Blockchain is a technology that is inevitably changing the world of traditional finance.

Finance is the lifeblood of the economy, ensuring its functioning.

In the world of modern economy, the use of
non-traditional methods of financing, which provides additional benefits.

More recently, the traditional financial banking system has developed
competitors in the form of decentralized lending platforms.

These platforms provide a faster, more flexible, convenient and cheaper way to get the funding you need.

On such platforms, borrowers and lenders can interact directly.

There is no need for the involvement of intermediaries in the form of traditional financial institutions, primarily such as banks.

All participants in these financial relations, borrowers and lenders, remain the winners.

At their core, decentralized platforms tend to use a crypto lending model with cryptocurrency collateral.

The borrower is obliged to provide collateral in cryptocurrencies to provide guarantees for the repayment of the loan.

Only then can he receive the necessary funds in fiat currency.

Thus, in order to get a loan in fiat, you need to have funds in the form of cryptocurrency.

This condition makes it impossible to obtain the necessary loan funds for a large
the number of potential borrowers who do not have the necessary collateral for this.

Goldfinch offers a completely new approach to solving this problem.

Using a clearly defined system of interaction between the four types of participants in the protocol, borrowers, bakers, liquidity providers and auditors, the protocol allows to implement new principles of lending in practice, successfully implementing this algorithm of a new type of financial relations.

As an example, this diagram shows the mechanism of interaction between the participants in the protocol.

Currently, there are already companies from the world of the real economy using Goldfinch lending. These are QuickCheck, Aspire, Alma.

At this stage, the company is faced with the task of expanding the scope of its services providing financing for those organizations and individuals who need it.

The Goldfinch Flight Academy is helping to achieve this goal. Here you can study and understand in as much detail as possible the principles of the Goldfinch decentralized platform and if you want to become a member.

Thank you for your attention and wish you all financial prosperity!