UMKA REDEFINES BLOCKCHAIN TECHNOLOGY
The inception of a digitized and decentralized public ledger for all cryptocurrency based business dealings-the blockchain technology, ushered in a new era of E-commerce platforms. Though blockchain technology is a welcome ingenious creation which has come to stay, significantly the concept behind its creation has being tinkered or rather improved upon by some of the technologically innovative and creative minds over the course of time, thereby creating iterations of the blockchain technology itself, one of such iterations is UMKA.
WHAT IS UMKA?
UMKA is an iteration of the blockchain technology, the first of its kind. It is an e-commerce platform built on the chassis of the blockchain technology for the sole purpose of connecting employers to remote employees (freelancers), while facilitating the ease in the usage of cryptocurrencies in making business transactions in its blockchain system. UMKA is an efficient project implementation and team-building tool. UMKA is one digital step ahead in making labor market decentralization very practicable. UMKA may be relatively new but it sure has opened a fresh area in the blockchain technology for employers and freelancers respectively and this clearly spells out labor market decentralization. It is also noteworthy to understand that UMKA as an iteration of the blockchain technology offers a unique chain of advantages over other blockchain projects for employers and freelancers who do well to identify with it by becoming registered users.
WHAT’S NEW ABOUT UMKA BLOCKCHAIN?
- UMKA stands out for providing educational programs, ease of communication and third-party services for its users.
- UNMKA is a 100% decentralized user managed-system. This means that data on transactions, ratings and key user data are stored on the blockchain.
- UMKA guarantees timely payment and proper work performance because it allows stage-by-stage payment and amendment of contract terms and conditions agreed upon by both parties (employer and freelancer)
- UMKA commission fee is just 1% per transaction.
More on the distinguishing features of UMKA are listed in the ‘PROS’ of UMKA further down.
OVERVIEW OF HOW UMKA WORKS
UMKA’s profile registration is divided into three sub profiles- the employer profile, the freelancer profile and the expert profile. Basically for one to become an UMKA user one has to register as either a freelancer or an employer; these are entry level profile registrations. The expert profile however is a level in the UMKA platform attainable by entry level profile users and third-party with an area of competence, advanced trainings, professional experience and qualifying exams. Below are the registration steps for the respective profiles and also the operation methods of the profiles respectively.
FREELANCER PROFILE REGISTRATION
• Signup
• Portfolio uploading
• Updating profile information
• Cv uploading
• Rating import
OPERATION METHOD
• Search for job proposals
• Contracting with the employer
• Tasks completion
• Receipt payment
• Leaving feedback
• Funds withdrawal
EMPLOYER PROFILE REGISTRATION
• Signup
• Job proposal
• Composition of an assignment
• Deposit of funds
• Search for freelancer
OPERATION METHOD
• Contracting with individual freelancers
• Acceptance of the completed tasks
• Payment confirmation
• Leaving feedback
THE EXPERT PROFILE
The core function of the expert profile is arbitration-resolving disputes that may arise during and after transactions between users (employer and freelancer) on the UMKA platform. For every dispute settled the expert earns an asset (a token or avatar) which is a kind of currency in the UMKA blockchain; each asset also is equivalent to other conventional cryptocurrencies integrated in the UMKA blockchain at the ratio of 1:1.
THE PROS OF UMKA BLOCKCHAIN
UMKA is unlike every other blockchain project on the internet today clearly because of its unmatched advantages. Users on the UMKA blockchain have an edge over users of other blockchain platforms for the following reasons:
• UMKA supports the operations of ten cryptocurrencies such as dash, dogecoin, bitcoincash, ether, bitcoin, emercoin, litecoin, ripple, ethereum classic and fiat currencies
• UMKA makes communication more efficient by limiting language barrier because it incorporates the Google neutral machine translation (GNMT)
• UMKA has a mobile application version that is compatible with iOS and android phones.
• UMKA integrates educational programs
• UMKA integrates third-party services
• UMKA relatively has the lowest monetization model when compared to other blockchain projects
Useful links
Website: https://umka.city/
Telegram: https://t.me/umka2018
Twitter: https://twitter.com/umka_freelance
Facebook: https://www.facebook.com/freelance.umka/
Whitepaper: https://drive.google.com/file/d/1IalOIO0euDT_x9HLam6h5hGvT2gsVRqj/view
Author: worldsfair
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2293778;sa=forumProfile
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