Our solution (ChETHFunds) transforms the traditional ChitFund model by utilizing the decentralized nature of blockchain to remove the need for a central fund manager. In conventional systems, the manager is responsible for overseeing the fund, which creates a single point of failure as users must trust this individual with their money.

ChETHFunds replaces this human role with a smart contract that is publicly auditable. This guarantees complete transparency and ensures that the fund operates in a fully deterministic and secure manner. Since the process is entirely digital, users can participate from anywhere, eliminating the need for physical presence and potential discrimination

This makes ChETHFunds a perfect investment choice for college students, middle-income groups, and businessmen seeking a modern, high-liquidity, flexible, community-based, and convenient way to save regularly while having the ability to access a lump sum when urgently needed.

This project also makes ChitFunds more popular among the populace. There are a large number of informal chitfunds operational in every state of india. Our project aims to formalize and standardize it eventually making it safe and accessible to everyone