Distributed Credit Chain ~ Decentralized Finance Services

syaerulid (25)in #dcc • 6 years ago (edited)

Hello Guys today I will review coin that makes me interested to invest. That is Distributed Credit Chain (DCC) and below i will tell you more the reason why i will invest in DCC.

Vision and Mision

With a Based on Blockchain Technology and Decentralized System Distributed Credit Chain have a goal to establish a decentralized ecosystem for financial services provided around the world and DCC also have a Mision to transform different financial scenarios and realize true inclusive finance,DCC with Decentralized System also want to solve the problem of finance that happen when used Centralized System that used high cost, not efficient of time and efforts also Finance services that only think about profit but can't give the best service to their customer.

Ecosystem of Distributed Credit Chain :

DCC is the center in this Ecosystem, so what is the meaning of the centre? all the transaction in DCC need to be paid with DCC also the balance is managed through DCC token contract to maintain a fixed total amount of DCC. As the financial service system in the DCC grows, more and more distributed business scenarios are embedded and used more frequently, which greatly increases the liquidity of DCC Ecosystem.

Main Features

This Project (DCC) is the first distributed banking public blockchain in the world in other words it is the new era of the financial services but word "the first is not necessarily the best can be solved by DCC with these features :

Redistribute Ecosystem Benefits

With a based of the blockchain and Decentralized System , DCC make a system with "priority system" the meaning of priority is individuals that have more DCC than others is more prioritized by the system as i write above the DCC is the Centre of this ecosystem so individuals that have more DCC can make this ecosystem more liquid that's why they're be prioritized, also DCC amount paid for the loan is decided by the borrower at own discretion, and credit institutions can set the minimum threshold of DCC and handle the priority of borrowers’ applications by the amounts of DCC that someone have.

Incentivize Credit Accumulation

In the DCC system, a portion (for example, 2.5%) of the loan in the application process is converted into the credit pool of the day and forms the total reward pool with ecosystem fixed incentives. According to DCCreward Agreement, on Day T+1, the money in credit reward pool will be distributed evenly to incentivise borrowers who repay loans before Day T. So if you're pay the loan before due date you will get bonus but in DCC is named with Incentivize Credit Accumulation this system make a marks to "good borrowers" and "bad borrowers" and for the future if you marked by "good borrowers" by the system if you want to borrow a money the system will simplify your loan because of your mark was good in the past.

The daily fixed incentive is dynamically adjusted by the foundation according to ecosystem development needs, and daily fixed accumulation will not exceed the total amount of DCC. When there is no DCC that can be excavated, the incentives will be no longer given. (no matter if you're pay the loan before due date because DCC is the centre of this Ecosystem)

Cross-border Credit Credentials

Because the DCC system provides a cross-border, cross-scenario, and cross-currency credit service of digital assets, DCC can correspond to values of different legal tender of loans in various countries, which greatly facilitates the multinational business of lending service agencies.

Being more frequently used, DCC is expected to become the anchor currency of the multinational lending service ecosystem on Distributed Credit Chain, and open the value exchange of ecosystem service providers in various countries. Through DCC, users in one country or scenario will be able to purchase data reports provided by the data providers of another country or scenario, or apply for loans from various lending institutions in different countries. DCC transactions in different exchanges corresponding to different currencies can provide cross-border settlement services.

Why Use DCC?

Decentralized System that Want to Break the Monopoly

With a global distributed banking ecosystem, DCC aims to break the monopoly of traditional financial institutions and to return earnings from financial services to all providers and users involved in such services so that each participant may share the return of ecological growth. distributed banking will ultimately be a way to truly achieve an inclusive system of finance

Decentralized Thinking with Blockchain Technology

Through decentralized thinking, distributed banking will be able to change the cooperation model in traditional financial services, building a new peer-to-peer and all-communications model of cooperation across all regions, sectors, subjects and accounts, this system can easily achieved with supported ofBlockchain Technology.

Transform Business Structure

As it pertains to business, distributed banking will completely transform traditional banking's debt, asset, and intermediary business structure. The tree-like management structure of the traditional bank will thus evolve into the flat structure of a decentralized bank, establishing distributed standards for various businesses and improving overall business efficiency.

Government Regulation

As it pertains to regulation, the fact that all records registered in the blockchain cannot be tampered with will enable regulators to penetrate the underlying assets in real time. Big data analysis institutions will also be able to help the regulatory bodies understand and respond to industry risks more quickly based on blockchain data analysis.

Superstar Team

Distributed Credit Chain is currently comprised with 8 experts that now based in China and one of the member of Distributed Credit Chain team previously worked as Vice President in JP Morgan what a nice for DCC. The Profiles of The Teams are as follows :