Overview of ICO | Distributed Credit Chain - will change banking standards in the era of blockchain

       

To obtain a loan, you need to contact the bank, which charges transaction fees  and requests a high commission for the use of funds. Lenders who want to  receive income from their free finances without significant risks are also  forced to turn to monopolistic financial institutions. All of them  underestimate interest income for creditors. The project Distributed  Credit Chain intends to completely change the existing order of things in the  field of finance. 

The essence of the project 

Distributed Credit Chain  (DCC) is a banking platform intended for suppliers and users of financial  services. It will connect creditors and borrowers who will be  able to conclude transactions with a mutual benefit and without huge  risks. All loans will be provided on the basis of blocking  technology, which will ensure decentralization of data on monetary  transactions.

Nobody will be able to change the information about the  transaction at will, because it will be distributed among a variety of different  computers. Transparency of all operations is guaranteed using the  technology of smart contracts. It also automates the terms of loan  agreements. Thanks to smart contracts, the borrower will not be  able to collect a lot of documents to obtain each new loan. All  information about it will be stored under reliable protection. The project  Distributed Credit Chain is designed not only for borrowers and  creditors.

Financing organizations will also participate in it.  They will not appear in transactions or interfere with them. Financing  organizations will become a powerful source of investment for the project, which  will raise it to a new level. Administration  Distributed Credit Chain will act as a provider of information services for  users. It will be responsible for the integration and storage  of data, as well as the extraction of incorrect information.

What  problems does the project solve ? 

Distributed Credit Chain completely eliminates  the following problems existing in today's credit sector: 

High interest  for borrowers. Any credit institution  seeks to reduce losses on bad debts, charging additional interest from reliable  borrowers who are ready to return money in any amounts. As a result,  they have to overpay.

1. All transactions that  are made within the framework of the Distributed Credit Chain are safe, and  therefore the need for overpayments for borrowers is completely  eliminated. 
2. Extra expenses. Any credit institution  pays a huge amount of time to check borrowers: their current financial  situation, compliance with risk standards, etc. On this goes not only  time, but also money. The Distributed Credit Chain platform offers creditors  full access to all reliable data on borrowers.To get it, just  do a couple of mouse clicks. 
3. Speculation. Due to high risks, many credit  institutions refuse to provide their clients with services. This applies  not only to borrowers, but also to creditors. The Distributed  CreditChain platform guarantees a high level of confirmation of applications for  loans, and also intends to work with all creditors who want it. 

     Of  course, you can work with usurers, but in this case there is no protection. As a  result, the bank becomes the safest way to meet the needs of  citizens. So the monopoly was born. 

The advantages of the  project: 

The project Distributed Credit Chain chose Ethereum as the basis of its  activities. Anyone who knows the basic principles of work has  already realized that the focus is on smart contracts. 

Here are some  advantages of blockchain in banking: 

• The ability to create an open  source.As a result, there is no need to appeal to a third  party, which will avoid unnecessary costs. 
• All information will be recorded on  the block. This means that the contract between the parties will  be governed by technology with fixed rules. Each user will have the  opportunity to gain access to information about transactions, which in turn will  solve the problems of trust. 
• Absence of monopoly. As a result, relations  between the parties will be created at lower prices and improved  conditions.
  

Having analyzed all the advantages, it can be concluded  that the Distributed Credit Chain project will allow the entire humanity to meet  its needs on improved conditions and use the money in  its own interests. In the future, the project may come to replace the entire  banking system. Thus, the platform creates conditions for the  destruction of the outdated banking system by replacing it with a new effective  blockchain solution. 

About the project and its opportunities from the  founder and CEO of the project Stewie Zhu: 

ICO conditions: 

Name of the token:  DCC 

Standard: erc20 

Total number of tokens issued:  10,000,000,000 

Total number of dedicated tokens on Private Round: 1,800,000,000  

Total number of dedicated tokens on ICO: 200,000,000 

Price of the token:  1 ETH = 13,700 DCC 

The public sale was held on May 28, 2018, which lasted only  20 minutes. It was collected 14498, 935 ETH. 

Road map: 

 

The  project team:  

More details with the  team, as well as its advisors can be found on the official website of the  project, clicking on this link.

Conclusion: 

I consider  this project to be very promising, because the field of activity that the  project team has chosen is sufficient and unoccupied. The project  has high ratings on popular sources, and in addition, the hard cap has already  been collected at the moment, which is beyond the power of many  start-ups. In the future, this will become a competitive credit  platform, which has every chance to replace banks in the provision of these  services. This means that there will be no long complicated  processes in obtaining money with a high risk of fraud.

And when  somebody will need money the issue will be solved on ideal terms for the  client. And this is our future with you, friends! This is the  future when money can help improve and plan your life and maintain relationships  with those who want to borrow money and those who have  money. 

Important links:

http://dcc.finance/

https://t.me/DccOfficial

https://www.facebook.com/Distributed-Credit-Chain-425721787866299/

https://medium.com/@dcc.finance2018

https://www.reddit.com/r/dccofficial/

https://twitter.com/DccOfficial2018/

https://github.com/DistributedBanking/DCC

https://bitcointalk.org/index.php?topic=4185316.0

http://dcc.finance/file/DCCwhitepaper.pdf

https://icodrops.com/dcc/

Prepared by : hettige

https://bitcointalk.org/index.php?action=profile;u=2166523