DCC or Distributed Credit Chain is a decentralized credit and banking system will allow users to have control over their finances and will solve the inefficiencies that plague the current system. In a state of monopoly in this banking world, the market has fallen into the hands of only a few financial institutions, which controls the credit data of all individuals and determines the flow and interest rates of all funds, resulting in great profits for themselves.
To overcome such a centralized financial system, in this era of blockchain technology, a new, decentralized system was established, one of which is the Distributed Credit Chain (DCC). With DCC, credit data is no longer controlled by the bank, but goes back to everyone's ownership. Clients can now match their needs with many financial institutions and trade on a blockchain platform based on the same standards.
As a result, transaction costs are drastically reduced and individual users will gain equality with service providers. The traditional banking is only one service provider, not monopolizing the market and gaining excess profits. Meanwhile, a large number of small financial institutions can finally bring their unique advantages in playing and earning a decent profit from the market.
Distributed Credit Chain implements solutions with real Blockchain technology business scenarios, and developing a new super credit ecosystem that benefits the world. DCC is a decentralized open credit platform. Any platform with traffic and scenarios can submit his own Dapp application to DCC, provided this submission is based on the Distributed Loan Chain standard. In the early stages, to ensure health and ecosystem stability, the Foundation will review the Dapp release app. That The Cyber Sheng Foundation encourages various scenario platforms to enter DCC ecosystem to provide Internet financial consumption scenarios through Distributed Credit Chain ecoystem.
In DCC systems, individuals who need data or reports from data agencies must pay with DCC. Credit agencies also need to pay DCC to the certification body when verifying the validity of data. In such way the results and profit wheels can continue to spin and minimize borrower costs. The conclusion about Distributed Credit is a service to launch a Public Blockchain to 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.
If you want to participate with the ICO, you can see above about the token allocation. And about the team behind this project is:
Road Map this project is:
2017
August - DCC project established
September - Constructed unified identity system based on the Ethereum test network
October - Built underlying consortium DCC testnet
December - Deployed online credit declaration contracts based on underlying testnet
2018
February - Token exchange
March - Launch first Disrtibuted Credit Chain-based personal loan product Dapp
April - Distributed Credit Chain open platform goes online
May - Interface with more thab five Chinese institutions of loan,data providing and risk control
Q3-4 - Open self-creation API of Distributed Credit Chain
Q3-4 - Establish unifed MPC of DCC
Q4 - Enter Indonesia lending market
2019
Q1-2 - Enter Vietnam & other SEA country lending markets
2020
- Evolve to public blockchain system
- Develop Distributed Asset Manage system based on public chain
- Develop Distributed Settlement system
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Author: evilsign
eth address: 0x5028c92a61501183ba956e6ccac2275429f17809