INTRODUCTION
Uma is a technology startup based in Chennai, India. We are the creators of a new blockchain technology for decentralised financial products, which we term as the Chit Funds. We have developed a platform to launch and manage a variety of chit funds on a distributed ledger, and provide smart contracts for interaction with the funds.
A new era in the financial markets is dawning. The next generation of financial services is here. Uma is designed to serve people's financial needs with powerful, secure, and easy-to-use products, built on blockchain technology. Uma is a new lending platform based on Blockchain technology which is revolutionising the fintech sector of India. It will provide loans to MSMEs at a very low interest rate. The entire process will be more transparent, efficient, fast and low cost. This blog will focus on the problem of non-performing assets in the banking sector. It will also focus on the various benefits of this new platform for MSMEs.
Uma is a decentralized chit fund to bring a digital economy where everyone can participate, invest and contribute to the growth of the organization. Uma gives an access to invest from any part of the world. It is a flexible, easy to use and administer chit fund platform to simplify the process of contributing for the unbanked.
WHY CHOOSE UMA CHIT FUND
Uma is a chit fund ecosystem where people can use the platform to invest in multiple projects, manage their investments and collect their profits automatically. With Uma, you can be part of multiple chits at one place, even if you are not investing in them directly. You can also monitor the progress of any project.
Uma is a platform which enables all Indians to join the financial system by offering instant access to credit and other financial services. The company has developed a proprietary AI algorithm that helps in assessing creditworthiness based on mobile phone usage data.
Uma is a decentralised, peer-to-peer algorithmically controlled platform for investing in financial markets. It provides instant access to credit / investment facilities for small businesses and individuals based on their credit history using proprietary technology developed by Uma's team of financial professionals.
Uma is a decentralised, peer-to-peer algorithmically controlled platform for investing in financial markets. It provides instant access to credit / investment facilities for small businesses and individuals based on their credit history using proprietary technology developed by Uma's team of financial professionals.
A new chit fund company based on the blockchain technology. I have designed a prototype of a mobile app and a website to run this platform.
CONCLUSION
Uma is a decentralised, global, peer-to-peer micro lending platform that enables people to lend to other borrowers in their community. The platform is built on the blockchain and uses smart contracts to facilitate lending. The platform is powered by its own cryptocurrency, UMA, which users lend out to borrowers at a fixed rate of interest. This is called peer-to-peer lending, or P2P lending. It is backed by the Ethereum blockchain. The platform is currently in the testing phase, and will be deployed on the Ethereum mainnet in Q1 2019.
For more information visit:
https://www.facebook.com/umachitfund
https://www.instagram.com/umachitfund
https://www.twitter.com/umachitfund
https://www.reddit.com/user/UmaChitFund
https://t.me/umachitfund
https://steemit.com/@umachitfund
Author Details:
Bitcointalk Username: Cinna
Bitcointalk Forum URL: https://bitcointalk.org/index.php?action=profile;u=2890565
Prove of Registration: https://bitcointalk.org/index.php?topic=5367109.msg58466227#msg58466227
BSC Wallet Address: 0x64DE942b3b93aa615eeBc08eb7DB238f21Fc1476