The Distributed Credit Chain or DCC is the first distributed banking public blockchain. It has a plan for establishing the decentralized ecosystem through the financial service providers. It is empowered with the credit with the blockchain technology throughout the world. It passes through the decentralized thought and the Distributed Banking by the ability to change the cooperation model into traditional financial services to build a unique peer-to-peer cooperation with all community models for every regions, sectors, subjects, and account.
Profiteering
The centralized credit model confers the advantage run through the centers monopolistic enticing a number of financial institutions deviating for the primary purposes by serving the customers. It is aiming for the profitability deducting the lenders while squeezing borrowers including the expansion of profits with an extended customer base. If the profits are not consolidated then it may need a promotion for sound development by the increase in benefits for the users.
Elimination of Monopoly
DCC is dealing with eliminating monopoly and profiteering while almost everyone is dealing with the ability to choose the debtors to the decentralized market with numerous competitors. This will have the pricing power with the rest of the market rather than having intermediaries. The market will have participants to get all the returns and reallocate the data value by providing algorithms and computation on the blockchain.
Eliminating Data Monopolies
The data monopolies can be eliminated from the DCC blockchain as it facilitates all the user individuals to own and use the data by the elimination to the value for the premium cause. This can be done through the centralized storage and verification of data from the third parties. This can have the prevention for the data from being misused or leaked at the third parties. This can ensure the traditional authenticity of data by the prevention to holding through the individuals. This can be verifiable and everyone can have the ownership of data rather than the right to use data as it only can be earned by the authorization of agencies by means of giving proof.
Protection of Privacy
The Distributed Credit Chain will have the value for decentralized blockchain credit business with the original personal information for making it non-decentralizing data. This would have been stored to the third party institutions for the longest time. It will have the possibility for retaining all the personal data for the users into the most secure storages in some certain methods. The storages can be local or can be encrypted and will be stored in the cloud in making it convenient and retrieval through the process of addressing.
The personal data can have the transmission to the recipient to an encrypted and point to point manner. This can have the data received through the process of data and theoretically, it will have the processing for the data received as it can be chosen for retaining the data. Alternatively, the data can be provided to the demander of the data in the form of zero-knowledge with the proof enabling the verification process to the data authenticity and ownership without revealing the original text of information. This can have the potential to fulfill the entire b business requirement at its level best.
The management structure of DCC is evolving the flat structure for establishing the distributed standard for business improving the business efficiency.
Website : http://dcc.finance/
Whitepaper : http://dcc.finance/file/DCCwhitepaper.pdf
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