UMKA… THE DECENTRALIZED BLOCKCHAIN LABOUR MARKET

4 min readJul 28, 2018

The blockchain innovation has been a massive one, transforming a lot of things to date. This has been a good development of life generally, and of course the Internet. The technology has been and is being used in various sectors of numerous industries, from the financial sector, to sports, to education, to health, etc. The benefits of the internet and blockchain cannot be overemphasised.

The birth of the Internet and online protocols has given rise to a lot of things in the old today, and whilst it comes with the good and the bad, we will focus more on the good today.

One of the beautiful things about the Internet is that today through the Internet, people can do a lot of things almost simultaneously. Me for one, an entrepreneur and a freelancers, all these and more I can achieve fro the comfort of m home as a result of the use of the internet. This is also the case for also of persons around the world.

A freelancer is a person who is self-employed and is not really committed to any long-term job. He or she can resell labour to numerous firms but is not committed to them in any long-term deal. This reselling of labour can be from a series of fields as we have freelancers from almost all walks of life. This creative labour honing and reselling cuts across music, writing, acting, Web ensigns, computer programming, graphics designs, translating and illustrating, video production, etc. They are termed, independent contractors.

These independent contractors work through a labour marketplace that aids in linking or connecting them to possible openings. This is in a bid to merge brands or companies with freelancers when need be. Even though these platforms have had a fair share of success, it's safe to say that more needs to be done to actually get to achieve the full potential of the Labour Market. And a blockchain integration will be about just right. This is what UMKA is proposing.

UMKA is a decentralized blockchain platform that aims to connect employers, institutions and freelancers together using flexible smart contracts. On the platform, transparency and security are assured as freelancers and employers will be protected with the blockchain smart contract technology.

This is a user-friendly platform which provides an online digital passport on the blockchain, this way, employers can easily locate freelancers through their skill set, qualifications, experience, and ratings of other concluded projects on the platform.

The platform also comes with an arbitration system in cases of disputes, this will help to settle issues of disagreements between both parties, to help reach an amicable agreement.

This will be a hub for freelancers globally to connect, communicate and share possible openings together with other freelancers from around the world. The integration of the Google Neural Machine Translation system means that the process of communication will be seamless and with no language barriers.

Users of this beautiful platform will also get a bonus of online lectures with top educational institutions from around the globe, this way, more skills will be imparted and more ratings earned.

The Blockchain technology integration makes it possible for the platform to house numerous currencies, unlike the older ways when payments are done by not so many options. Sometimes, freelancers didn't get paid the exact amount they should as a result of international conversion and exchange rates.UMKA will house up to 15 different currencies to make payment easy and faster.

UMKA is a tokenized platform which means that all fiat balances can be easily converted if needed by the owner. The token use also minimises transactions costs o barest minimum unlike the ridiculous amount witnessed before now on other platforms. The tokenization also enhances the security of the platform as each token can be transparently traced and readily accessible.

Token Details

Token Symbol: UMK

Token Sale Starts: 1 June 2018

Token Standard: ERC20

ICO Token Price: 1 UMK = 0.1 USD

Fundraising Goal: 10,000,000 USD

Soft cap: 1,000,000 USD

Hard cap: 10,000,000 USD

Tokens for sale: 99,000,000 UMK

Total Tokens : 180,000,000

Know your customers (KYC) : Yes

Can't participate: Seychelles