Abstract:
In India, middle class and even high-class housewives make their small group of friends and hang out at least once every month. This even is Known as kitty Party. In this Kitty Party, each member has to contribute a small amount of fees. This fee is collected from every member of the kitty party and given to the host of that party. The host is randomly picked among the members of the Party and everyone gets a chance to host the party only once. Only when everyone in the group has got the opportunity to host a party, only then the cycle is again reset and again the hosts are picked up randomly among the members of the Party. Here, the problem is the way the money is collected. Everything is done in cash and the host who gets all the money keeps it in cash in-house as they don’t like to deal with the banking system. The solution to this cash problem is to create a simple and accessible way of them getting rid of this cash. As keeping this much cash is not safe in the house. As we will have the collected money deposited into our system by the users, we can use to get interest from the banks and also can use it to invest the money. It will be an online portal and will use blockchain technology to make sure every transaction is valid and accurate.
