Introducing CrowdPrecision Token (“CPT”): An Blockchain-based marketplace for Crowdsourcing. The CrowdPrecision platform lets users build up reputation that helps employers and service providers establish trustworthy cooperation.
CrowdPrecision tackles two of the most significant challenges in current Crowdsourcing applications - quality control of the work submitted and fast and cost-effective payment mechanisms. Due to the large number and the anonymity of the huge group of Crowdsourcing workers, it is often difficult to identify the skill set of individual workers and to track down workers with deliberately malicious behavior, a factor which often leads to a great waste of time and money by all parties involved (employers, workers and platform providers). To address those problems, CrowdPrecision uses Ethereum-based smart contracts between employers and workers. By issuing CrowdPrecision Tokens (CPT), CrowdPrecision provides a complete ledger of a user’s Crowdsourcing history – whether as employer or worker – and makes it available across multiple Crowdsourcing platforms. Therefore, it features:
The introduction of CPT enables all Crowdsourcing parties to build up a trust-based marketplace system which considerably reduces the overhead of quality control mechanisms and qualification tests. Consequently, the CrowdPrecision marketplace offers higher quality results at lower costs and at a faster pace.