Ecosystem for collaborative savings on Blockchain

Why Union?

At Union, we believe that every individual or organization with a need for liquidity and with the ability to repay should be able to save collaboratively without much hassle and friction. However the current model or the traditional financial system, suffers from following disadvantages:

Inefficient and Time Consuming

Typically process takes 4-5 days to finish given a borrower has a credit history available and a good credit score. The borrower is derived from his working capital of till the time of his process, is extremely inefficient and time consuming.

Costly Intermediaries

Banks or agents levy hefty service charges or transactions fees against the amounts creates further weight loss competitive competitive advantage.

Increased Chances of Fraud

As the application moves through the entire lifecycle of transaction the chances of fraud or documentation tampering increases. It may further lead to funds being disbursed to the wrong entity as well as the chances of fraudsters exploiting the ecosystem increases.

What is Union?

Union is a blockchain collaborative savings system that connects individuals and organizations from all across the world in a trusted, frictionless ecosystem, and allows them to create and utilize diverse disintermediated financial products and solutions. Leveraging the blockchain technology as well as ethereum based smart contracts we have created a solution which is:

Fully Automated

Fully automated blockchain powered ecosystem for instant transaction settlement.

Faster access to capital

Our robust scoring and rating system makes sure that the funds are perfectly transparent and SME's secure.

No Costly Intermediaries

Union removes any costly intermediaries from the process and allows individuals and organizations to connect and enter into a mutually agreed transaction.

Union Product Offerings:

Union Pool

A decentralize platform for Collective Investment Schemes. Smart contract to automate saving and lending process amongst trusted friends.

Union Lending Authentication (ULA)

Algorithm to calculate the social standing score of the Union Pool, fulfilled union social commitments, social media accounts, etc.

Union Social Commitments

Individuals within the platform can create a commitment contracts, and upon successful completion of the contract, individuals can receive a positive score on their social standing.

Union Advances (UA)

A smart contract to automate the entire process of bill discounting. Individuals discounting their own company's bill or on behalf of the firm, will be able to leverage their social standing score in the Union to get a better borrowing terms, and discounts.