The Distributed Credit Chain or DCC is the blockchain network serving the organization and it has taken the cryptocurrency transaction to another level. The regulation system records the registration for the blockchain tempered by the facilities penetrating the underlying assets in real time. The system also pertains with the business completely transform traditional debt for the banking, asset, and intermediary throughout the business structure.

It enables the big data analysis for the institutions by the help of regulatory bodies. This will have the understanding for the response to the industry risks and these are actually based on the data analysis for the blockchain. It will have the possibility to develop the new Basel Accord for the management system of blockchain distributed banks.

Positive Data Feedback

The users of DCC use the positive feedback for the lenders to lend data. This can be used for the help of multiple institutions providing comprehensive analysis based on the behavior of the lenders. This might be the result to help the non-participants of single-time loans. This will have the establishment for more comprehensive or personal credit rating system. The partial data will be disclosed by enabling the auditors and regulators evaluating systemic risks effectively.

Credit History Feedback

The credit history is establishing the blockchain account to authorize the data service provider and initiate the borrowing request. It will also provide the individual data into the chain for a completely clean and dirty data providing the data standards to the workflow. This will have the extraction for the characterization from the data to make it judgmental based on the policies to quantify the judgment based on the characteristics.

This will complete the decision in managing loans for the progression in collecting after loan. This will have the application rating by providing the funding. It will have the borrowers who will be the individuals to the specific borrowing in demand. The data service providers will record, integrate and provide the borrowers with behavioral data. Algorithms and computation service providers provide the algorithms, strategies, and computational resources in supporting the decisions.

Risk assuming institutions will operate the credit business by the earning form bearing specific risks. The fund providers are not directly involved with the system in lending but provide funding for purchasing institutions.

User Account Identification System

The Distributed Credit Chain is instituting the individuals has one DCCID generator developing the Public-Private Key paired with the form of an address. The address has a member ID in the traditional internet system with an identifier associated with a number of real-world attributes.

The attributes are more likely need the authentication of real-name, bank cards held, number of properties owned and information on the credit chain for a loan request or loan repayment and so on. DCCID id systemized with the decentralized account along with the generation depending on the individual DCC node.

This may organize any person or company to generate the DCCID offline. The information needs to be associated with the DCC so that the information can be stored into the ecosystem of DCC. It will be using the digital signature technology in every step of the data exchange for a fully guaranteed non-repudiation of individual –chain or institution-chain interacted with the data.

All the solutions provided by the Distributed Credit Chain applies to the blockchain technology in real business scenarios developing a new super credit ecosystem with the benefits across the world.

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