UMKA: A REVOLUTION IN FREELANCING INDUSTRY

INTRODUCTION

We cannot deny the fact that there is a bulge in unemployment rate for teaming graduates especially in developing countries like Nigeria, reasons for the unemployment result from lack of access to useful information about existing job vacancies and problem of favoritism which is popularly referred to as “God fatherism” in Nigeria. In quest to connect graduates and professionals to jobs, LinkedIn and other freelancing platforms were established, however most of this present platforms have failed in delivering the services they were originally made to deliver. It is against this background Umka project evolved to solve this problem of delay in payment of work carried out by freelancers and create a favourable atmosphere for users and the job employers.

ABOUT UMKA PROJECT
UMKA is a platform built on transparency, efficiency and authenticity, in a way that users of the platform are verified and trusted anytime, anywhere, it is based on a block-chain technology.

UMKA is a decentralized, blockchain-based labor market with efficient project implementations and a wide variety of useful tools integrated into its system. UMKA provides a platform where users can find competent specialists, reliable customers, and online courses from leading educational institutions.

The idea of the Team is to create a platform in which all profiles of the users will be verified before it’s stored as a constant data that can be easily accessed by everyone, in a simpler term Umka platform is just like a freelancing forum that brings job seekers and employers together. The core aim of the platform is to connect Smart individuals with known professional skills to employers whereby the users are connected with various job opportunities.

PROBLEMS OF EXISTING FREELANCING & LABOUR MARKET PLATFORMS
No guarantee: no guarantee on a proper fulfillment and also no guarantee on payment.

User cooperation: on all the platform that a available interaction is only possible through peer-to-peer process. And there is a need for multiple freelancers that are working on a simple project to make use of live communication.

Safe deal: through the Agile Smart Contract (ASC) smart contract will allow progress payments and it will also add introduction of changes to the contracts.( with the consent of both parties )

High commission: exiting platform commission and fee are high but on UMKA you will be charge at a good rate.

UMKA SOLUTIONS
1. UMKA is a decentralized platform on blockchain technology so all data of users are store securely on the blockchain.

2. The commission that UMKA we charge users for every transaction is just 1% which is very low compare to other existing platforms.

3. The platform will offer fast and inexpensive smart contract solutions to customers this will be based on the DPOS consensus mechanism.

4. UMKA will connect freelancers from every part of the world with people who need their service.

5. The platform has created a unique opportunity for freelancers to come together for the same goal.

ICO AND TOKEN INFORMATION
The purpose of the initial coin offering is to be able to raise fund that will be used for development of the Umka platform. UMK token is an ERC20 token built on the Ethereum Blockchain. Note that after the ICO sale no other UMK token will ever be minted again.

Token Symbol: UMK

Token issued: 180,000,000

Token cost: 0.10$/1

Softcap: 1,000,000$

Hardcap: 10,000,000$

Accepted currencies: ETH, BTC

CONCLUSION
Though there may be other similar project that focus on leveraging Blockchain technology in improving labor market or freelancing platforms but Umka seems to be the best with its competent teams. Also for the fact that the project aimed at creating employment for job searchers is a welcome idea.

Kindly visit the links below for more information about this project:

Website: https://umka.city/

Whitepaper: https://drive.google.com/file/d/1IalOIO0euDT_x9HLam6h5hGvT2gsVRqj/view

Face book: https://www.facebook.com/freelance.umka/

Linkedlin: https://www.linkedin.com/company/umka/

BountyPlaform Username: Elachious

BTT Username: ELACHIOUS12

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