> For the complete documentation index, see [llms.txt](https://debt-protocol.gitbook.io/debt-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://debt-protocol.gitbook.io/debt-protocol/introduction-concept.md).

# Introduction - Concept

The debt protocol is a new concept in the DeFi world. To understand its concept, we can take the definition of what debt is in the traditional world. 

By definition, a debt is a duty of one person to another. Financially, it means that one person owes another person money. Usually, this debt is paid over a period of time. 

With Debt protocol, we automate debt in a secure, decentralized and mandatory manner using blockchain technology and its smart contracts.