Hello dear friends! Today I'll tell you about another interesting project. First of all, for those who have recently come into this sphere, I would like to ask a question, what is a cryptocurrency? To be brief, this is a digital medium of exchange. All this industry grows exponentially, but most people do not know anything about how the technology works, what a smart contract is and how it can be used. It is for this reason, first of all, that I would like to make a little clarity about the very basics.
A block-decentralized computer network that has an identical copy of the database and changes its status (records). All this means that there is no need for any Central server or any organization that is supposedly necessary (for example, the Central Bank, notaries, commercial banks, PayPal, etc.). Blocking is the technological basis for all platforms, be it #Bitcoin, #Ethereum, #Hyperledger, etc.

An important part of the block is smart contracts, a snippet of code that is stored on the network of the block (in the database of each participant). It basically determines the conditions to which all parties that use the agreement agree. Since a smart contract is stored on all computers on the network, everyone must run it and get the same result. Thus, users can be sure that the result is correct.

After this brief introduction to the broad topic of Blocking and Smart Contracts, we already see that this technology opens many doors for new decentralized enterprises and eliminates the need for costly third parties. Many new companies are currently working on this technology, and large companies are testing it in closed networks to directly cooperate with each other without the need for intermediaries.
Therefore, the project that I will introduce to you is UMKA, an effective project and a team building tool based on blockbuster technology.

UMKA is more than a #decentralized labor market. It's an efficient project implementation and team development tool based on blockchain #technology. UMKA is a convenient space for cooperation between entrepreneurs and contractors who offer a variety of useful tools integrated into the system

UMKA is a decentralized workforce #exchange, a platform for implementing projects and creating work teams based on blockchain technology. It's a space for cooperation between employers and principals, who create the most environmentally friendly environment, thanks to tools integrated into the system.

It's a good project implementation and platform that develops block-based technology-based groups. UMKA is a comfortable space for cooperation between employers and contractors who offer a wide range of useful tools installed in its system:

• Digital passport
• Secure contracts with unique Agile Smart Contracts technology
• Arbitration system
• Project groups in collaboration with groups of freelancers
• GNMT — Google Neural Machine Translation integrated as UMKA’s chat
• Online courses from leading universities in the world
• Expert communities

Customers choose the most suitable specialist, who has the knowledge and skills in the right, for his project, direction, from the set of others. All information is contained in the electronic passport of the artist, as well as his rating.

When registering on the system, the user accesses the Umka Wallet personal electronic wallet. Money transfers (pay for work) are carried out through the system of smart contracts Agile SC. The reliability of the interaction between the employer and the performer is guaranteed by flexible Agile smart contracts. Both parties are protected against damages as a result of non-compliance by the opposing party with their obligations. The amount of remuneration is automatically transferred to the system from the purse of the customer and is credited to the account of the artist after confirming the order fulfillment.

On the platform, you can count on various popular crypto-currency or physical means. The commission for the transaction is one of the lowest on the market, accounting for only one percent, and is withheld from the employer. For performers, all actions on the platform are free. You can replenish your wallet in a variety of ways: translate it from other crypto-currency purses, from a debit or credit card, or through a PayPal payment system.

UMKA platform developers produce UMK tokens. The issue is 180 million UMK, 55% of which are sold for $ 0.1 per unit. They will be an open sale in the period from 1 June to 1 August this year. All fees collected from commissions will be distributed proportionally among token holders. The procedure starts automatically after reaching a certain amount. Income from Tokens is designed to provide platform functionality.

User communication on the platform takes place in chats. The parties, whether it be a single performer or a whole work team, also coordinate their actions in separate chats. Since there is a high probability that the customer and the performer have different communication languages, the platform has a built-in Google Translate machine (GNMT). This system has a mechanism of self-study, and constantly evolving, provides a quality translation for the shortest possible time. Communication will be conducted on the basis of language pairs in English.

Currently, there are no platforms in the network that provide such a high level of service and guarantee the security of each transaction. Developers have taken into account all the disadvantages and omissions of existing centralized freelance platforms around the world and were able to implement solutions that guarantee the speed, safety, reliability of the system.