Distributed Credit Chain Empower Credit, Enable Finance

Hello Guys today I will review token 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.

As We know from the past until now Traditional Finance is controlled by Centralized System that control everything in financial Industries that we called Bank now. Distributed Credit Chain come to break the Centralized System that control us and replace it with a integrated decentralized ecosystem of distributed financial services.

Here is How The DCC realization to break the system that until now control us :

Vision and Mission

Dcc is serious projects so it must have a clear vision and mission. As i write above DCC come with a Vision and Mission to break the centralized system that control us from the past until now so DCC won’t use centralized system too to break it.

DCC is the first distributed banking public that come with decentralized ecosystem that supported with blockchain technology that have a vision and mision to : 

1. Returning ownership of data to individuals. 
2. Create a decentralized evosystem for all financial services in the world
3. Break The Monopoly and Eliminated Profiteering from Financial Services
4. Improving Data Validation Efficiency and Reducing Data Use Cost  

As i write above DCC come with a decentralized system that supported by blockchain technology 

With a goal to break the centralized system there is another reason that makes Distributed Credit Chain didn’t use Centralized System : 

• Cost

Model of credit agency is to share the costs incurred by non-interest earning elements (client-gaining, data, credit review, etc.) and non-repayment of loans (bad debt) by charging the someone that called "good guys" who can pay back the money. But this system is really irrational “good guys” that borrow the money from the institutional traditional finance can’t full amount of money that written in agreement letter

As example Beni is a “good guys" that want to borrow money from Atlantica Finance Beni want to borrow $4000 from Atlantica but in Agremeent letter Beni didn’t receive 4000$ as he needs but only receive $3920 with a reason to pay fee like stamp duty, agremeent letter and any others, so in this situation Beni can get the amount of money that he actually needs also for Credit Agencies their  profit margin are always limited and cost management becomes more difficult

• Efficiency

Most Borrowers from Traditional Institutional Finance Service have little or didn’t know a bit knowledge of applicants requirements. This thing mostly happened at developing country. They just want to get money as soon as possible. Because of this, Traditional Finance service must go to meet the borrowers to verify their data because they only have a little knowledge about that. From the Credit agency perspectif a lot of time is wasted only to verifying data borrowers that didn’t meet the requirement to applicant, this thing will leads to resource wastes and decrease in efficiency

• Borrower’s Interest

Borrowers doesn’t have capable to self certify their credit. This means we need someone to be intermediate in consumer credit underwriting certify the credit from borrowers. Even in some of countries developed or underdeveloped country, there are a person be a third party,intermediate,brokers or custom managers that especially prove the borrowers to prove their “creditworthiness”. Especially in the country that information about credit information is limited, the amount of loans that available to borrower is based on material prepared by a third party. This cause the borrower can’t know their rights and interest, because the amount of funds that their get is because how good or bad of the preparations from a third party not based on their capable to pay the credit

• Profiteering

Centralized Credit System give more advantages to someone that have a high position we called them Institution. They decrease the lenders while squeezing the borrowers and increase his profit by extending their customer base. They didn’t think to give service as good as possible but only want to get profit as much as possible

This is The reason you must use DCC and How Blockchain and Decentralized system from DCC solve the problem above :

• Delete The Monopoly and Profiteering from Financial Services

In DCC everyone is free to choose their debtors, and in Decentralized System market has more role to power pricing than a third party/intermediate. Instead, someone who participate at market will get returns and reallocate the data value by providing algorithms and computation on the blockchain.

• Protecting Privacy Reasonably & Eliminating The Monopoly of Data

People said Data is the new “oil” so personal information should not be stored at third party instituions for long term. With Blockchain techonology Give the data back to the user is not impossible and it is the most secure storage method. The form of storage can be a local storage or can be encrypted and stored in the cloud. Personal data that encrypted can be forward to the recipient without have to open the encryption.

If the Data is encrypted data can’t be leaked and monopolized by third parties like a case Facebook with Cambridge Analytica, also only the recepients can process the data or data also can be transmitted to the recipients in form of zero-knowledge proof, which allows to verifying the data authenticity without revealing the original text information, to fullfill the business requirement .

• Improving Data Validation Efficiency and Reducing Data Use Cost

Personal data can be automatically validated and used for multiple times according to data categories, significantly reducing the cost of institutions who use the data. The institutions are free from repeatedly obtaining authorization from users each time they use or access the data.

 

Decentralized Ecosystem of Distributed Credit Chain :

DCC is the “core” in this Ecosystem, so what is the meaning of the “core”? 

All the transaction in DCC Ecosystem 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

DCC system provides a cross-border, cross-scenario, and cross-currency credit service of digital assets. 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 can purchase data provided across country and continent and apply for loans from various lending institution across country and continent too.

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 :

DCC also has very big investor. Some of them are mentioned in the picture below.

More Information about Distributed Credit Chain :

Whitepaper : https://dcc.finance/file/DCCwhitepaper.pdf

Official Website and Roadmap : https://dcc.finance

Telegram : https://t.me/DccOfficial

Facebook : https://www.facebook.com/DccOfficial2018/