Blockchain
HUMAN Protocol Introduces the Routing Protocol, a Decentralized Way to Coordinate Distributed Job Markets
Georgetown, Cayman Islands–(Newsfile Corp. – July 20, 2022) – HUMAN Protocol, a decentralized infrastructure project that aims to reshape how humans work, today announced the launch of a new blockchain coordination layer to handle routing functionality among third-party vendors to power HUMAN Protocol jobs.
HUMAN Protocol
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Known as the Routing Protocol, it sits atop of the existing HUMAN Protocol to enable key features – the discovery of network generators, fee agreement, consensus job standards and proof of balance. It also provides governance support for seamless consensus-based network upgrades.
These features are core elements of HUMAN Protocol’s mission to create a more human world that’s decentralized yet connected, with every viewpoint and background accounted for and represented, and where all value produced is rewarded. The HUMAN Protocol facilitates direct, globally-mapped connections that bring workers closer to the rewards of their work, organizations to workforces, and machines to understanding.
The launch of the Routing Protocol is expected to accelerate adoption of HUMAN Protocol by making it simpler for anyone to operate a network entity such as an Exchange Oracle. As an execution layer, it focuses on coordination between actors participating directly in completion of work. It enables network actors to extend the functionality of their service while remaining compatible with standardized APIs, for example by offering a new job type, and to transparently set their own fee for services.
The Routing Protocol resolves these limitations through its ability to coordinate third party tool vendors such as oracles, job exchanges and L1 integrations for job listings and workpool operators. Third parties can subscribe to the Routing Protocol to participate.
Development of the Routing Protocol is a community-led effort spearheaded by developers and designers from across the HUMAN Protocol ecosystem. It’s an ambitious project that remains a work in progress, with numerous components currently being prototyped by the community. As an open-source project, the HUMAN Protocol invites everyone to participate in public repos and contribute their ideas towards its ongoing development. Clear and open communication is also encouraged to minimize duplicative effort.
The overall design of the Routing Protocol is expected to evolve over time as the individual components are built and refined. Once the basic groundwork has been established and certain milestones are achieved, a blueprint of the technology will be published via a forthcoming whitepaper.
About HUMAN Protocol
HUMAN Protocol is a broadly applicable solution to the management of distributed workforces. It started by bringing hCaptcha – the bot blocker – on-chain, to reward individual workers for the key ML work they were completing by solving these CAPTCHAs. This, however, has become a more broad solution to the tokenization of any contribution; and, therefore, the ability to orchestrate the management of that work, the evaluation of it, and the reward of micropayments to many individuals.
In this sense, reviews are just another form of work, or value contribution, that can be rewarded via blockchains. HUMAN anticipated the applicability of such a project in their blog release about the potential of projects, like VeritaTrust, made possible by blockchain technology.
Media Contact
Dan Edelstein
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131391
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Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
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