UMKA Knows how to Facilitate a Freelance Service Marketplace

bonanza-kreep (66)in #umka • 6 years ago (edited)

The shift toward workforce independence fueled by evolving human expectations of working life is already a fact. A sizable share of the workforce prefers to work on a freelance basis: A great opportunity to join the projects of interest for employees and to organize and complete the projects from the employer's perspective. While freelancing represents the flexibility and freedom to choose, it is nevertheless a challenging task to work as an independent expert. Similarly, employers are aware about the risks of hiring freelancers.

https://umka.city

UMKA presents an application of blockchain technology and agile smart contracts to the management of freelance projects. With the architecture of a marketplace it provides workers and employers with new opportunities of mutually profitable collaboration. On top of that, freelancers will be able to represent themselves by professional groups as it will enhance the scope of collective bargaining. Employers in turn will gain a certain degree of confidence in project success.

Functionality of the platform

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.

Generating an employee profile
Employee profiles, which are introduced to the platform as digital passports, will cover qualification, professional aims as well as skills and achievements. On top of that, information concerning course completion provided on the platform as well as ratings will be available as well.

Placing a job proposal
Each project proposal should contain information on aims and desires results and identify the scope of the work. Commissioners should plan their project budget and allocate the right amount for each asset. UMKA's interface will enable a professional communication through the chat option with integrated machine translation. Commissioners will be given an opportunity to leave feedback as soon as the work is done.

Employing the agile approach to smart contracts

UMKA will introduce and implement so-called agile smart contracts, a contract system to divide payments into several parts. Similarly to setting the parameters of the agreements, contracting parties can change particular criteria with regard to deadlines and alterations. The architecture of the agile contracts allows the function of proposed amendments: That is, cooperating parties can propose and accept the modification of terms, including the course of obligations fulfillment, as well as trace a current status of the project. For this, the option to negotiate terms will be enabled in the chat interface. The following is an example of the transaction layout as it is designed on the platform:

Special cases

The process of dispute resolutions
Although the assumption of obligations is affirmed in a contract, disputable situations may take place. UMKA supports the use of dispute mediation system to maintain the overall positive performance management on the platform. Since any questionable matters presuppose a certain degree of communication between the parties, anonymous arbitration will be implemented to resolve disputes related to the contracts. That is, an independent arbitrator will learn about contract terms and resolve the controversy over the matter in favor of one of the parties. Arbitration fees amount to 5% of the disputed amount.

https://umka.city

Contract termination
A contract can be terminated due to several factors, such as poor or non-performance, inability to pay, disregard for communication, non-consensual terms, etc. In the case of the contract termination by the fault of a commissioner, freelancers will be paid for the work and services they had provided, as a certain amount of tokens is secured through the system of smart contracts. For the employer's part, in case if the services aren't provided, which includes the absence of any responses to a task, no payment is requested.

Token Sale Plan

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

Both the technology and the audience are a main driver of change on the labor market. UMKA takes the advantage of the growing popularity of freelancing and turns its vision into a new digital platform for project management. Fresh initiatives to promote such changes would be certainly welcomed worldwide.

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.