UMKA : A DECENTRALIZED LABOR MARKET BASED ON BLOCKCHAIN

elvisdika1 (34)in #blockchain • 6 years ago (edited)

INTRODUCTION:
UMKA is not just a decentralized labor market, their is more to it. It is a productive project utilization and a team erecting tool which is based on the blockchain technology. UMKA aids fiscal safety for all clients, all platform enterprises uses energetic smart contracts which is stationed on blockchain technology. AgileSC offers a contingency for stage by stage project payments and agreed upon modifications while assuring productivity and satisfaction for all parties involved. UMKA takes a 1% consignment from all transactions within the platform. It is the lowest charge on the freelance platform market till date. Capital, collected this way will be dispensed among UMK token holders.
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UMKA is a serene space for collaboration between managers and contractors, it also presents a wide display of effective tools unified into its system such as digital passport, secure contracts proving the ace Agile Smart Contracts technology, arbitration system, project groups for collaborations with groups of freelancers, GNMT : Google Neural Machine Translation interspersed in UMKA’s chat; online courses from world’s leading colleges, experienced communities.
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UMKA is made of features that establishes smooth corporation between managers and contractors. Some of the features are as follows:
Digital passport – This contains all user data And information that is reserved on the blockchain. The data includes the user’s skills and qualifications, their experience and courses they might have taken on the platform.
Agile Smart Contract – These smart contract simplifies payments exclusively for long term deals.
Arbitration system – In case of misconception, customers can use UMKA arbitration to solve the problem. The Arbiter is another kind of UMKA system user, a lackadaisical party with a copious rating on the platform.
Google Neural Machine Translation – it is interspersed into the system to help users from different countries interact with each other on the platform
The platform also features a user friendly network, which can be accessed via a mobile application, web version or a desktop client.
Through the platforms smart system, managers can set the qualifications for freelancers and be able to select for the plentiful freelancers who have the required expertise as documented on their digital passports. Freelancers can be able to ingress projects, vacancies, programs and testing systems to enable them to build their competence based on the current market stream. Transactions on the platform will be through the smart contracts that supports Bitcoin and Ethereum though in the future more digital currencies will be made known.
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The UMK Token
The UMK token is based on the Ethereum blockchain. UMK is also a security token. UMK token grants its buyers the right to seek for their Investment bonus. The UMK token assures cooperation in the Circulation of the platforms yields. The token will not use mining as a computing process, instead the network will use ‘witness’ which is a block maker that has been elected by the network that certifies transactions and smart contracts. Users can offer witness services and receive UMK tokens as rewards.
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Conclusion:
UMKA is a good intersection theory that proposes a diversification of comfort,receptiveness and lower expenses than any other exchanges which conforms a tight contention in the stock exchanges for crypto investors. The team is submitting a solitary idea and the team have also shown speedy progress through product amassment. It is an productive project fulfillment and a team building tool based on the blockchain technology.