This article explores the evolution of IOUs in finance, from simple handwritten notes to advanced blockchain agreements on platforms like Gate. It highlights how Web3 technologies transform traditional informal debt mechanisms, addressing limitations through enhanced transparency, security, and programmability. The piece demystifies smart contracts' role in creating automated, immutable, and adaptable digital IOU systems, ultimately enhancing financial inclusion. It discusses how tokenized IOUs broaden access to lending, offering new opportunities through fractionalization and secondary market trading, serving individuals and businesses excluded from conventional finance.
9/25/2025, 5:25:38 AM