We now live in a world where the credit business is
a big part of the financial market and its existence has helped to make its
existence to keep a balanced economical system and also to allocate finances
better. These days, accelerating digitalization, faster Internet transmission
speeds, continuous accumulation of distributed computing resources, the
application of mathematic and cryptographic technologies in the digital era,
are the factors that would lead us to the future, and it will make it possible
to see an underlying public chain based on the features of Blockchain
(including but not limited to: decentralization, openness, autonomy,
irreversibility, and privacy protection). As the internet continues to develop,
so do the processes in the credit
industry and every process, from the collection of data to the analyses of data
and also the final decisions, are now becoming more and more encrypted and
digitalized. But the problem of all these is that there is no one single system
that is capable of performing all the processes which leads to fragmentation of
the services. There is a platform which was created to totally remove all the
intermediaries from the process which would also solve all of the problems
mentioned above. Have you heard of Distributed Credit Chain (DCC)?
The Distributed Credit Chain (DCC) platform is the
world’s first distributed banking public blockchain which has a goal to
establish a decentralized ecosystem for financial service providers around the
world. The mission of DCC is to transform different financial scenarios and
realize true inclusive finance by empowering credit with blockchain technology
and also by returning ownership of data to the individuals who are involved.
DCC intends to solve problems relating to distributed banking throuth the
following means:
Data
Service Providers: These are the ones who Integrate individual data and store
them on the chain, clean dirty data, and
provide data standards.
Borrowers:
This means that Individuals with specific borrowing demand can establish
blockchain accounts to authorize data service provider and Initiate borrowing
request.
Algorithm
& Computation Service Providers: these are the people
who Extract characteristics from data, make judgments based on policies and
quantify judgment based on characteristics.
Credit
History Feedback: The approved credit history reports
generated on blockchains prevent problems such as long-term borrowing and repeated
test borrowing.
Funding
Providers: Not directly involved in lending but provide
funding (such as ABS-purchasing institutions).
Risk
Assuming Institutions: Operate a credit business by
earning income from bearing specific risks, manage loans in progress and
collect after loan.
DCC has a distributed banking ecosystem and it aims
to break the monopoly of traditional financial institutions, and also 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.
It is wonderful and important to know that
distributed banking will ultimately be a way to truly achieve an inclusive
system of finance. Distributed Credit Chain (DCC) is a platform that would
establish business standards, reach consensus on the books, deploy business
contracts, implement liquidation and settlement services, and so on, for a
variety of distributed financial business.
The
ICO
A total of 10,000,000,000 DCC tokens has been
issued for the project and the token sale has ended in which its result is
14,498.935 ETH that was raised in the public sale and $26.2 million raised in
two private ones.
The diagram below describes how the tokens will be
allocated:
DCC is focused on some thing which is so vital
and important for the progress and prosperity of each and every person. Go for
it!
For additional information about DCC, please visit
the following for more information
Authored by
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1025357
Blockchain Technologies (blockchaintechnologies.com)
ReplyDeleteBlockchain Technologies is a huge static content website that covers practically every single question you might have about blockchain. Additionally, the site also has a news section where stories from the largest cryptocurrency news blogs are gathered.
I added this site to this list of the 27 best cryptocurrency blogs for three main reasons. The first is that the content is absolutely amazing. It is very obvious that the writer spent A LOT of time researching about cryptocurrencies. Secondly, the UI of the website is astonishing. The colors are very well picked, the site charges in the blink of an eye and it is completely responsive. And finally, although the Blockchain Technologies blog has a couple Ads, it is very clear that the main objective of the site is to inform, and not to just make money with visitors.