning still makes it to the top of the most significant technology of the era. It is no surprise that the deep learning revolution has reshaped machine intelligence by changing the way we look at machines now. It has brought machine intelligence to human-equivalent levels in many areas, but it is still to be applied fully on a large scale in society. 

WHAT IS HUMAN PROTOCOL:

The HUMAN Protocol is an open blockchain protocol and a broadly applicable decentralized solution for organizing, evaluating, and compensating individuals and businesses while placing a value on human labor. The platform is overseen by the HUMAN Protocol Foundation, an independent open-source community of stakeholders who share its vision of developing a blockchain solution for a more secure and ethical internet space.

The HUMAN Protocol seeks to quantize complicated tasks by factoring them into easy and doable sub-tasks. This division of labor features efficiently recruited human labor enabling frictionless, uninterrupted, and universal distribution of work. Moreover, the Protocol also allows mechanical evaluation of the quality of the work, and automatic payment methods while providing transparent market-driven economics to set the price.

In short, The HUMAN Protocol is a permissionless, blockchain-based solution that paves a way for people and machines to work together. The platform works in a way that ensures if websites are receiving genuine human traffic and engagement. This is done by asking questions only humans can answer and machines cannot without human help.

THE HUMAN PROTOCOL ARCHITECTURE:

For HUMAN Protocol to function, an information relay bridge is of utmost importance. It is because Blockchains are only good at determining who is writing data into the database and do not verify the data itself. For this purpose, a reliable external source is required to verify if the data is true, relatable, and appropriate in the particular context.

Oracles are such third-party bridges that enable a more flexible and robust cross-chain deployment of data and information. An oracle is a layer that verifies and authenticates information and relays it from external sources to the smart contract. Hence, with its oracles, HUMAN Protocol takes the weight off a blockchain system by relaying essential information to the Exchange.

However, the HUMAN Protocol did not always have the oracles. At first, when it was built, the protocol had no oracle infrastructure to fulfill its vision. HUMAN's integration with Chainlink now provides the basic architecture and reputation system to make it function properly.

Exchange oracles:

Exchange oracles help pick up tasks with pre-funded bounties and ensure that workers are properly compensated. The oracle also manages the bidding information on job types and direct tasks toward HUMAN Protocol's distributed work pools across main crypto protocols like Ethereum, Polkadot and Solana.

Reputation Oracles:

Reputation oracles have access to the comprehensive dataset from a Requester of Work which allows them to oversee the full job and evaluate the quality of the work submitted. After making the final evaluation of answer quality, Reputation oracles attribute a reputation score to a worker and record these scores on-chain. This is done by looking into the hidden data from the Requester in order to prevent collusion. Moreover, the oracles also release work bounties based on their analysis upon validation of results.

Proof-of-Humanity Oracles:

Proof-of-Humanity oracles are more like the gold standard of captchas to the crypto world to prevent bots from spamming or submitting false data and incomplete jobs. The oracle authenticates human labor and confirms that the crypto wallet interactions are real by deterring the use of bots and reducing any nefarious activity by bad actors.

HOW DOES THE HUMAN PROTOCOL HELP IN THE REAL WORLD?

Being a new way for humans and machines to connect and collaborate, HUMAN Protocol has several real-world uses. The platform offers ways to power human-machine interactions while unlocking the world's workforce.

Increased access to markets:

HUMAN Protocol helps connect more and more people to markets. It powers decentralized marketplaces and helps create the world's largest labor pool. Anyone can request and contribute virtual work, playing their part in the global economy. 

In addition, HUMAN Protocol also helps AI companies excel in machine learning models and train them by enabling the world’s largest providers of human-generated labels.

Increased job opportunities:

As mentioned earlier, HUMAN Protocol quantized the complex work decomposing it into simpler tasks. This enhances the chances of getting more jobs in an area of active research and development. The Protocol launches these simpler and smaller tasks, making them available for the workforce. 

In short, Human Protocol enables Exchanges to publish high-level arbitrary job types, defines standard jobs that act as building blocks for many tasks, and then factor into simpler and smaller tasks. 

Access to the world's workforce:

With HUMAN Protocol, you can access hundreds of millions of workers around the world in no time. This helps businesses avail a massive workforce across 247 countries and territories. 

HUMAN PROTOCOL APPLICATIONS:

HUMAN protocol's hCaptcha:

hCaptcha is the first application of the HUMAN Protocol that is used by site publishers to keep a check on their web traffic. It is a tool for monetizing the sites by keeping out bots and spam online. In other words, hCaptcha provides a more secure and reliable anti-bot solution for almost everyone, especially lower-cost data annotation for AI/ML companies. 

Moreover, hCAPTCHA also provides a drop-in replacement for reCAPTCHA. Hence, with only one or two lines of code to change, any website can switch to hCAPTCHA.com and users can get paid in HMT for solving image-annotation challenges. 

The service is used by various websites like Rakuten, a video streaming site, Gaetner, Craigslist and by Canadian government websites.

Human Protocol said in a press release that "The app gives users the chance to earn token rewards for proving their humanity while also refining the computer-vision algorithms that power artificial intelligence (AI) technologies".

Interfaces for Individual Labelers:

This is the second application of the HUMAN Protocol that believes in recruiting websites rather than people for hitting true scale.

Anonymous Proofs of Humanity:

We already know how the online advertising ecosystem is swarmed by scams and view and click frauds. According to an estimate, in 2017 around 30-80% of all ad impressions generated were fraudulent. This is where anonymous Proof of Humanity comes in. The application verifies the visitor on a site and provides data on programmatic ad performance and humanity.

THE BOTTOM LINE:

To conclude, the HUMAN Protocol is a hybrid framework that provides open infrastructure and powers distributed marketplaces to let market forces prevail. A sophisticated and seamless platform, HUMAN Protocol rewards humans for their reasoning, skills, and knowledge to work in line with the machines and help them get the job done. 

The HUMAN Network is just the beginning. The platform plans to launch new applications to make it easier for the workers to bring whatever they prefer to the Network. HUMAN Protocol is already becoming a permissionless global system providing access to the world’s largest labor pool to the people around the world. It can be seen that HUMAN Protocol is living up to its vision of revolutionizing human-machine interaction within AI.