UMKA - Decentralized Labor Market

As the success and growth of blockchain-based cryptocurrency have proven, the future will witness a decentralized, efficient, and comprehensive global ecosystem. In an era of massive technological advancement, a lot of changes and innovations have been introduced into the workplace and work environment especially as it concerns project implementation and team building. This trend can also be noticed in the growth of freelancing and freelance platforms. However, these freelancing platforms all do have their challenges. One of the challenges has to do with user interactions as the interaction on those platforms is mostly available for p2p users. This is a challenge because freelancers who are working on a project needs live communication for a seamless completion of their project in record time.

Another challenge that is faced on some of these platforms is the lack of guarantee of timely payment and work performance.

At this juncture, I would like to present UMKA, which an efficient project implementation and a team building platform based on the blockchain technology. To bring the most desired change and technological innovation to team building, the UMKA platform was conceived.

UMKA is a decentralized labor market. It is an efficient project implementation and a team-building tool based on the blockchain technology. UMKA offers employers a selection from dozens of thousands of freelancers with the required competency 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 competencies following the market trends.

UMKA is designed as a digital meeting point for professionals in various fields who can either perform a particular type of services or hire experts in the framework of the projects. With its interface, UMKA seeks to minimize the barriers that most freelancers and employers face in finding projects as well as hiring professionals who are qualified to perform a particular work.

UMKA proposes an active labor market policy. This includes job search assistance, integrated training courses as well as legal support in terms of contracts conclusion. In order to enable effective interactions, two types of community groups will be created, refereed as project groups created by freelancers, and independent experts. Employers in turn can easily contact any professional they are willing to employ for a project.

UMKA is an efficient project implementation and a team-building tool based on the blockchain technology. UMKA means financial safety for all users: all platform transactions use agile smart contracts based on blockchain technology. Secure deals are done using the customizable Agile Smart Contract methodology based on the EOS blockchain. AgileSC offers an opportunity for stage-by-stage project payments and agreed-upon amendments while guaranteeing efficiency and convenience for all parties involved. Freelancers can work on their own or in project groups, and can be paid in 15 cryptocurrencies as well as fiat currencies. UMKA takes a 1% commission from all smart contract transactions within the platform. Funds, gathered this way will be distributed among UMK token holders automatically.

Furthermore, UMKA is a decentralized blockchain-based labor market with efficient project implementations and a wide variety of useful tools integrated into its system.

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 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.

UMKA is a 100% decentralized user-managed system. All data on transactions, ratings and key user data are stored on the blockchain. An Agile Smart Contract that allows stage-by stage payment and amendments agreed upon by both parties: Contains data on the work schedule, budget and specifications; The entire transaction amount is put on hold under the employer’s account until the project begins. UMKA’s commission fee is 1% per transaction. All transaction commission receipts will be used for further service and support improvement.

FEATURES OF UMKA PLATFORM

UMKA customers can assign specialists to project groups that can be moderated. Project budget can be specified for each group. A group chat is automatically created afterwards.
The UMKA Client’s Passport holds information about the client’s company and feedback from freelancers.
The UMKA app supports group chats, meetups, and news feed for every professional community.
The UMKA Specialist’s Passport holds details about their areas of competence, advanced training, professional experience and qualifying examinations.
The UMKA experts participate in arbitration proceeding between clients and specialists.

HOW UMKA WORKS

HOW DOES THE COMPANY WORK?

UMKA offers employers a selection from dozens of thousands of freelancers with the required competency 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 competencies following the market trends.

The services of the educational institutions integrated into UMKA offer competence-raising opportunities for 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.

TOKEN SALE AND ICO

The UMK token is an ERC20 token issued on the Ethereum blockchain. UMK is a security token. It gives its proprietor the right to seek after their venture interests.

Token Details

Ticker: UMK
Type: Token (Ethereum)
ICO Token Price: 1 UMK = 0.1 USD
Fundraising Goal: 10,000,000 USD
Total Tokens : 180,000,000
Know your customers (KYC) : Yes
Can't participate: Seychelles
Accepts: ETH, BTC

Token Sale Plan

Public ICO started on June 1, 2018 and will end on August 1, 2018.

At the initial stage, the platform will accept BTC and ETH as a means of payment. Seven more cryptocurrencies alongside fiat assets will be added for the fourth quarter of 2018. In general, the project leaves a positive impression with regard to original idea and project documentation.

Token Distribution

Funds Distribution

ROAD MAP

Q2 2017

Idea and concept development. Development of an interface demo version for internal testing on iOS and Android

Q3 2017

App testing in target groups

Q4 2017

Concept follow-on improvement in accordance with new market and technological trends and testing results

Q1 2018

Platform announcement. Development of prototype based on the improved concept.

Q2 2018

Creation of a working prototype of the mobile app MVP on blockchain, AgileSC integration. Testing of the app in target groups. Advertisement campaign start

Q3 2018

AgileSC follow-on improvement and testing. Blockchain and interface follow-on improvement and development. Mobile and web apps alpha version launch. Open alpha testing of the blockchain and AgileSC. IPFS integration. Implementation of the functionality: project groups. Implementation of the functionality: group chats, professional communities. Hackathon

Q4 2018

Beta testing of the mobile app and Blockchain launch. UMK token listing on exchanges. Integration of educational programs. Integration with third-party services. Implementation of the functionality: a digital passport, testing systems, expert arbitration. Adding operation with 7 additional crypto currencies and fiat currencies. Hackathon