The problem Chit Fund solves

Future Prospects:

1. We are going to introduce, Compound.finance or Aave loan funding with the bidding amount, so as to earn interest in the collected amount.
2. An introduction of an ERC20 token for the entire Chitfund ecosystem and Uniswap functionality to convert chit fund token to any other erc20 tokens.
3. Currently, we are accepting payments only through the ether, but in the future, we have plans to include Bitcoin, Ripple, and other cryptocurrencies.

you can refer to this link as this explains all about the problem it solves "

Challenges we ran into

Yes firstly i ran into problem with calling the events from the soldity code or smart contract . I was unable to call the events from the smart contract into my web application made using react .js then i solved the problem by searching on google and stack exchange and finally i read the documentation of web3.js and used call back function in web3.js that has been just updaed so i used it and my error was solved.

there is still an error in react router that when you are at about page then when you refresh then the data in table is lost but i am working on it and due to submission i have left it but i will solve it eventually