Web3
Why Web3 audit trails matter for P2P lending
On-chain handshake records complement fiat rails — they do not replace KYC or GoCardless collections.
Oxyile mints handshake metadata on Polygon Amoy after both parties approve and the borrower links a UK bank mandate. The hash becomes a tamper-evident reference for admins and counterparties.
Web3 here is an audit layer, not a replacement for regulated fiat movement. EMIs still flow through GoCardless Direct Debit.
Investors should still perform diligence in chat before approving terms shown on the handshake card.