People conventionally go to financial institutions to find opportunities about credits for their expenditures or any other investment needing a cashflow. And by people I mean everyone, not just ordinary ones like us but also even celebrities (for their upcoming films) or high-profile scientists (for their dream project), and ,of course, politicians (for their run). Yet, ironically, asking for money from those financial institutions is like running through hell, in spite of the fact that they are meant to be there to make thing work out easily. In fact, their important roles in between the process of cash flowing have given them so much power that their meant-to-be-just-intermediate-parties can now manipulate and control the flow of money lending as well as its rate, deciding the fate of any inquiries based on the rules which they have set by themselves.
Looking at it in a further way, such manipulation can totally create economical crisis by creating cash flow shortage in circulation, affecting millions of lives around the world and even creating wars among the countries due to political issues based on the economics problems.
Maybe you would think that such a big deal won't count you in regarding the symptoms or the solutions as well. If you think of it that way, you're terribly wrong! Huge dissatisfaction would surely comes to you when it comes to time that you need something to do with those financial institutions. Your profile and all other information about you that you don't even think of would assembled in their hands in order for conducting a thorough assessment before deciding to financially help you out of your problems or not.
As I mentioned. No one can run from it. Therefore, it must be prevented before it's too late.
And the novel technology of blockchain is giving us the power to do so.
Introducing Distributed Credit Chain - DCC
The Distributed Credit Chain (DCC) acts as a publicly distributed banking system enabled by the blockchain technology, achieving the decentralized model. By that, financial services providers around the world and lenders as well as borrowers can get involved in that process without any hurdles
Regarding the concept, they perceive that, in order to achieve the fully transparent business model of operating financial services, the banking system should be distributed, which is normally impossible. Fortunately, with the help of the blockchain technology, that principle can totally be obtained. Specifically, the openly accessible feature of blockchain allow the public ledger to be available to everyone. Therefore, any participant in the platform having made financial contribution to its development are entitled with the relating income with the official order of smart contract.
Here are the methods used to convert assets:
– Joint form of financial management;
– Globally available credit report in the system;
– Liberalized interest rates.
The main advantages of the platform
– Decentralization - decentralized power and benefits, encouraging all the fairness as well as equality.
– High security: Thanks to the nature of blockchain technology, there is no single point of break for malicious hackers to conduct any attack.
- Transparency: Of course, all are available on the blockchain network.
– Sharing economy: Once everything is tokenized, earning can be made with just a click.
*The platform uses a decentralized account system (DCCID) which is created through a public-private key pair. The DCCID is given to each individual or organization on the platform. It acts as a member's ID. It contains various attributes which can be used for identifying each user.
*DCC brought about the reformation of personal credit exchange process by allowing individuals to manage the storage, presentation, and the use of their personal data by using DIV (Distributed Identification Verification). DIV helps to prevent the manipulation of data by the use of digital signature and digital digest. It also gives opportunity to data service institutions to provide individuals with quality data services rather than storage and the abuse of data, thereby making profits.
*The platform offers a blockchain-based lending process in which Chain data are used to maintain the lending process.
Other benefits of DCC includes:
*Reformation of credit cost
*Cross border credit credentials.
*Encourages credit accumulation system.
*Redistribution of ecosystem benefits.
Token Distribution
– 2%: ICO pool;
– 17%: bonuses from the ecosystem;
– 18%: preliminary sales;
– 28%: technology development pool;
– 20%: management team;
– 15% : marketing and professional consultants.
The people
Their CEO - Stewie Zhu - is an extraordinary person. He is an entrepreneur, a PhD candidate in Finance at London School of Economics, and Political Science with a research focus on microeconomics and Game Theory; and a brilliant scholar with 3 Masters Degrees who sold successfully sold his software business for $150 million in cash before starting up in the blockchain field with his ambitious vision.
Partners
Partnership is an important role when it comes to implementation of any project's idea. And DCC has delivered remarkable performance in establishing those collaborations.
As an effort to raise the awareness among the community, DCC CEO StewieZhu marked his milestone of achieving an academic partnership with Oxford University's Saïd Business School to foster blockchain research, allowing their project's idea to be more accessible among the crowd.
Where to buy?
DCC has already finished their ICO. You can now get some DCC on Kucoin, Bibox, IDEX, DExtop and FCoin. Giving the fact that it has just been a short period of time since their ICO completion, they have already got listed on quite a number of crypto exchanges, including popular ones like Kucoin and Bibox, it is a remarkable achievement.
My Conclusion
The DCC team has an innovative method to come up with the suitable solution to apply the financial operations in order to disrupt the large financial institutions' manipulation, setting up a whole new level of financial structure in our modern bustiness world.
Last but not least, getting involved in such an area like credit would be definitely an advantage for DCC - it would be among the first ones to benefit from the cashflow pouring from the mass market after the crypto sphere successfully persuade the crowd as it is the legitimate investment.
Website: http://dcc.finance/
Whitepaper: http://dcc.finance/file/DCCwhitepaper.pdf
Facebook https://www.facebook.com/DccOfficial2018/
Reddit: https://www.reddit.com/r/dccofficial/
Telegram:https://t.me/DccOfficial
Twitter: https://twitter.com/DccOfficial2018/
Medium: https://medium.com/@dcc.finance2018
Youtube: https://www.youtube.com/channel/UCX0Y5MQwTLGPtIP1jAJm9Ng
Author: tele:
https://bitcointalk.org/index.php?action=profile;u=1964273
