Distributed Credit Chain - Changing Financials with Blockchains
Distributed Credit Chain [DCC] is a blockchain project that aims to change the financial space using its platform to transform distributed credit reporting, debt registration, wealth management, and asset transactions. Distributed Credit Chain wants to bring back the power of financial services back to the users and away from the traditional banks. With plans to first entering the credit business before expanding into distributed banking, business contracts will be used to settle services and distribute funds accordingly in a safe and secure fashion.
Sold - Out ICO in 20mins!
Visit website for more details: http://dcc.finance/
Distributed Credit Chain has a long list of serious blockchain investors
Currently the credit service market has a myriad of issues that need to be solved; which are mainly caused by the centralization of the organization. Online credit agencies are known for taking advantage of privileged information and are circled around profiting - rather than innovating.
The credit industry only has a few players which make it more of a monopoly and because of the different fee structures in its model, it has been extremely damaging to individuals while highly profitable to the corporations who run it. The main issues with these credit services are - cost, efficiency and borrowers interest
The credit services make their money by charging people extra fees and in non-interest structures such as client training, data, and credit reviews. They do this in order to pay for the bad debt, which is very irrational. The efficiency of these services is also in question since most borrowers don't have knowledge of the requirements. Services for credit reporting reduce the efficiency of service delivery by recommending products to consumers based on their credit score. While credit systems in some countries are often underdeveloped, resulting in higher interests and fees, which in turn, results in more bad debt that cannot be paid off. These people are also often un-aware of how the credit system works, won't be able to establish themselves because the borrower’s interest rates can be confusing to calculate, and the user might be un-aware of their rights.
This system puts people borrowing money in an endless loop - where a majority cannot leave
Distributed Credit Chain is making the solution
Distributed Credit Chain plans on creating a lot of implementations to solve the problems above. A user account identification system will be created in order to save the information about real-world attributes, loan request, loans, repayments, and bank cards held. This information will be held through public-private keys and will use signature technology through the blockchain to ensure that the information does not get exploited.
In the lending portion of the platform, a Submitting Data Validation (SDV) implementation will be created in order to be easily inputted into a user’s risk control system. The chain data that is collected along with the SDV will automatically update the approval of the order and the application will be submitted by the user with their signature that contains the information on real world attributes. The entire lifecycle of a user's transactions are saved and analyzed with each request and so it is accurately assessed, effectively creating a safe and secure decentralized credit system for lenders and borrowers.
Official [DCC] Explainer Video
Additional Investor Information Resources
WhitePaper: http://dcc.finance/file/DCCwhitepaper.pdf
Website: http://dcc.finance/
Medium Blog: https://medium.com/@dcc.finance2018
Telegram Invite: https://t.me/DccOfficial
Explaining Decentralized Credit - Article
https://medium.com/@dcc.finance2018/what-is-decentralized-credit-edcf0af979d
Article written by @justiceforall
BitcoinTalk user: Mr.Ease
BitcoinTalk user link: https://bitcointalk.org/index.php?action=profile;u=803528
Ethereum Address: 0xEa67d5856b48925972a9f3d6D9b923593B8B16a6
Yeah, This project is very hyped! Sell out in 20 minutes is unreal!
One thing I noticed is that this team is active on telegram. Top quality community support is always a good quality
Yes it did sell out supper fast. Definitely a project to keep an eye on
Sneaky Ninja Attack! You have just been defended with a 4.89% upvote!
I was summoned by @generation.easy. I have done their bidding and now I will vanish...
woosh
A portion of the proceeds from your bid was used in support of youarehope and tarc.
Abuse Policy
Rules
How to use Sneaky Ninja
How it works
Victim of grumpycat?
You got a 2.33% upvote from @upme thanks to @justiceforall! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).
You got a 5.73% upvote from @emperorofnaps courtesy of @justiceforall!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
This post has received a 3.27 % upvote from @booster thanks to: @generation.easy.