# The BullaProtocol ### The problem Credit is the fundamental foundation for human interaction, and up until now, there has been no way to properly express credit on the blockchain. Blockchains are, of course, a revolutionary tool for documenting historic transactions and current balances, however, credit is a necessary system for expressing *future* commerce and future balances. ### Enter: The Bulla Protocol We created a protocol where users can "commit" to sending or receiving future payments. We express these commitments in using the trad-fi (traditional finance) concept of a **claim.** A claim is an expression of credit between two parties and contains crucial information concerning how the payment will be settled in the future. If two parties want to manage credit between one another, they can use the Bulla Protocol to mint a claim to express this credit. We refer to these as **Bulla Claims**. In terms of the Bulla Protocol, each claim is minted to the creditor as an NFT. A Bulla Claim NFT expresses an important duality which is novel to shared ledgers: ***my credit is your debt.*** Not only is it a facilitator and record keeper for transaction history, but also expresses transactions that are *likely* to happen in the future, a quasi: "future history blockchain". Blockchains + the Bulla protocol allows for a completely new paradigm in finance: ***a creditor and debtor face each other directly***, instead of both facing a bank, or some intermediary. (talk about what a P2P credit system could allow for). ( A tokenized credit protocol ) ![A Bulla Claim token expresses credit between two parties](https://2923477149-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-Mdy4OA5w_VBzOdqdYVG%2Fuploads%2FFT7G4g622AvDTfEU8p9o%2FBullaTokenDiagram.jpg?alt=media\&token=41972722-9e39-437a-9ad5-ec8efa1bb29f) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://bulla-network.gitbook.io/bulla-network/welcome-to-bullanetwork/bulla-protocol.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.