Cryptotask

We introduce a decentralized task market based on blockchain technology that disrupts current freelancing systems.

The key innovation is a commercially scalable consensus mechanism with reviewer board selection built into the blockchain, including the escalation option that satisfies Nash equilibrium.

The basis is a consensus mechanism similar to that used in existing prediction market projects such as Augur and Gnosis, with some important differences and innovations that enable scalability, an issue plaguing most of the popular blockchain projects. One key innovation is a reviewer board selection mechanism built into the blockchain, including an escalation option that satisfies Nash equilibrium. The selection mechanism satisfies the condition of secrecy in order to discourage potential collusion and off-chain communication between reviewers by implementing a reporting mechanism. Voting is done in two stages, including a secret commit phase, to dissuade parties from using the waiting strategy.