A Decentralized Data Annotation Platform leverages blockchain technology to revolutionize data labeling and annotation. It distributes tasks across a network, ensuring transparency, data privacy, and high quality.
Authenticity and Quality of Data used for training Machine Learning models is a major concern in the industry. We often have to blindly trust the data provided by centralized data providers and there is no way to verify the authenticity of the data.
Deano tries to solve this problem by providing a transparent and decentralized platform for data annotation. Vendors can upload their data to the platform and request for annotations. Each annotation request is verified by the community and the data is annotated by the community. Each member is given a fixed payout every month for their contribution to the platform based on a reputation metric for each individual.
Authenticity and Quality of Data used for training Machine Learning models is a major concern in the industry. We often have to blindly trust the data provided by centralized data providers, and there is no way to verify the authenticity of the data.
The existing data annotation platforms, such as 'Kaggle,' suffer from centralization, where the data provided is often not rigorously validated for accuracy, leading to potential data quality issues. Moreover, these platforms lack a systematic reward mechanism for annotators, making it less appealing for individuals looking to contribute.
In response to this challenge, Deano presents a groundbreaking solution in the realm of data annotation, designed to address critical issues in the current landscape. It endeavors to create a transparent and decentralized platform that fundamentally transforms the data annotation process.
Deano steps in as a transformative force to rectify these shortcomings. It establishes a decentralized ecosystem where vendors can post data annotation jobs with confidence. Annotators, part of the Deano community, are incentivized with DAN tokens for accurate data labeling, creating a win-win situation for both vendors and annotators. This reputation-based reward system ensures quality and trust in the data annotation process.
In summary, Deano aims to ensure the authenticity and quality of data used for machine learning models by offering a transparent and decentralized platform. It leverages a reputation-based reward system to encourage community-driven, accurate data labeling, thereby addressing the centralization and quality issues prevalent in current data annotation platforms.
The accuracy of the annotations is maintained by a reputation aggregation system. Each annotator has a reputation score which is calculated based on the accuracy of the annotations done by the annotator.
Multiple annotators annotate the same data. These annotations are aggregated and checkout for majority vote. The annotators who have the same annotations as the majority are rewarded with a reputation score. The annotators who have different annotations are penalized with a negative reputation score.
By Game Theory, we can prove that we can go forward with this optimistic assumption that the majority of the annotators will be honest and will annotate the data correctly and there will be a few annotators who will try to cheat the system due to the design of the reputation system.
Each annotator will be rewarded based on the reputation score. The reputation score is calculated based on the accuracy of the annotations done by the annotator. The reputation score is calculated using the following formula.
Reputation Score = (Number of correct annotations - Number of incorrect annotations) / (Number of correct annotations + Number of incorrect annotations)
This score is continuously updated as the annotator annotates more data. The reputation score is used to calculate the payout for each annotator. The payout is calculated using the following formula.
Payout = Reputation Score * Base Payout
1 - Vendors upload their data to the platform and request for annotations. 2 - Annotators verify the authenticity of the data and annotate the data. 3 - Annotators are rewarded for their contribution to the platform based on a reputation metric for each individual. ``
Heres our graph studio link: https://thegraph.com/studio/subgraph/deano-ranking/playground/
You can checkout architecture of our platform here