**HUMA Engineering (HUMA):
HUMA Engineering is an advanced technical infrastructure for the decentralized lending protocol HUMA, aimed at facilitating cross-border financial transactions and providing decentralized financial solutions.
**Components of HUMA Engineering**
1. **Blockchain Layer**: Relies on blockchain technology to secure transactions and provide transparency.
2. **Smart Contract Layer**: Uses smart contracts to execute transactions automatically and transparently.
3. **Data Layer**: Contains user data, transactions, and credit information.
4. **Application Layer**: Allows developers to build applications on the HUMA protocol.
**How HUMA Engineering Works**
1. **Registration**: Users create an account on the HUMA platform.
2. **Application Submission**: Borrowers submit loan applications.
3. **Verification**: The validity of the data provided by borrowers is verified.
4. **Approval**: Loans are approved based on verification results.
5. **Repayment**: Borrowers repay loans based on the terms of the agreement.
**Benefits of HUMA Engineering**
- **Decentralization**: There is no central authority controlling the platform.
- **Transparency**: All transactions are conducted on the blockchain, ensuring transparency.
- **Speed**: Loans are processed quickly, allowing borrowers to receive the funds they need promptly.
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