The technology used to implement peer-to-peer lending is typically based on blockchain systems and online platforms that connect borrowers directly with lenders. These platforms enable individuals or businesses to request loans without going through traditional financial institutions, often resulting in lower fees and interest rates. Blockchain technology enhances transparency and security, as it allows for decentralized tracking of transactions. By leveraging algorithms for credit assessment and risk management, these technologies make peer-to-peer lending more efficient and accessible.