Blockchain lending protocols are innovations in the finance industry building on the peer-to-peer technology with the foundations created by traditional lending, creating an innovative, efficient and seamless lending system.

Traditional banking and consumer lending rely heavily on third-party intermediaries, thus creating a system which participants can act dishonest and resulting in unfair results. The automated lending system afforded by the blockchain technology can bring about refreshing improvements to the debt industry.

Smart contracts have to adhere to a predetermined set of rules allowing blockchain technology to greatly help relieve financial stress in difficult times. Overall, the products of blockchain is far more than just innovations, it also creates trust and confidence in each other and the industry.