In the financial system, the essence of credit is a judgment about the future. In the traditional model, banks require collateral to lend with confidence, which excludes many individuals without assets but with stable incomes. HumaFinance offers a completely new approach: using future income as the basis for credit and introducing a blockchain network.
The greatest significance of this model lies in lowering the barriers. Freelancers, creators, and small businesses often do not have substantial collateral, but their future cash flows can be verified and assessed. Through HumaFinance, they can obtain funding on-chain based on this. This is not only an innovative way of credit but also expands the coverage of financial services.
At the same time, HumaFinance's PayFi network combines payments and lending, forming a more complete ecological loop. Inflows of funds, payments, and repayments can all be clearly recorded on-chain. This transparency increases trust and makes lending relationships more efficient. For institutions, this is a model that is easier to manage risks; for individuals, it is a more flexible financing option.
In addition, HumaFinance brings real-world assets such as accounts receivable onto the chain, providing a new pathway for RWA. This attempt allows on-chain finance to no longer be limited to crypto assets but to have a closer connection with the real economy. In the long run, such explorations may become an important bridge to promote the integration of DeFi and traditional finance.