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SISA (SISA) is a blockchain platform that aims to simplify and make lending more accessible to individuals worldwide. In today’s technologically advanced world, the internet has brought equality and freedom, but it is still full of restrictions and obstacles. SISA believes that by harnessing blockchain technology, they can eliminate the bureaucracy of traditional banking services, making lending cheaper and reducing its risks and problems.
The platform utilizes blockchain technology, specifically the Ethereum blockchain, to create a decentralized database that stores digital transaction records. All database instances (nodes) are connected via the internet, allowing real-time data synchronization. Each digital transaction is grouped in a cryptographically encrypted block, which is confirmed and added to the blockchain. This ensures data reliability, consistency, and availability, allowing users to prove ownership at any given time.
By leveraging smart contracts, SISA enables the automation of contractual obligations and the creation and management of digital tokens. These tokens are created and managed by smart contracts on the Ethereum blockchain, adhering to the ERC-20 standard interface for compatibility. With SISA, the goal is to open up the credit market to everyone, providing a platform where users can lend and borrow with fewer risks and problems, thanks to the streamlined process facilitated by blockchain technology.
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