DCC - A pioneer in the field of financial licensing and credit support by Blockchain

 Distributed Credit Chain (DCC) is the world’s first distributed banking public blockchain, a game-changing breakthrough that might solve the problems of traditional highly centralized traditional financial industry.

You may be asking what is a distributed banking? Distributed banking is not a traditional bank, but rather an integrated ecosystem distributed financial services. It will be able to change the cooperation model in traditional financial services and build a new peer-to-peer and all-communications cooperation model across all regions, sectors, subjects and accounts. 

Distributed Credit Chain (DCC) is the world’s first distributed banking public blockchain with a goal to establish a decentralized ecosystem for financial service providers around the world. By empowering credit with blockchain technology and returning ownership of data to individuals, DDC’s mission is to transform different financial scenarios and realize true inclusive finance.

There are reasons to believe that Distributed Credit Chain will be able to accomplish it vision and mission and become a high-quality digital asset which is worth holding on to in the long term. Though, the four most vital elements to build up that belief are the advantages of Distributed Credit Chain to the credit business, the superiority of the ecosystem, the usage of DCC token and their experienced professional team. 

 1. The advantages of Distributed Credit Chain to the credit business

Break the monopoly: With a globally distributed banking ecosystem, DCC aims to break the monopoly of traditional financial institutions and to return earnings from financial services to all providers and users involved in such services so that each participant may share the return of ecological growth. Distributed banking will ultimately be a way to truly achieve an inclusive system of finance. 

Decentralized thinking: Through decentralized thinking, distributed banking will be able to change the cooperation model in traditional financial services, building a new peer-to-peer and all-communications model of cooperation across all regions, sectors, subjects and accounts. 

Transform business structure: As it pertains to business, distributed banking will completely transform traditional banking’s debt, asset and intermediary business structure. The tree-like management structure of the traditional banking will thus evolve into the flat structure of a decentralized bank, establishing distributed standards for various business and improving overall business efficiency.  

Government regulation: As it pertains to regulation, the fact that all records registered in the blockchain cannot be tampered with will enable regulators to penetrate the underlying assets in real time. Big data analysis institutions will also be able to help the regulatory bodies understand and respond to industry risks more quickly based on blockchain data analysis.  

2. The superiority of the ecosystem

 The application of blockchain technology in DCC is greatly beneficial for the credit business. It eliminates the monopoly and profiteering as pricing power will rest with the market, rather than intermediaries. Additionally, not only it protects individuals’ private data reasonably but it also improves data validation efficiency and reduces the cost of using them. By creating a credit history report on the blockchain during the borrowing process, data, which is approved by both parties, is accessible to other institutions in need to effectively prevent problems such as long-term or repeated test borrowing. Beyond use by the lender,  lending data can be used to help multiple institutions provide comprehensive analysis which also allows more auditors and regulator to evaluate systemic risks effectively. Furthermore, Anti-fraud and modeling algorithms provided on the blockchain through deep learning and AI risk control systems helps financial institutions improve their risk control capabilities in accordance with compliance requirements. 

3.  The usages of DCC token in DCC ecosystem

  In DCC system, the individuals that require data or reports from data institution or credit institutions verifying the validity of the data need to pay DCCs. It will transform the original way that data institutions generate value to providing the better services to customers. Furthermore, the changes in the revenue structure of the data institution will greatly reduce verification costs, in hence, reduce the overall cost of the borrower and lender.

  DCC is also used to redistribute ecosystem benefits. For example, individuals applying for credit shall pay DCCs for application contract, some portion is distributed as a credit result reward. If the loan is granted successfully after verification and the borrower proactively confirms the loan contract, then the reward is returned to the borrower. If the loan contract is not confirmed within 1 day or the loan application is rejected, then the reward is assigned to lending institutions. In addition, a portion of the loan in the application process is converted in to the total reward pool and will be distributed evenly to incentivize borrowers. Different types of reward pools will be formed in the  different business in the future, and ecosystem participants may receive incentives for different pools when using and contributing to different ecosystems.

  Lastly, DCC is expected to become the anchor currency of the multinational lending service ecosystem on Distributed Credit Chain. Through DCC, users in one country or scenario will be able to experience a cross-border, cross-scenario and cross-currency credit service. 

Contact DCC For More Information & Participate

Website: https://dcc.finance/
Whitepaper: https://dcc.finance/file/DCCwhitepaper.pdf
Ann: https://bitcointalk.org/index.php?topic=3209215.0
Telegram: https://t.me/DccOfficial
Facebook: https://www.facebook.com/DccOfficial2018/
Twitter: https://twitter.com/DccOfficial2018/
 

Author: Hari Hwang
My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1411770
ERC 20 Wallet: 0x030a0FA27ab4e3FD1B0e531dFf5aE436e206aD3C