Hello my dear friends of blockchain, I am gonna tell you something very big and very promising which is called The DCC Finance!!!
Blockchain going through in rough times. In this cloudy days we need a leader project which is gonna make us get profit, which is make people believe in crypto currency again, which is gonna be successful! There is a project which recovers all this problems. The solution is Distributed Credit Chain! Let's talk more about the project.
What is DCC (Distributed Credit Chain)?
Distributed Credit Chain (DCC) is the world’s first distributed banking public blockchain with a goal to establish a decentralized ecosystem for financial service providers around the world. By empowering credit with blockchain technology and returning ownership of data to individuals, DCC’s mission is to transform different financial scenarios and realize true inclusive finance.
What Was Wrong? What Are The Problems In Traditional Finance Industry?
The traditional financial industry is highly centralized. Financial transactions rely heavily on the endorsement and support of large financial institutions, with substantial transaction fees paid out to these institutions. Monopolistic financial institutions have in fact raised lending rates for borrowers and reduced the interest income for lenders.
1. Cost: The core model of a credit agency is to share the costs of non interest-earning elements and bad debts by charging the "good guys" who can pay back the money. For borrowers, it brings an additional cost.
2. Efficiency: From the credit agency's perspective, a lot of time and efforts are wasted in verifying the credit of borrowers who do not meet the agencies’ risk criteria, which leads to wasting resources and decreasing efficiency.
3. Profiteering: A centralized credit model entices many financial institutions to deviate from their primary purpose— serving customers. Aiming for profitability, they deduct lenders while squeezing borrowers, and expand their profits by extending their customer base.
How The DCC Platform Solve The Problems?
ADVANTAGES
Break the Monopoly
With a global distributed banking ecosystem, DCC aims to break the monopoly of traditional financial institutions and 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. Digital Banking will ultimately be a way to truly achieve an inclusive system of finance.
Decentralized Thinking
Through decentralized thinking, Digital Banking will be able to change the cooperation model in traditional financial services, building a new peer-to-peer and all-communications model of cooperation across all regions, sectors, subjects and accounts.
Transform Business Structure
As it pertains to business, Digital Banking will completely transform traditional banking's debt, asset, and intermediary business structure. The tree-like management structure of the traditional bank will thus evolve into the flat structure of a decentralized bank, establishing distributed standards for various businesses and improving overall business efficiency.
Government Regulation
As it pertains to regulation, the fact that all records registered in the blockchain cannot be tampered with will enable regulators to penetrate the underlying assets in real time. Big data analysis institutions will also be able to help the regulatory bodies understand and respond to industry risks more quickly based on blockchain data analysis.
ROADMAP
As you can see, this is a huge platform for all. All you need to do join the system by investin ICO. You gonna make really big profit. I suggestly recommend you to join The Distributed Credit Chain Platform.
Thanks for reading. Until we meet again!
AS ALWAYS, GOOD LUCK!!!
Website: http://dcc.finance/
Whitepaper: http://dcc.finance/file/DCCwhitepaper.pdf
Telegram: https://t.me/DccOfficial
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=3209215.0
My BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=1265016