We are living in the emerging technological era and everything is developing by the grace of technological advancement. The blockchain network is not different from it and it is accelerating the process of digitalization with faster internet transmission speeds for continuous accumulating distributed computing resources.
The blockchain network is initiating with Distributed Credit Chain or DCC by establishing the idea of the distributed banking system. The goal is to establish the decentralized ecosystem for financial service providers across the world. DCC is balancing the managed tokens by the contract of maintaining the financial service system. It emphasizes the payment for handling DCC payment with the rules for multi-payer participation.
Reconstruction of Credit Cost
The individuals of the DCC system require the data reports for the data institutions to transform the original path for data institutions generating revenues. This will make a profit to collect and resell the user data providing better services to the customers. The certification body will verify the DCC’s payment for the changes in the revenue structure for the data institutions reducing verification costs.
It will reduce the overall cost for the borrowers maintaining the contract responsible for registering, altering and deleting DCC with the price remuneration from the service providers. This also recommends the individuals for the institutions by the AI analysis in the chain avoiding the detrimental impact on the production of borrowers.
Redistribution of Ecosystem Benefits
The system of DCC is applied for credit and it is allocated for the data institutions according to the use of weight. This will verify the data by the credit institutions for certain proportion. This will have the entry for credit reward through the pool by service cost for another portion as recycled and used for continuous release. The remaining portion is distributed as credit result reward for the loan guarantees successfully after the verification.
DCC will make payment for the loan through the application as decided by the borrowers at their own discretion and credit institutions. This will be set for a minimum threshold of DCC handling the priority for the borrower’s application. This will be established for decentralized trading models through the ecosystem for certain distributed interest patterns by making the dynamic adjustment.
Incentivizing DCC Credit Accumulation
The application process will convert the DCC for credit pool of the day forming a reward pool to the distributed incentive for the borrowers. The ecosystem has different pools for rewards in different businesses at the future of the ecosystem by receiving incentives for different pools by the use of contribution to the different ecosystem.
It will be adjusted dynamically for the foundation according to the ecosystem by the development needs by daily accumulation and DCC can be excavated for the incentives ensuring good credit behavior obtaining convenience lending process encouraging the establishment of own good credit.
Credit Credentials
DCC is providing cross-border, cross-scenario and cross-currency to the credit service for digital assets corresponding the values for different legal tenders for loans in various countries and it facilitates the multinational business for lending service agencies. This can be used frequently for the multinational lending service ecosystem and this will open the value exchange for the ecosystem service in many countries.
It has the ability to purchase data reports provided by another country or scenario by the application of loans from lending institutions. This will transact in different exchanges corresponding different countries providing cross-border settlement services.
DCC is dealing with every sort of financial transactions relying upon on the endorsement of supporting larger financial institutions for the substantial transaction.
Website : http://dcc.finance/
Whitepaper : http://dcc.finance/file/DCCwhitepaper.pdf
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