UMKA is more than just a decentralized labor market. It is an efficient project implementation and a team-building tool based on the blockchain technology.
UMKA is a comfortable space for cooperation between employers and contractors that offers a wide array of useful tools integrated into its system:
• digital passport contains user’s data. The data is stored on the blockchain. The digital passport contains all the information about about user’s skills and qualifications, his/her work experience and a possible list of courses completed within UMKA platform sources. The digital passport makes easier for employers to find freelancers with the required skill set;
• secure contracts using the unique AgileSC (Agile Smart Contracts) technology. Secure contracts are useful for making milestone payments as they make easier managing difficult long-term projects. In case of unforeseen situations, both parties can use UMKA Arbitration system to solve the issue;
• arbitration system is a system for resolving the disputes that arise on the platform. The Arbiter is another kind of UMKA system user, a disinterested party with a sufficient rating on the platform;
• project groups are for cooperation with groups of freelancers;
• GNMT — Google Neural Machine Translation integrated in UMKA’s chat engine to help users from different countries communicate freely;
• integrated online courses are a useful bonus for the users of the system that allows them to take online courses from world’s leading universities and learn new skills. The results are recorded in their digital passports;
• expert communities — communities and disputes that arise during the working process are moderated by the users of the platform. Users who have attained a certain rating can become Arbiters to participate in disputes, and also participate in the platform’s development by conveying the opinions of the masses.
One of UMKA’s goal is to form the expert communities and give them the best environment for work, education and personal development.
UMKA offers employers a selection from dozens of thousands of freelancers with the required competence levels recorded in their electronic passports.
UMKA provides freelancers with access to thousands of projects, vacancies, testing systems with a self-control function, and training programs from the world’s leading educational institutions.
UMKA does not only offer a job search. It is a smart system that makes possible for employers to set the precise requirements for freelancers while freelancers are able to build competences following the market trends.
The services of the educational institutions integrated into UMKA offer competence-raising opportunities of internationally certified online courses from the world’s leading universities. Once a course is completed, it is reflected in the electronic passports giving freelancers a competitive advantage in the search for jobs and projects.
Employers don’t need to limit themselves by one freelancer: UMKA allows setting up project teams with a group chat for all participants. An employer manages a project budget using AgileSC per arrangements made with each freelancer.
UMKA means financial safety for all users: all platform transactions use agile smart contracts based on blockchain technology. AgileSC offers an opportunity for stage-by-stage project payments and agreed-upon amendments while guaranteeing efficiency and convenience for all parties involved.
UMKA also features:
• A user-friendly interface implemented as a mobile application, a web version and a desktop client (4Q, 2018)
• A customer-oriented service and 24-hour technical support.
Monetization
The UMKA service is a decentralized user-managed system. It is based on Delegated Proof of Stake, a consensus algorithm of the blockchain.
The “UMKA Foundation” ensures the system’s operation and development. Agile Smart Contract containing participants’ data, transactions and terms thereof are recorded in the blockchain. It means that all transaction data is accessible to all service participants equally, however the amendments can be introduced by a transacting Employer and a Freelancer only.
Personal Data Security
The user login is stored on the blockchain and accessible only with using a generated private key encrypted by the user’s password. This system denies access to the UMKA Wallet and its associated accounts to anyone except the user. Such security levels meet the up-to-date personal data encryption requirements.
For more details on UMKA you can check the links below :
Thank you all for reading.
Author: Ka Long
Website : https://umka.city/
Whitepaper: https://umka.city/wp-content/uploads/UmkaWP_Eng.pdf
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