Blockchain technology opens up the widest scope for application, especially in the financial sphere: centralization, first of all, imposes an unhealthy imprint on all the processes going on there.

Lending is one of the sectors of the financial sphere where blockchain can be especially useful. Full centralization of solutions, high rates on loans, dependence on large banks, etc. are serious hindrances for both individuals and companies. 

To reconstruct the financial sphere, in particular credit, by decentralization will try the project Distributed Credit Chain. 

What is Distributed Credit Chain?

Distributed Credit Chain (hereinafter – DCC) is a decentralized financial ecosystem on blockchain, providing services to a wide range of individuals and legal entities. 

The aim of the system is to democratize access to services around the world, changing the paradigm of the financial market as a whole.

System operation

Consider from the side of borrower.

• First of all, the client creates a personal cabinet, where he specifies all the necessary data for obtaining the credit. In this case, the most important personal information remains encrypted and is not available to third parties. 
• Then a portion of the data is sent to the processing center, in response the client receives the report. 
• Then there is an application for the necessary type of loan, whether it is a mortgage, a target loan, a loan for training and so on
• Finally, the application is considered literally around the world, which means the possibility of obtaining a loan at more advantageous rates than Local: for example, if the average rate in Russia is in the area of 11-15%, the borrower can get a proposal in the amount 2-4%, which is typical for the countries of Western Europe, for example.

All sides of the process (any kind of firms, lawyers, notaries and so on) will be certified in the system, which guarantees a high level of trust in their activities. 

These are only briefly described principles of work of the project, in more detail all subtleties of functioning of the system are named in WP. 

It is also worth noting that lending is only the initial stage of the system, in the future the number of financial services for any kind of clients will only grow.

Solved problems

DCC makes financial services easier, more affordable and more profitable for borrowers, information providers and other service companies, eliminating problems:

• high credit rates;
• long time of consideration of the application;
• high percentage of non-repayment of loans;
• mediation;
• poor customer verification;
• availability of hidden fees and so on.

Token role in the system

For a token you can buy any open for purchase information on the network, pay for a loan application.

Also a part from paid borrowers percent will go to the compensation fund for clients paying on time.

Project management

Token sell

• Token name: DCC;
• Hard Cap: 1,800,000,000 DCC 
• Token name: 1 DCC = 0.0420991 USD 

To participate in sales go to the link.

Project in social networks

In  Telegram -chat already more than 40 000 participants. The number of followers  Twitter -accounts is about 11 900, on Facebook page more than 5 700 subscribers.

Project rating

Icoholder.com  – no rating;

Foundico.com – 8,8/10

Icotokennews.com – 4.4/5 

Icorating.com  – no rating.

The average rating of the project is 4.4/5 points.

Total

DCC sets ambitious plans for the reconstruction of the financial market and offers an interesting and working solution. Roadmap points to the long-term plans of the team.

You can get more information about the project and follow its news by the following links:

Website, Whitepaper, Twitter, Facebook, Telegram group. 

My account on BitcoinTalk.