Lending is a habitual phenomenon of private life and an indispensable element of almost any business. The credit line helps to reduce the negative consequences of cash gaps and allows you to get out of unforeseen financial situations with minimal stress. Banking credit systems have a number of significant shortcomings, which the Blockchain technology can eliminate. This issue is professionally handled by the Distributed Credit Chain (DCC) team. Today, our review of the ICO of this useful project.
Problems of modern crediting
Banking credit systems have drawbacks:
high interest rates. This, first of all, is connected with the phenomenon of the monopoly of the Central Bank. In this case, the price is dictated not by the market, as it should be, but by banking systems. And those who need credit, are forced to go to these conditions for lack of alternatives;
low technical equipment. A third of modern banks do not have a mobile application. And 20% do not have the technical ability to accept payments online. In order to receive and repay loans in such banks, it is necessary to conduct all operations through the cashier, physically being present;
low quality data validation. This problem entails losses associated with non-repayment of loans. For example, a personal income tax certificate is checked by calling the number of the phone that the lender left. At the other end of the wire can be any person at the same time;
lack of transparency of operations. Banks often go to tricks in order to mislead creditors. For example, the important points are added to the contract in small print. After the loan is issued, the creditor is faced with circumstances that are not in favor of the creditor, which he did not know about.
Distributed Credit Chain Solutions
Distributed Credit Chain (DCC) is a credit platform on Blockchain, which allows you to make a loan with minimal time and financial costs anywhere in the world.
The purpose of the DCC is to destroy the banking monopoly for issuing loans. With Blockchain technology at the head, DCC will provide not expensive, convenient, fast and transparent credit services.
Distributed Credit Chain Team
The Distributed Credit project is presented by a strong team with experience in the financial market. In its arsenal there is a full range of necessary competencies.
The structure of advisers is also represented by strong characters of all industries important for the project. They will give the team all the necessary instructions, recommendations, links and resources, if any.
ICO Distributed Credit Chain
Token: DCC
Smart Contract: Ethereum ERC20
ICO was completed ahead of schedule. Among investors are the largest crypto-funds and investors.
Conclusions about the Distributed Credit Chain project
Advantages of Blockchain banking technology in front of banking systems in matters of finance are obvious and undeniable. Credit processes are not an exception here. The project is relevant for the market both as a solution to the problem and as an investment asset. As evidenced by the early rapid closure of the ICO. Now it is logical to expect listing on stock exchanges to buy. Because, judging by the rate of investment collection, most likely, the DCC token will only grow.