UMKA: DECENTRALIZING THE LABOUR MARKET THROUGH BLOCKCHAIN TECHNOLOGY

acryptoqueenkim (30)in #decentralization • 6 years ago (edited)

Without a doubt, blockchhain technology is finding its way to every sector of our life. Hence, it is not surprising that the labor market has also been graced by the UMKA platform. UMKA bring a about a comfortable platform that is suitable for employers, employees and contractors alike. It makes use of all essential tools to make sure that all parties have a wonderful experience. Part of the aim of UMKA is to come up within a favorable community that will be conducive for education, work and personal development.

Problem UMKA Seeks to Solve
There are many platforms already existing similar to UMKA. However, they support peer to peer interaction that places a barrier on the communication of freelancers. Payment system is also not timed which limits performance.
Many solutions have come up to rectify this issue which have their basis on the Etehreum Blockchain network which is slow and also expensive. Asides, on using the traditional smart contract to close deals, payments must be made in whole which raises the risk.
Freelancers do not get enough information as they are poorly integrated in the network. There is the embargo of language barrier due to the diversity of culture.

Solutions of UMKA
UMKA came up with a platform that gives employers the ability to create project group for freelancers all working on a particular task. With the use of agile smart contract, there is a safe deal which secures payment according to levels and milestones agreed upon by the parties involved. Thus, if any of the parties breech the contract, the other party doesn’t bear the loss.
UMKA charges a commission fee of 1% for every transaction, the lowest in the freelancing field. Also, the issue of speed and cost will be addressed with the use of new generation EOS blockchain. UMKA supports 15 cryptocurrencies with FIAT to facilitate a smooth transaction at no charge.
Present in the UMKA chat are the Google neural machine translation system built to take care of the issue of language barrier. With this, freelancers can communicate and interact professionally.

What UMKA Can Do?
With the use of blockchain technology, UMKA seeks to address the various problems present in the labor marker. For instance, there is a tool can be used like a digital passport which houses data on skill, qualification and work experiences of the user. It has user’s data that will be stored on the blockchain.
With the digital passport, employers will easily find freelancers that have the required skills. Funds gathered through the 1% commission will go to all UMKA token holders. Any investor in UMKA will get a daily profit from the platform’s revenue.

Conclusion: UMKA Platform
It is very important to link freelancers with employers all over the globe. The role of freelancers in the community cannot be over emphasized. This project simplifies things and addresses the major problem and issues with freelancing.
The UMKA team is made of veterans with vast experience in business and the blockchain technology.

UMKA TOKEN INFORMATION
Token Ticker: UMK Token
Token type: ERC20 token
Total Token issued: 180,000,000
Token cost: 0.10$ per 1 UMK token
Currencies Applicable: BTC, ETH

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