Credit on the blockchain, giant beasts grow wildly in places you can't see I have seen a lot of negative comments about the industry, and I have also seen many people turning to AI. Witnessing the believers at dusk, true innovators are using blockchain to explore deep waters, and those who verbally call for construction but are only enthusiastic about hype come and go quickly. During the Spring Festival, I spent several days systematically studying a project exploring the deep integration of traditional finance and blockchain, and the more I watched, the more excited I became. Let's dive in! ⬇️ First of all, the conclusion is that going live on the financial chain is not just speculation, but a natural outcome of historical development. The global financial market has undergone nearly a century of development and is already very large, but many technical standards and infrastructure are still stuck decades ago or even longer. Why? As long as a system can operate smoothly, do not easily change it. You can make adjustments, but never easily think about overturning it. The development of financial markets is accompanied by globalization, and a system will be quickly replicated, replicated, replicated, at most with some localization, and can continue to operate. After the Industrial Revolution, informatization has indeed brought about significant changes in finance, faster, wider, and more efficient, but the essence has not changed: intermediation, centralized control, black box data, licensing access... Are you familiar with it? That's right, these are all the strengths of blockchain and the truly revolutionary features it brings. Let's take the credit market as an example. The operation of the credit market relies on a large number of intermediary links: banks, credit reporting agencies, guarantee companies, payment processors, etc. The entire process involves more than 22 steps (shocking face), which has led to a series of problems: High transaction costs Intermediary fees account for over 1% of the loan value, including loan initiation fees, audit ratings, SPV establishment, etc. These costs are ultimately passed on to borrowers, raising the credit threshold. inefficiency The approval process takes several weeks and the flow of funds is slow, especially in emerging markets where small and medium-sized enterprises face a credit gap of $5.2 trillion due to the inability of traditional systems to efficiently match supply and demand. Exclusiveness The 1.7 billion people without bank accounts worldwide are excluded, although 60% of them own mobile phones, the traditional system's permission access mechanism keeps them out. Opacity: Data is blackboxed, making it difficult for borrowers to understand approval progress, and investors cannot track asset status in real time, increasing information asymmetry and risk. Blockchain technology is naturally adept at solving these problems: disintermediation, transparency, open access, and automated execution. This is precisely where the inevitability of credit on the chain lies - a new paradigm shift rather than the patching mentioned at the beginning. PACT, as the world's first end-to-end full chain credit protocol, is at the forefront of this transformation. / @Pactfinance is built on top of the high-performance public chain Aptos, which fully integrates credit business onto the chain and automates loan initiation, fund pooling, interest calculation, and collection through smart contracts. Note that it is not just those who package assets on the chain and call themselves RWA projects, it takes over the entire credit process. Let's take a one-on-one look at ACT's solution: Eliminating intermediary costs: Smart contracts replace manual review and intermediary agencies, reducing operational costs from traditional 1% to almost zero. After loan tokenization, investors can directly participate in the fund pool without going through the bank or SPV structure, which can save huge warehouse and audit fees. Efficiency improvement: Approval time has been reduced from weeks to seconds. Borrowers can submit their applications directly through the mobile app, with on chain credit scoring and real-time automated risk control processing, and funds can be received instantly. This efficiency is particularly suitable for emergency credit needs in emerging markets. Enhance inclusiveness: anyone with Internet connection can access it. Pact's mobile phone priority design enables 1.7 billion people without bank accounts to access formal credit services for the first time. On chain identity and credit data are portable, breaking geographical limitations. Ensure transparency: All transactions and asset statuses are traceable on the blockchain, allowing investors to monitor loan performance in real-time. Borrowers can clearly see interest rates and terms, reducing black box operations and fraud risks. After careful research, PACT is definitely not the kind of narrative or empty shell. The data is available, and as of early 2026, it has issued $1.3 billion in loans and managed $610 million in active loan balances, proving the feasibility of on chain credit. To achieve this level of data, we mainly need to think from a technical perspective. It should be the first credit service provider to fully build the underlying protocol and user interface on the chain. Of course, beyond technology, PACT integrates credit reporting, payment, and regulatory partners through an alliance model to form an ecological effect, which greatly accelerates industry adoption. Above all, PACT, as the protagonist of the $300 trillion global credit market, has demonstrated its technological feasibility and is driving a global credit equality revolution. In the future, with the improvement of regulatory frameworks and the maturity of technology, PACT is expected to become the core infrastructure for migration on the credit market chain, allowing credit to flow freely like cash and truly achieving financial inclusion. Wish us good luck! / Author: Anymose | A Soft Core Science Popularization Writer This article is for educational purposes only and does not constitute any investment advice. Always remember DYOR!