DCC which is abridged from Distributed Credit Chain is the world's first distributed banking public blockchain with an objective to establish a decentralized ecosystem for financial service providers around the globe. By empowering credit with blockchain technology and returning ownership of data to individuals.

VISION AND MISSION

Distributed Credit Chain (DCC) is the world's first distributed banking public blockchain with an objective to establish a decentralized ecosystem for financial service providers around the globe. By empowering credit with blockchain technology and returning ownership of data to individuals, DCC's mission is to transform diverse financial scenarios and realize genuine inclusive finance.

CREDIT

Credit is an important service offered by every financial institution to borrowers in order to generate income known as "interest". The borrowers are happy to receive credits to solve their problems and the lenders are grateful for the interest they generate. This service is typically not accessible to billions of people globally because of some restraints as mentioned above. Billions of people globally need credit at a particular point in their lives to meet up with their financial needs but lack of easy access to it in their own region or country is obvious to let alone global access and it has resulted to so many people remaining stagnant in their business or whatever they need credit for. The problem of access to credit is the high cost of capital, information asymmetry, and the high cost of banking infrastructure. it is such a pity that there is no existing platform to connect borrowers and lenders together in a secure, more effective and transparent manner without the presence of a third party, let's talk decentralization.

IN WHAT CAPACITY WILL DCC CHANGE THE BLOCKCHAIN INDUSTRY?

The value of the DCC comes from the financial activities and transactions of every one of its members. The DCC digital money will have a more concrete foundation because of increasing numbers of financial transactions which are finished by means of DCC. With the stream of large sums of financial capital, at present socio-economic operations go hand in hand. This brings DCC an expansive scope of potential business applications and invaluable potential.

This is the start of the commercialization of blockchain technology. DCC can turn into an amazing digital asset which merits clutching in the long term with their huge market demand and by disposing of the key weakness of customary digital currencies.

ADVANTAGES OF DCC

1: PREVENT WRONGFUL CREDIT REPORTING

While numerous companies are global players, but international data insurance and banking regulations prohibit the transmutation of consumer records across countries. This means, in the event that you are a person who moves countries or an organization seeking to raise capital, your access to credit is geographically constrained. In the event that you consider the dynamics of globalization and how incorporated the world is today, this is a counterfeit constraint. Because blockchain is a distributed ledger, credit providers and borrowers can connect from anyplace in the world and transaction data is accessible to each individual from the ecosystem regardless of their location.so DCC will be a useful tool.

2: PRIVACY, PREVENT FRAUD

Numerous Companies records on hundreds of millions of users making them significant targets for hackers. With a decentralized system, information all the information is not in one place, regardless of whether one system is hacked, it does not compromise the entire ecosystem. With DCC, there is a real-time log of transactions, such that if your identity has been stolen, you will know sooner instead of later because you will have visibility on all the credit applications influenced using your profile as they to happen. Today, it can be weeks or months before you know whether you have been the casualty of identity theft.

3: PREVENT THE MONOPOLY OF LARGE FINANCIAL INSTITUTIONS

Blockchain enables distributed banking by supporting an ecosystem of interlinked purchase separate financial. Nobody monolithic entity holds every one of the data in a blockchain system and all players can see finish transaction records. Presently, every one of the Big Three and other credit bureaus are separate secretly held companies with disparate closed systems. They don't share data and have diverse methodologies for computing singular credit scores. Moreover, as an individual consumer you don't have immediate, real-time access to your own information. Blockchain technology enables a powerful disintermediation of credit scoring that results in bring down transaction costs to businesses and individuals alike.

APPLICATION OF DISTRIBUTED CREDIT CHAIN NETWORK

• Loan registration

• Loan consumptions

• Blockchain credit cards

• Token loan service

• Mortgage claim service

• Assets distribution

• And many more

TOKEN DETAILS

Symbol: DCC
Type: ERC20
ICO Token Price: 1 DCC = 0.0388 USD (0.00007299 ETH)
Fundraising Goal: 49,000,000 USD
Sold on pre-sale: 26,400,000 USD (BONUS ~80-100% IN USD)
Total Tokens: 10,000,000,000
Available for Token Sale: 22%
Accepts: ETH

TOKEN ALLOCATION

Foundation - 28%
Management Team - 20%
Private Round - 18%
Eco Reward - 17%
Market & Cooperation Agency & Consultant - 15%
ICO - 2%

CONCLUSION

People trust the governments and banks for their financial wellbeing. They play their Part in the ecosystem which is limited but powerful. Having a bank account is considered to be most important and basic activity in the financial life of a human being. Cryptocurrency is going to be the common form of currency in the coming years. People are investing heavily in the market as it the future of the traditional financial system. Giving people opportunities to use the same banking and financial services as everyone else, they are bringing cryptocurrency into the mainstream economy.

For more information on DCC visit the following links below:

WEBSITE - http://dcc.finance/
WHITEPAPER - http://dcc.finance/file/DCCwhitepaper.pdf
Telegram group - https://t.me/DccOfficial
ANN THREAD - https://bitcointalk.org/index.php?topic=3209215.0

Written By:chacha1000
Bitcointalk Profile URL:https://bitcointalk.org/index.php?action=profile;u=2015045