Welcome to DCORP Academy’s introduction to Karma. With so many alternative coins out there, we at the DCORP Academy are focused on educating people on different opportunities. Now, there is one project offering people a way to take part in a peer-to-peer (P2P) platform which could create socio-economic relationships between users across the globe, regardless of their location.
Karma is developing a platform to connect and build relationships. Currently, there is an imbalance in the global economy where there are people with access to “free” capital, investors have a lot of cash on hand but at the same time, there are billions of people living in impoverished communities and lack access to capital. There is excessive regulation and centralization going on in many large countries, leading to investors receiving lackluster returns once inflation is taken into account.
That said, Karmacoin is worth analyzing since it’s innovating the current industry. Let’s look at the opportunities for investors and small and medium-sized enterprises (SMEs), the utility of Karmacoin, how Karma manages potential legal issues with cross-border payments and contracts, and how the project is planning to implement a truly decentralized peer-to-peer (P2P) economy.