What is Human (HMT)

Human, $HMT: Bridging the Gap Between Humans and Machines in Decentralization

Introduction to Human, $HMT

In an age where the complexities of workforce dynamics are ever-evolving, the advent of decentralised technologies offers promising solutions to streamline operations and enhance productivity. Human, denoted by its token $HMT, emerges as a groundbreaking protocol designed to foster efficient interactions between human workers and machines. This decentralised framework aims to create comprehensive job markets that facilitate the scalable automation of tasks, ultimately revolutionising how work is organised and compensated on a global scale.

What is Human, $HMT?

At its core, Human Protocol is an open-source decentralised platform that seeks to create innovative job markets free from the constraints of traditional employment models. More than just a hiring mechanism, it offers a holistic ecosystem equipped with robust tools, integrations, and APIs necessary for hiring, managing, validating, and compensating workers—all while ensuring seamless transitions between jobs and payment processes.

The central goal of Human, $HMT, is to forge direct connections between organisations in need of workforce solutions and workers looking to seize opportunities. By effectively bridging this gap, the protocol not only opens channels for job creation but also empowers workers by giving them greater control over their employment prospects and remuneration.

Creator of Human, $HMT

While the specific individual or entity behind the creation of Human Protocol is not detailed in the available information, it is clear that the project is propelled by a collaborative team comprised of various contributors and partners committed to its vision. This diverse expertise fosters an environment where creativity and innovation can thrive, ensuring the protocol remains adaptable and responsive to the rapidly changing needs of the decentralised workforce.

Investors of Human, $HMT

Human, $HMT has garnered support from a spectrum of investment foundations and organisations that recognise the potential of its decentralised approach. Notable investors include:

• Borderless Capital
• Hashed
• Kenetic Capital
• Hypersphere Ventures
• Morningstar Ventures
• Blocksync Ventures
• Bering Waters
• Ellipti Ventures
• Mined Lab

The backing from these distinguished investment entities not only validates the project's promise but also provides crucial financial resources that sustain its development and facets vital for effective operations.

How Does Human, $HMT Work?

At the heart of the Human Protocol lies a sophisticated framework that allows for the creation of decentralised job markets through several innovative components:

1. Requesters: These are the entities that initiate work requests, attaching monetary bounties via smart contracts to ensure compensation upon job completion.

2. Workers: Individuals or groups who are willing to take on tasks and deliver results that meet specific requirements outlined by Requesters.

3. Exchanges: Platforms that act as intermediaries to match available jobs with qualified workers, employing a reputation system to ensure fair task distribution.

4. Smart Bounties: A crucial innovation that anchors funds in escrow until workers satisfactorily complete the assigned tasks, minimising the risks of fraud and ensuring accountability.

5. HMT Token: This native token functions as the primary payment method, facilitating transactions between Requesters and Workers, and acting as collateral for Operators running Protocol services.

Through this intricate interplay of roles and technologies, Human Protocol distinguishes itself by significantly enhancing the efficiency of job dissemination, transaction verification, and payment processing, all while maintaining transparency and trust across the platform.

Timeline of Human, $HMT

The evolution of Human, $HMT has been marked by significant milestones that shape its trajectory:

• June 2018: The project successfully raised $10.6 million in an initial funding round aimed at kickstarting its development.

• October 2020: Human Protocol made headway in strategic financing, raising an additional $2.5 million to further expand its offerings.

• April 2021: The protocol saw considerable interest, culminating in a major funding round that secured $22 million.

• August 2021: The $HMT token officially went live for trading, marking a pivotal moment in the project’s accessibility and usability.

• June 2022: A significant public sale allowed Human Protocol to raise $51 million, underscoring the growing confidence and interest in decentralised job markets.

Key Features of Human, $HMT

Human, $HMT stands out in the crypto sphere for its unique features that enhance the user experience and broaden its applicability:

• Decentralised Job Markets: The platform eliminates intermediaries, allowing any individual or machine to post job opportunities, thereby opening competition and increasing access to diverse talent.

• Tokenisation of Contributions: Human Protocol transforms traditional work outputs into digital tokens, streamlining how projects are initiated, tracked, and compensated.

• Smart Contracts: These self-executing contracts facilitate high volume of micropayments, ensuring that transactions are automated, transparent, and trustless.

• Human-Machine Collaboration: By enabling and improving interactions between humans and machines, the protocol generates valuable data essential for AI development, nurturing a more advanced technological landscape.

• Reputation System: An integrated evaluation and reputation framework instills trust among participants, promoting a secure environment for both Requesters and Workers.

In summary, Human, $HMT represents an innovative approach to the decentralisation of job markets, tackling the inefficiencies of traditional employment systems through technology. With robust backing from notable investors, a solid operational framework, and distinctive features that enhance collaboration, Human Protocol not only promises to improve the future of work but also strives to define it in the era of digital transformation. The potential of Human, $HMT, makes it a significant project in the evolving narrative of the cryptocurrency and Web3 landscape, paving the way for enhanced collaboration between humans and machines.

As the project continues to develop, it will be exciting to witness how it further unfolds and impacts the global workforce paradigm.