UMKA: INTRODUCING DECENTRALIZED LABOUR MARKET
Technological advancements over the years has impacted millions of lives in tremendous ways, with these innovative advancements comes new easy and convenient ways of doing things and having needs met. Of all the challenges faced by a majority of the population, the most challenging of them all is the issue of unemployment. Unemployment is on the high side because of limited industries and companies, before one can be employed you have to gain tremendous advantage overs other job seekers because there is scarcely vacancy. A lot of employable youths roam the streets in search of jobs and at the end of the day come back disappointed. This often happens because employers are not ready for a long time commitment hence they don't employ.
But this issue would have been a lot easier if these unemployed are contracted over a short period of time for jobs they can be paid for, while they still do other jobs. In consideration of this opinion, the UMKA platform, thought it better to create an enabling environment where there are lots of freelancer who can be easily reached by employers of labour without having to be committed to them. Hence, unemployment is if not completely eradicated is drastically reduced
.
ABOUT THE UMKA PLATFORM
The UMKA platform is a comfortable place for employers and contractors who offer a wide range of useful tools that are integrated into the system. The plates makes use of a digital passport which contains all the necessary information about a freelancer ranging from his personal information, educational qualifications, and skill competencies that might be required by employers, contracts on the UMKA platform are secured using the Agile Smart contract technologies. The UMKA platform also has a team that resolves any uprising in the system, they are known as the arbitrary team, and are also part of the platform. To ensure a good and effective communication system, the UMKA employs the use of a Google News Translating Machine which features integrated online courses that help to broaden the skill acquirers scope, making them saleable and employment worthy.
There is a section under the UMKA platform known as the expert communities, this set of people helps with the moderation of issues that arise during working process by the users of the platform. The UMKA platform for all its transactions takes a 1% commission, which makes it easier for their freelancers to be contracted. UMKA uses a fair and transparent system of operation that ensures there is no fraud rating or falsified feedbacks, scores from one to five awarded by the parties unidentifiably following the completions of the transactions only. All transaction within the service system are done through the internal UMKA wallet using smart contracts assets.
The pictorial representation below shows how Umka works;
In order to start working with the service, users need to invent a personal wallet and recharge it with a debit, credit, PayPal or cryptocurrency wallet. The token used, is the Umk token which guarantees participation in the distribution of the platforms revenue, the token balance will be shown in the users wallet and rewards will be accumulated in proportion to the amount of tokens in the users possession.
Umka is an efficient project implementation, which also involves a team building tool that is based on the blockchain technology. UMKA can be seen as a financial safety platform for all its users which possesses secure contracts which is used for making milestone payments because they make easier the management of long term difficult projects. The UMKA platform offers its users or freelancers, the required competency level that is required of them and are hence part of the recorded information in their electronic passport.
PROBLEMS AND SOLUTIONS
The services rendered by the traditional financial sectors, have a very high commission rates or fees located on the freelance platform market and the changes ranges from 2.7% to 20%,while the UMKA commission is just at a rate of 1% for each transaction. Another, is the speed issue,all the current existing centralized platforms are slow in providing solutions and has a very expensive Ethereum blockchain, but the UMKA makes use of the EOS blockchain and being a new generation blockchain, it has a fast and free smart contracts technologies. The financial sector always has issues that cannot be controlled by the parties involved, while under the UMKA platform, dispute resolutions are resolved through the timely intervention of the arbitrary team, who are specifically raised for that purpose.
TOKEN DETAILS
The Umka token is a security and investment token built on the ethereum blockchain with a total supply of 180,000,000 token at the rate of 0.1 USD
Presale of the UMK Tokens closed on the 1, May 2018 while the public sale of the token would hold from the 1, June 2018 to 1, August 2018.
The token distribution is represented below;
Funds gathered during ICO will be distributed as follows ; check the pic illustration below
Ticker: UMK
Type: Token: (Ethereum)
Total Tokens : 180,000,000
ICO Token Price: 1 UMK = 0.1 USD
Fundraising Goal: 10,000,000 USD
Soft cap: 1,000,000
Hard cap: 10,000,000 USD
Know your customers (KYC) : Yes
Can't participate: Seychelles
CONCLUSION
One major problem that has plagued humanity is the issue of unemployment, and low salary jobs. People have sort ways to do more than two jobs and not get implicated most of the times, the UMKA platform for the purpose of solving this issue was created. The platform has been able to gather employers and contractors on same platform providing them with details of freelancers, making it easier to employ a suitable skill that meets their requirement.
For more Information please visit the official links below:
Website- https://umka.city/
Whitepaper- https://drive.google.com/file/d/1IalOIO0euDT_x9HLam6h5hGvT2gsVRqj/view
Telegram- https://umka.bountyplatform.io/
Facebook- https://www.facebook.com/freelance.umka/
Writer: oly4life
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=1577997