Banking just got an upgrade with Blockchain and DCC!

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It’s no secret that traditional banking is about to make its final bow! Ever since blockchain technology was introduced back in 2008 people are flocking towards a haven based on mathematical principles rather than a “trusted” third party institution that might or might not keep your money safe. So why choose blockchain instead of traditional banking?

The reasons are quite simple, it is significantly less expensive, and transactions are exponentially faster, not to mention the human bias of bank tellers. Fintech companies are coming up with solutions for our everyday lives based on blockchain cutting out any expensive middlemen by streamlining the existing processes.DCC or Distributed Credit Chain is one of these companies.

Distributed Credit Chain: Enabling the Finances of Tomorrow!

DCC aims to become the first publicly distributed banking blockchain that provides financial coverage to countries around the world. With an inclusive approach, DCC will cater to the unbanked, connecting them to the global financial market and promoting prosperity on a worldwide scale. What are some of the services that the DCC platform offers?

1. Borrowing Capabilities
   Users can register on the platform, and through specific blockchain procedures, they can borrow.

2. Data Services Source
   Users can integrate their data on the DCC platform, create data sets and sell it further.

3. Computation and Algorithmic Analysis provider
   Interested parties can borrow computation power to extract meaningful insights based on data.

4. Credit History Track and Funding Providers
   The platform will feature a comprehensive credit history database and give the opportunity to lend funds.

The New Age of Banking is here to stay!

With its financial products, the DCC platform aims to disrupt the traditional banking monopoly and put the customer back into focus. Blockchain Banking, by many experts around the world, is the way to achieve an inclusive financial system that everyone can participate in. By also employing the decentralised architecture, DCC will facilitate cooperation across vast regions and sectors of interest.

Due to the tamper-proof nature of the transaction records, regulators can check the validity of any transaction in real time, on demand. With the help of Big Data Analytics, companies will be able to asses any upcoming risks or respond in a proactive manner to any market needs.

The DCC platform is currently a self-sustainable endeavour as all work done to improve and adapt the core functionalities are paid in DCC coins. Providing a best-in-class service, DCC expects organic growth in the following period thus substantially increasing the available liquidity on the platform.

AI systems and Deep Learning safeguards your funds

Another innovative feature of the DCC ecosystem is the AI risk management protocol; this anti-fraud algorithm provides scalable safety solutions to the users when it comes to processing personally-identifiable data. Lending eligibility is also run through AI systems providing a more transparent view to the lenders. The benefits of these systems are evident as the overall transaction efficiency increases and the running costs are also slashed significantly.

For more information, please check their Website & Telegram.