DCC: PLATFORM FOR DECENTRALIZED CREDIT SYSTEM

Wide varieties of blockchain features have been exhibited in different global sectors; most especially the financial sector. Although this technology has brought about many developments to the financial sector, yet not all the developments has been utilised. One of the effects of the underutilization is the issue of centralization in the Credit Services. The centralization has brought about imbalanced credit reports, monopoly, loss of direct trading opportunities, profit-driven nature of creditors, high borrower's interest and more. All these are the factors contributing to the ineffectiveness of the credit system globally, therefore DCC has designed a platform for a more effective credit system.

WHAT IS DCC?

Distributed Credit chain (DCC) as the name implies is a platform for a decentralized credit system. It was designed to solve the problems caused by the centralized credit system via the implementation of a decentralized credit system. As an alternative to the traditional centralized credits system, decentralized credit system offers:

1. Eradication of monopoly and profiteering.
2. Improvement in data validation and reduction in cost of data used.
3. Implementation of a standardized data marketplace.
4. Reasonable protection of personal information.
5. Opportunity for individuals to own and manage their data without verification and misuse by third parties.
6. Reliable risk control measures via anti-fraud and modeling algorithm.
7. Positive data feedback.
   With the above capabilities of the decentralized credit system, DCC will develop a highly efficient credit system for the benefit of the whole world.

THE KEY BENEFITS OF DCC
*The platform uses a decentralized account system (DCCID) which is created through a public-private key pair. The DCCID is given to each individual or organization on the platform. It acts as a member's ID. It contains various attributes which can be used for identifying each user.

*DCC brought about the reformation of personal credit exchange process by allowing individuals to manage the storage, presentation, and the use of their personal data by using DIV (Distributed Identification Verification). DIV helps to prevent the manipulation of data by the use of digital signature and digital digest. It also gives opportunity to data service institutions to provide individuals with quality data services rather than storage and the abuse of data, thereby making profits.
*The platform offers a blockchain-based lending process in which Chain data are used to maintain the lending process.

Other benefits of DCC includes:
*Encourages credit accumulation system.
*Cross border credit credentials.
*Redistribution of ecosystem benefits.
*Reformation of credit cost

CONCLUSION
The platform allows its users to store their data on the platform, and through that obtain credit rating report. It offers consumption installments which is an agreement between a merchant and a consumer over a commodity, in which the consumer promise to pay installmentally during an agreed period of time. To ensure security during and after the lending process, DCC via its platform, carry out pre-credit risk control, performance management during loan, credit report links and so on. This is one of the areas in which the traditional credit system is inadequate.
It is a platform for transparent and reliable credit reporting data and credit records.

DCC ICO INFORMATION
Token Name: Destributed Credit Chain
Token Ticker: DCC
Platform: ERC20
Total Supply:10 000 000 000DCC
Accept: ETH

STRATEGIC PARTNERS

For More Information about DCC, click any of this useful links:
Website: http://www.dcc.finance/
Whitepaper: http://www.dcc.finance/file/DCCwhitepaper.pdf
Telegram: https://t.me/dcc_official2
Twitter: https://twitter.com/DccOfficial2018/
Facebook: https://www.facebook.com/Distributed-Credit-Chain-425721787866299/
Medium: https://medium.com/@dcc.finance2018
Github: https://github.com/DistributedBanking/DCC
Reddit: https://www.reddit.com/r/dccofficial/
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4185316.0

Writter: acryptoqueenkim
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