Fragments Platform

in #crypto6 years ago (edited)

https://www.facebook.com/fragments.network/
What is Fragments?
Fragments will be a mobile-first decentralized platform, which incentivizes developers to build future micro-task applications that we cannot imagine today. Their goal is to create a trusted platform, by implementing identity-management and agreements on the blockchain and providing self-hosted solutions, while reducing costs and barriers to entry for all – requesters, annotators, and developers.
What's unique?
Fragments’ goal, is to create a micro-task platform that is not only open and easily extensible, but actually incentivizes extensions by enabling developers to take a small revenue cut, if their apps they build on the platform are used by other parties. The bare-bones Fragments platform is free to use with no commissions. Developers can offer their apps for public use and decide what commission they charge for using them. The rest is left to the free market – nobody is forced to use a particular app, if the commission it takes is too high compared to the value it offers. This way, developers are encouraged to release their extensions and broaden the scope of what is possible on the Fragments platform. Fragments is built on top of Ethereum and provides to micro-task apps, what Ethereum provides to blockchain apps – an easily accessible and extensible framework and infrastructure.
The Fragment Token.
To facilitate quick international payments and trust, Fragments utilizes its own cryptocurrency in the form of standard ERC20 tokens that are powered by Ethereum.
A Fragment token is a utility token that can be used on the Fragments platform for the following:
-Paying workers on the platform
-Paying commission to micro-task app developers if their app is used
-Staking mechanism for Task Repositories
-Enterprise edition support fees
-Earning tokens for hosting Task Repositories
Low barrier to entry.
Existing services often pay the workforce only in particular countries, in other countries workers receive gift vouchers as compensation or cannot participate at all (e.g. Amazon Mechanical Turk offers paid compensation only to US and some Indian workers, others are paid using Amazon gift cards). At the same time, according to World Bank, around 2 billion people still remain without a bank account, many of whom are in India and China. As a result, an enormous part of the online labor market is left untouched. Building on top of Ethereum makes Fragments available to a much larger population, with workers being paid in Fragment tokens that could be later converted to other cryptocurrencies using Shapeshift.io, Bancor or online cryptocurrency exchanges. An increasing number of businesses (such as Coins.ph and Humaniq) aim to solve the missing banking infrastructure problem with cryptocurrency and people in the third world are getting used to dealing with mobile payments. With Fragments, the barrier to entry is very low, and anybody with a mobile phone and internet access can contribute. Democratizing access gives so many more people the opportunity to earn tokens while decreasing costs at the same time.

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