DCC is a decentralized financial system for providing next-generation lending services.

I welcome all the crypto community of Steemit! We all witness the rapid development of blockchain technologies and solve the accumulated problems of centralized systems. Today in the article we will talk about the banking sector. The banking sector, to date, is completely divided and monopolized, out of the game, therefore, in effect, dictates for us all its rules, with which one way or another we have to agree. Although in fact, most banks do not act in the interest of honest and conscientious customers The current banking system of lending is arranged in such a way that it, firstly, dictates its rules, overestimating loan rates for borrowers, and secondly, reducing interest on incomes for creditors. In addition, in the provision of loans, there is a human factor effect, it is not uncommon for cases in which, for a number of reasons, the bank's employees provide significant financial amounts to an unscrupulous borrower who subsequently does not return even the amount received, not to mention the interest on the loan. Banks, in turn, shift this burden to bona fide borrowers, thereby increasing interest rates on loans and forcing them to take unnecessary services for borrowers. At all, for those who are really used to taking loans and paying them over a long period of time, the current banking system is unattractive, but it is not possible to refuse its services at the same time. The current system of the banking sector in providing lending services is designed to destroy the blockchain startup DCC (Distributed Credit Chain).

About DCC.

DCC is a distributed credit chain that aims to create a decentralized ecosystem for financial service providers around the world.
DCC sees the following problem of the centralized banking sector:

1. The lost profit from unpaid loans is replenished at the expense of bona fide borrowers;
2. Long, costly and irrational system of checking borrowers, which is also subject to the great influence of the human factor;
3. A model aimed at expanding the client base through untested borrowers, which subsequently depletes the existing system.
   DCC solves these problems as follows:
4. Clients with a specific demand establish an account lock to authorize data service providers and initiate a request for borrowing;
5. Integration of individual data and storing them in a chain in which rapid sorting and analysis of the received data is conducted, in order to obtain the necessary final information;
6. Approved reports on credit data are formed in block chains and are open to further submissions;
7. Providers do not directly participate in lending, but provide financing.
   The decentralized ecosystem of the DCC seeks to destroy the existing monopoly of the banking sector, primarily for a more transparent participation of all actors, which primarily raises the effectiveness of this sector and excludes dishonest participants.

Team of founders and developers

Stuyu Zhu - Serial entrepreneur, founder of TN Tech, Ph.D., Ph.D. in finance at LSE, MS in Financial Economics, Oxford University MS in Statistics, Yale University.

Ming Yao - Technical Director of CCX Credit, a pioneer of China's domestic rating industry. He worked in Bell Labs, many years of experience in the field of large data transmission technologies.

I live Chen - Former professor at Yale University, director of research at the University of Hong Kong. One of the most famous and influential Chinese economists.

The investors of the project are JRR Capital and numerous founders of high-level phishing companies, anonymous high-level investors, and both have deep financial resources. I think the funds invested in the project are evaluated in them in the long term and therefore will not be exposed to manipulation in the market.

Information about the token and sale.

The idea and development strategy of the project was so appealing to large investors that ICO DCC completed early, as a serious hard cap was reached in the amount of 49000000 USD. The standard of the ERC-20 token, you can use the MEW purse for storage, the price is 1 DCC = 0,0388 USD. Total issued 10000000000 DCC tokens, of which 22% are allocated for sale. The remaining tokens will be used to further expand the project, for the team and others.

In conclusion, I would like to note that I am personally inspired by the idea of the project and will follow its development. In the short term, it will focus on the lending market in Indonesia, then Vietnam, and in the long-term outlook on the world market, to which the project team plans to go as far back as 2020. I think this is a pretty good long-term investment.
The information presented in this article is of an exclusively research character and does not stimulate your investments. Take informed decisions based on your own analysis and experience.

Links for reference:
Web site
http://dcc.finance/
Telegram
https://t.me/DccOfficial
https://t.me/dcc_official2
Technical document
http://dcc.finance/file/DCCwhitepaper.pdf
Facebook
https://www.facebook.com/DccOfficial2018/

My telegram @Zabolotin
My MEW is 0x04Dc948863fE21b097b8752b115a1318a2a1952c.