DISTRIBUTED CREDIT CHAIN: ADDING VALUE TO CREDIT PLATFORMS

The highest use of capital is not to make more money, but to make money do more for the betterment of life. Today credit is the slavery of the free, the bondage limiting many businesses.
With the exception of the extremely rich, very few people buy their properties in all-cash transactions. Most of us need a mortgage or some form of credit to obtain a large purchase. In fact, many people use credit in the form of credit cards to pay for everyday items. The world as we know it wouldn’t run smoothly without credit or without bank issue credit through credit business.

What is credit business?
A credit business is a credit activity wherein the lender in possession of some certain currency lends an agreed-upon amount with an agreed-upon interest to the borrower, who in turn returns the principal and interest according to the terms and period as agreed.

Many businesses need loan for various use which includes expansion, catering for inventory, cash flow, obtaining of equipment and lots more. Seeking banks for solution or assistance proves to be at greater risk as customers emphasize they are billed expensively. The reasons for this misshape is not farfetched and the blockchain is willing to tackle these various problems which include;

Unclear right and interests:
The interest rate of banks are usually exorbitant and somewhat unclear because it does not show what exactly the interest is supposed to cover for and most times there are hidden charges which are not accountable for. The rights and interest is a major scare for borrowers as they can't be sure they will be able to pay up as when due.

Hidden monopoly in distribution of credit:
The conventional centralized banking system which involves all private banking system practice monopoly of credit, in that the creation and issuance of credit because the vast majority of money supply at any given point in time ever only exist in the form of bank credit. Therefore bank seeks to exploit individuals and sectors that obtain loans by charging them exorbitant interest on the loans. This has been a major impediment in the credit sector because borrowers end up being indebted for a long time or their collateral ends up being seized.

High operating costs

Inefficient operations

Untrustworthy credentials

Privacy leaks

Lack of internet security

In general, the irrational monopolistic spread of centralized fund is still lingering in our credit market because of the imbalanced centralized service. The cost mopolized central service has centralized the traditional financial industry to exchange financial transactions to financial firm with large endorsement and support. However distributed credit chain is set to see that there is equity and proper flow of credit. It is also set to improve the system of credit distribution.

What is distribution credit chain?

Distribution credit chain is the first distributed public banking blockchain with the aim to set up a decentralized ecosystem for financial service providers around the world. By empowering credit trade sytem with blockchain technology and returning ownership of data to individuals, DCC’s vision is to mordify and transform the scheme of financial credit distribution.

Why is distributed credit chain a better choice and how is it going to annihilate these problems?

The introduction of decentralized credit chain is set to completely transmogrify the financial credit chain industry. Below are solutions and methods to tackle the limitation or pit falls in credit distribution.

1. Eliminating monopoly and profiteering:
   This will create platform for customers to choose their debtors, and in a decentralized market with numerous competitors.
   Pricing power will rest with the market rather than intermediaries. Participants will get returns and reallocate the data value by providing algorithms and computation on the blockchain

2. Protecting Privacy Reasonably:
   The personal data of the client is transmitted in an encrypted, point to point manner to ensure that only the designated recieptent will process the data. Alternatively, data can be provided to the receiver in the form of zero knowledge proof, which allows verifying of the data authenticity and ownership without revealing the original information.

3. Eliminating Data Monopolies:
   DCC is set to eliminate the value premium caused by centralized system and verification of data from third parties thereby, allowing individuals to own and control their data.
   Improving Data Validation Efficiency and Reducing Data Use Cost, Creating “Data Marketplace, AI Risk Control, Disclosing Lending Behaviors and Positive Data Feedback

COMPARISON BETWEEN OTHER BLOCKCHAIN LENDING PLATFORMS
We have seen various projects geared towards solving issues with lending and they include Libra credit and ethlend. So what differentiates DCC from them all? What makes DCC outstanding? The answer to this is DCCID

The DCCID model differentiates DCC from every other project in that it is a decentralized account system that is built for the recognition and authorization of Users. This platform ensures high level security with very high technicality. The basic feature of DCCID is its digital signatures that is mandated on every step of the data exchange, this makes an hedge of protection for users at every point in time. This consensus algorithm is exactly what solves the problem that has plagued the credit industries. The accuracy of data which is the most important in securing credit can be provided from high-quality forecast firm with good market analysis. This data will in turn be transferred to users Data processing agencies will provide accurate and high-quality forecasts, and most likely both the source data and market analysis recommendations. This is exactly what puts DCC above other credit platforms and it is good to note that it is way ahead in this community.

CONCLUSION
Distribution credit chain Ecosystem
The distribution credit chain ecosystem provides platform each users to cooperate on an independent and equal basis Further cooperation between previous lenders and borrowers will not depend on the original relationship, and decisions made by any participant within the ecosystem will be entirely independent of other ones, thus creating a truly non-cooperative gaming environment. The advantage of using this ecosystem creates high efficiency, low-cost business system, permanent data storage and shared creditor's right records, high securitization of assets. Open interest rate formation mechanism

Token Information:
Name: Distributed Credit Chain
Total supply: 10,000,000,000 DCC
Type: ERC-20
Ticker: DCC
ICO Token Price: 1 DCC = 0.0388 USD
Sold on pre-sale: 26,400,000 USD
Fundraising Goal: 49,000,000 USD

Token Allocation:

Foundation - 28%
Management Team - 20%
Private Round - 18%
ECO Reward - 17%
Market & Cooperation Agency & Consultants - 15%
ICO – 2%
Use of Funds Raised During ICO:
Labor Costs - 30%
Marketing - 25%
Reserve Fund - 25%
Business Cooperation - 10%
Consultancy - 5%
Ecosystem Operations – 2%

For More Information on Distributed Credit Chain visit the following:
Website: https://dcc.finance/
• Whitepaper: https://dcc.finance/file/DCCwhitepaper.pdf

Social Media Platforms
• Facebook：https://www.facebook.com/DccOfficial2018
• Twitter：https://twitter.com/DccOfficial2018
• Youtube: https://www.youtube.com/channel/UCX0Y5MQwTLGPtIP1jAJm9Ng
• Medium: https://medium.com/@dcc.finance2018
• Reddit：https://www.reddit.com/r/dccofficial
• Github: https://github.com/DistributedBanking/DCC

Author's Profile: https://bitcointalk.org/index.php?action=profile;u=1199636
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