Decentralized credit score: How can blockchain technology change ratings
The concept of lending and borrowing is as old as time itself. In terms of finances, while some individuals have more than enough for themselves, others barely have enough to manage. As long as there is this imbalance in the financing distribution, there will always be a need for a loan and a desire to lend.
Lending means that a resource is handed over on credit with the condition that it is returned within an agreed period. In this case, such resources will be money or any financial asset.
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