Financial innovation is changing the way people obtain credit in unprecedented ways. Huma Finance presents a thought-provoking idea: personal income can become a subject of financialization and assetization. This is not collateral in the traditional sense, nor is it an elusive expectation of returns, but rather the actual funds flowing into the account.

The philosophy of Huma Finance stems from a real issue: in developing countries, many individual workers such as delivery riders, laborers, and freelancers may not possess traditional assets, but they have a stable income. Traditional banks may not view these individuals as ideal credit clients, but blockchain technology offers new possibilities for this.

Huma is developing a blockchain-based protocol aimed at capturing real-world income data and transforming it into a reliable basis for credit assessment. This approach is not only innovative but has already begun implementation in regions such as Latin America and Southeast Asia. Notably, Huma has established partnerships with institutions like Circle, Grameen America, and Lemon Cash, indicating that this is not just a theoretical concept but a project that is actively being advanced.

Huma's approach reflects a pragmatic real-world asset (RWA) strategy: starting with the groups most in need of financial services, leveraging the most easily quantifiable indicators (i.e., income), and building highly scalable models in the most cost-effective way. Among the many complex financialization protocols, Huma's solution stands out as particularly grounded in reality—it is not building castles in the air, but rather solidifying the foundation step by step.

For those looking for the next "vibrant system-level application" in the Web3 space, Huma is undoubtedly worth a close watch. It represents how blockchain technology can genuinely improve the lives of ordinary people, providing new opportunities for groups that the traditional financial system struggles to cover. As the project further develops, we may witness the birth of a more inclusive and efficient financial ecosystem.