ANALYSIS OF UMA CHIT FUND
Uma is an innovative digital payments platform, which simplifies the process of sending, receiving and storing money in the form of mobile airtime or mobile top-ups. This blog talks about the process of enrolling to use Uma, the benefits of using the platform and the mobile app.
E-commerce with its growing popularity is seeing increasing number of frauds. This has compelled the government to look in to this matter. After the rbi had issued the framework of financial transaction through E-commerce, this is one more initiative aimed at inclusion of financial services in to the digital payment ecosystem.
The government of India introduced a new bill for crowdfunding(chit fund) through invoice discounting, termed as "chit fund company". This blog is an informative one, introducing the concept of online crowdfunding and its benefits. This includes the traditional chit fund companies and its concept as well as the introduction of a new TIN (Taxpayer Identification Number) for crowdfunding.
UMA is an alternative financial system powered by blockchain technology. It provides fast, secure, cost-effective and transparent peer-to-peer (P2P) chit funds transfer system for the South East Asian region. With UMA, Umaian will be able to transact directly with each other.
VISION OF UMA CHIT FUND
Uma is a technology platform that harnesses the power of distributed ledger technology (DLT) and internet of things (IoT) to support and manage chit fund operations, and help the chit fund sector modernise and effectively serve the unbanked and under-banked sections of the population. The main aim of the Uma project is to improve financial inclusion and financial security to the under-banked and unbanked sections of the population.
This blog will cover the full Uma project, including the Uma platform and the Uma Chit Fund Token (UCF token).
Managing the loan applications, collections and repayment process for financiers can be a difficult task. This is because it requires access to customer details, client status and client transactions. This is where Uma's technology can help servicing chit funds in India by implementing a blockchain based system for all chit fund players in the country, reducing the human error in the process.
UNIQUE FEATURES OF UMA
Uma is a crowdfunding platform with an aim to increase access for small businesses and startups to capital. Leveraging the advantages of blockchain technology, Uma will make it easier for businesses to get funding at lower cost.
The Uma ecosystem is a crypto asset, blockchain enabled platform for chit fund investments. The platform will bring together the vast unorganised sector of micro savings to investment opportunities in real estate and other forms of business.
Uma is an investment platform where you can pool money with other people to invest in multiple companies. Each company has its own unique risk profile, so the more varied your portfolio, the better.Uma is an investment platform where you can pool money with other people to invest in multiple companies. Each company has its own unique risk profile, so the more varied your portfolio, the better.
SUMMARY
At Uma, we are developing a blockchain based platform which will allow users to contribute to various chit funds. The platform will be powered by smart contracts and will ensure a transparent and efficient mechanism to manage chit funds. Our aim is to create a frictionless platform on which you can pick a chit fund, contribute to it and receive your return. We have a demo ready and will soon be launching on the Uma website. Please visit us there to understand the details of our product and how it works.
We hope you enjoyed our article about Uma. With this knowledge, we know that you can make the most of your investments and learn about a new opportunity to make money. So what are you waiting for? Get involved with Uma today for a chance to share in the future of fintech.
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
Writer Information:
Bitcointalk Username: Seasleep
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2768222
Prove of Registration: https://bitcointalk.org/index.php?topic=5367109.msg58461534#msg58461534
Ethereum Wallet Address: 0x933fA5642DaFC5C0574EFD4539aB9D93D7eB56Ef