Distributed credit chain... The public bank.

goodnuel (39)in #dcc • 6 years ago (edited)

Finance is the monetary or liquid resources of a person, people, government, businesses, firms, companies, etc. This also involves the management and maintenance of funds, making investments and the general flow of money. The economy of the world and individuals depends on the management of finances, showing how vital it is to human existence. However the financial industry of our today world has faced some challenges which has crippled and killed a lot of potentials in the economy through government policies, bank policies, organisational policies, etc. Since our financial industry are centralized and controlled by government, because government own banks that print money, we have faced some difficulties in sourcing and using funds. also as a result of some government rigorous laws that prevent some individuals from accessing urgently needed funds. Most times the interest rates charged by banks before one can access these funds are outrageous, coupled with the numerous paperwork and delays. This can be very frustrating to an individual in situations of urgency. This happens because the government is centralized, same as banks and it's funds too. All centralized too.

Therefore in the new world, there's a need for an easier access to money by every one, at the very point they need it and at a very minimal or no fees. There's a need for a decentralized way of finance management in our world. The current world finance is monopolized , and can only be accessed by a very select few either by the banks and other government organisations, prompting a need for a Distributed credit chain(DCC).

Using the blockchain technology, distributed credit chain is the world's first public banking that aims to return the use of data and finance to the average individual by empowering credit through a decentralized blockchain ecosystem. Distributed credit chain is solving the problem created by the traditional centralized system operated by banks and government.

THE PROBLEM:

Over time, the problems of finance has increased rapidly, making funds not accessible to the public. There is a very cost of sourcing for funds, to the inefficiency of credit agencies, to the profiteering engaged by the banks.
Say one has an urgent need for money, there are loads of interests to be paid, and the numerous paper works to be done. such an individual may not have the time or patience to see such deal through. And rightly so.

THE SOLUTION:

As an ecosystem that engages in the use of a decentralized thinking, distributed credit chain will be changing the Orthodox banking model by employing a peer to peer system where all religion, race, sectors and accounts can readily and easily access funds. Also Distributed credit chain will change businesses and firms, and also cooperatives through the breaking down of debts. Assets and intermediary bank business structures. And most importantly, distributed credit chain will be breaking the monopoly in the financial world industry and many more ground breaking features which can be found in the whitepaper.

DISTRIBUTED CREDIT CHAIN KEY FEATURES.

In the distributed credit chain ecosystem, all amount paid by borrower will be decided by the borrower while other credit agencies can set a fixated threshold to handle the borrowers application. This means that interests can be tweaked to suit both parties and hence creating a continuous vitality to the ecosystem.
Distributed credit chain will integrate in various countries and races using it's cross - border, cross-scenario and cross-currency credit service of numerous digital assets. This will hasten and grow the multinational business of lending services globally. With an expected wide acceptance and usage of DCC, this will open up the value of a decentralized exchange ecosystem. Where a user or borrower from another race or country can able to purchase or sell data seamlessly.

3.Distributed credit chain will collect a portion of an expected loan process that will be converted into a credit pool that will form the total reward pool with fixed incentives.

DISTRIBUTED CREDIT CHAIN TOKENS (DCC):

The distrusted credit chain token will be the basis of payment for any transaction on the distributed credit chain ecosystem. More businesses will be integrated as the ecosystem grows. The token is created on the ethereum blockchain.

TOKEN DETAILS:
Ticker: DCC
Token Type: ERC-20
Token Price: 1 DCC = $0.05
Platform: Ethereum (ETH)
Total Supply:10,000,000,000 DCC
Restricted Areas: USA & China

THE DISTRIBUTED TOKEN TEAM:

The team is a set of very smart and passionate individuals with a wide range experience as regards finances and flow of money. These individuals are committed to the goal of housing the first public bank that would create an ecosystem that readily grants access to fund and is user friendly globally.

CONCLUSION:

This is a massive step into the new world, a world where decentralized thinking will be key, where accessibility of funds is made readily available to everyone using the blockchain technology. Distributed credit chain is creating a massive turn around in way that traditional centralised government and bank finances operate.. Distributed credit chain welcomes you to the new world.

For more information, use any of the links below.