Distributed Credit Chain (DCC) is a decentralized system whose goal is to create and unite all participants of financial services around the world. By providing loans with blockchain technology and returning data to the data owners, the DCC mission is to transform the various financial scenarios and implement true inclusive financing.
HOW DCC WORKS
The concept of distributed banking services is to break the monopoly of traditional financial institutions into fair financial and return revenues from financial services for all providers and users so that each contributor to ecosystem growth can be encouraged into inclusive financing.
Due to decentralized thinking, Distributed Banking will be able to change the model of cooperation in traditional financial services and create a new model of interaction with peers and all telecommunication companies in all regions and sectors.
As far as business is concerned, Distributed Banking completely transforms the structure of the debt, assets and intermediary services of the traditional banking business, by:
• by replacing the business of responsibility with distributed capital management;
• replacing the business of assets with distributed credit reporting;
• registration of a debt and replacement of an intermediate business by the transaction with the distributed assets.
The tree-like management structure of the traditional bank will evolve into a flat structure of Distributed Banking, which will establish distributed standards for various enterprises and increase the overall efficiency of the business.
The Fund will launch the main chain-the Distributed Credit Chain (DCC) to establish business standards, achieve consensus on books, deploy business contracts, implement liquidation and settlement services, etc., for various distributed financial transactions.
BENEFITS
DCC is a decentralized open credit platform. Any platform with traffic can send its own Dapp applications to DCC, provided that these views are based on the Distributed Credit Chain standards.
The Cyber Sheng Foundation encourages the use of various scenarios to enter the DCC ecosystem to provide scenarios for the use of Internet finance through the Distributed Credit Chain ecosystem.
DISTRIBUTED CREDIT CHAIN'S ECOSYSTEM
Developers of the DCC platform - Distributed Credit Chain - propose to bring down the credit monopoly with the help of blockchain. Decentralized technology will unite into one ecosystem:
• Borrowers whose personal data will be reliably protected, and the routine procedure for checking solvency and identification will be passed once and for all;
• Creditors who will be given the opportunity to independently form conditions for the funds provision;
• Developers of fintech applications that automate the terms of loan agreements with the help of smart-contracts;
• Insurers, liquidity providers and others directly or indirectly related to investment activities;
The DCC platform is a decentralized united loan market, where the rates are determined via honest principle of supply and demand.
THE VISION OF DISTRIBUTED CREDIT CHAIN FINANCE
The aim of Distributed Credit Chain finance will be cut the monopoly enjoyed by usual banks. Besides that, this novel type of banking structure will prize everyone who contributes to the development of the system. That way, they'll be incentivized to help develop this system. The ending goal is the formation of an inclusive economic system.Through the use of decentralization, the virtual Banking replica will change the company model used by present financial institutions. Instead, there'll be a P2P model of business that permits everyone from any area of the earth to contribute. In terms of commerce, it'll change the method we view asset, debt, and mediator business structures. Legal responsibility in business is going to be changed by circulated affluence management. The tree-like organization system utilized by conventional banking will also be developed. Instead will be a flat system of doing commerce. The outcome will be enhanced business effectiveness.In terms of the rule, the block-chain will hold that. The entire records will be saved on a block-chain that means they can't be changed. This will allow every controller to look at underlying assets in actual time and verify what's going on. Besides that, by utilizing huge information analysis organizations, controllers will be capable to see manufacturing risks in fine time and respond.
DCC ICO INFORMATION
• Token: DCC
• Standard: ERC: 20
• Type: Utility token
• The token cost in ETH: one Token = 0.000073 ETH
• Accepted currencies: BNB and ETH
• Hard cap: 36,500 ETH
• Soft cap: 14,500 ETH
• ICO start: 28th May 2018
• ICO send: 28th June 2018
• Full token supply: 500000000
• Additional token Emission: No
• Bonus program: Yes
ROADMAP
2017
09/2017: Established unified identity system based on the Ethereum test network
10/2017: DCC testnet launched
12/2017: DCC online credit declaration contracts deployed on DCC test net
2018 Q1-Q2
03/2018: First personal loan product DApp launch on DCC, DCC Explorer launch
04/2018: Distributed Credit Chain open platform launch, second DApp launch
05/2018: Interface with more than five financial institutions with services ranging from loan, data and risk control
2018 Q3-Q4
Q3-Q4: Open self-creation API of Distributed Credit Chain
Q3-Q4: Establish unified DCC MPC
Q4: Enter Indonesia lending market
2019
Q1-Q2: Enter Vietnam & other SEA country lending markets
Q3-Q4: Continue to develop and expand in the SEA lending markets
2020
2020: DCC public chain migration
2020: Initiate development of Asset Manage and Settlement systems
FOR MORE INFORMATION PLEASE VISIT
WEBSITE: http://dcc.finance
TELEGRAM: https://t.me/DccOfficial
WHITEPAPER: http://dcc.finance/file/DCCwhitepaper.pdf
FACEBOOK: https://www.facebook.com/DccOfficial2018/
MEDIUM: https://medium.com/@dcc.finance2018
TWITTER: https://twitter.com/DccOfficial2018/
ANN THREAD: https://bitcointalk.org/index.php?topic=3209215.0
MY BITCOINTALK: https://bitcointalk.org/index.php?action=profile;u=2001712
