Introduction
In the 21st century, the invention of technologies keeps increasing day by day and we often want to catch up with the new technical innovations. For example, many new models of cars, phones and some other gadgets are produced everyday and we often want to use the latest technology in town. But most times, we are often out of cash and we often decide to go to bank to get a loan. With this, collecting loan in bank is so beneficial to us. However, loans in bank has been associated with several disadvantages which put the borrowers in huge penury. The disadvantages includes; high interest rates, hidden item in the contract which increase the interest, the use of substantial property has a stand. Fortunately, Distributed Credit Chain has emerged with a perfect solution. Now let's get to know DCC.
DCC ( Distributed Credit Chain) is a platform that seeks to greatly reduced the loan interest rates and to put an end to the traditional lending system. This platform is created in order to solve all traditional banking disadvantages and the problems in the financial world today. DCC provides a service that is quick to distribute credit to the participants of the platform without middlemen. This platform (DCC) is based on the blockchain technology and the platform makes use of blockchain technology to provide security and speed in transactions. With smart contracts, DCC is able to provide a reliable transaction system.
Thanks to DCC, we don't need to take our documents to bank to secure a loan anymore, because DCC has comes up with an amazing plan to make everything automated. In order to regulate the system, the blockchain technology will be used to regulate all available data. With this, there is a guarantee that all personal data will be secured.
PROBLEMS PEOPLE FACE WHEN IT COMES TO LOAN AND DCC PROFFERED SOLUTION
The major problem associated with bank loans is the problem of monopoly in the traditional financial industry. DCC provides solution to this problem by providing a policy that will determine the market. With this policy, intermediaries and speculators will not be the one to determine the market any longer. This platform also provides a full assurance of security and storage of users info, in which the user will be the only one eligible to view the information. DCC then takes a step further to introduce artificial intelligence and blockchain technology to make sure things are organized when it's comes to loans and to control risks.
The user interface comprises a credit history for borrowers, and the credit rates in the market. This platform has provided a system that will only allow users to access the platform with the use of DCCID (i.e the identifier) which connect the user with several functions such as; loan request, bank cards and property.
In conclusion, DCC has made things easy, gone are those days when it was difficult to obtain loan, but now with DCC you can obtain loan anytime you feel like.
For more information about the project, click the links below;
• Official website - http://dcc.finance
• Whitepaper - http://dcc.finance/file/DCCwhitepaper.pdf
• Facebook - https://www.facebook.com/DccOfficial2018/
• Twitter - https://twitter.com/DccOfficial2018/
• Telegram - https://t.me/DccOfficial
Author- oly4life
bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=1577997