Union is a blockchain collaborative savings platform which connects individuals and organization from all over the world in a trusted, frictionless ecosystem, and allows them to create and utilize diverse disintermediated financial products and solutions.
Union has established expertise in offline community
lending system and as well in generating online financial
services in the lending sector. We want to take our
services to another level to give the users of our platform
the best possible experience by leveraging the
power of blockchain technology and smart contract
to improve the peer-to-peer lending process.
Union first initiative is to put Collective Investment
Schemes, also known as a trusted lending circle, or
Rotating and Savings Credit Association (ROSCA) on
blockchain. Collective Investment Schemes is used
around the world to lend and save money within communities,
to support each other financially.
As the existing Collective Investment Schemes work as
silos within the separate communities, traditionally it
is very hard to leverage the reputation and trust
outside of one’s trusted circle. With Union social
capital gained can be utilized across the platform, as
the solution is decentralized, transparent, secure
and auditable. This will help us in creating an ecosystem
of financial products, which users can avail,
based on their reputation.
Union second financial product will be Bill discounting,
a structured working capital finance solution
that includes finance against receivables of a company.
It allows a company to convert account receivables
into funds, thereby increasing cash generating
potential of a company.
Most of the proprietors, small and medium business
owners participate in the “Collective Investment
Schemes” to gain access to working capital for their
business. If they miss out on the reverse auction of a
particular round, Union will provide an alternative
mechanism to capital by discoun�ng their bills/invoice.
This will not only help the borrowers to get the
needed funds but also lenders on our platform an
investment opportunity with reduced risks.
Whitepaper And Site.
Disburement & Exchange Listing.
Union Social Commitments. Union Lending Authentication.