At a Web3 conference in Singapore, I stumbled upon a project that is changing the landscape of TradFi. In a corner of the venue, several engineers were focused on debugging code, and the name "Huma" kept flashing on the screen.

A question from an engineer caught my attention: "Did you know that 3 billion people worldwide cannot access traditional loan services due to a lack of credit history?" As someone who has worked in microfinance for five years, I am well aware of the severity of this issue.

Upon closer observation, I learned that they are showcasing Huma's on-chain credit model. Unlike traditional financial institutions that rely on central bank credit systems, Huma's protocol can transform users' blockchain transaction records, asset holdings, and social network information into credit proofs. This technology creates a "digital business card" for those without bank accounts.

The engineer demonstrated a case of a small vendor in Nigeria on-site. By analyzing the on-chain data, the system generated a credit score: the vendor sourced goods using USDC three months ago and maintained a stable weekly sales record in the decentralized market. Although the transaction volume is not large, his perfect compliance record allowed him to obtain a loan limit equivalent to 30% of his monthly sales in the Huma system, and the interest rate was half that of local informal lending channels.

Two weeks later, I received user feedback from a freelance designer in Manila. This further confirmed the potential and practical application value of the Huma project. This innovative on-chain credit model is opening up new financial opportunities for billions globally who cannot access TradFi services, potentially reshaping the landscape of global financial inclusion.