📌 Hi all my dear today we will consider interesting ICO the Distributed Credit Chain project. Take seat on more conveniently, approximate time of reading 5 minutes. Also have so gone!!!!!
The modern financial system is characterized by high degree of a decentralizovannost. For example providing financial services in banks such as issuance of credit more depends on approval of the application by bank. Besides to payment of monthly payments the considerable interest rate and various commission collecting depending on the financial organization increases. Because of current situation the financial market is substantially monopolized that means increase in an interest rate of loans for borrowers and also reduction of income for creditors.
The Distributed Credit Chain project is designed to solve a problem. The team of developers plans to change a financial system by means of her decentralization. Besides the platform provides placement of various financial services based on a blockchain technology. Implementation of the project will allow to overcome the existing problems and to provide to potential borrowers access to financial services. Thus the benefit will be received by all parties of process beginning from ordinary people and to representatives of small and medium business.
Advantage of the project
Digital bank service in everyday life by that will allow to implement the Distributed Credit Chain project to increase cash flow due to carrying out payment operations with electronic currency. It is connected with the fact that at implementation of transactions there are no territorial barriers therefore each user of system has an opportunity to transfer money regardless of the social status of age and other socio-political parameters and standards.
The problem of monopolization of the financial market stood therefore a question of increase in trust to this difficult sphere long ago and also introduction of digital currency for her universal use was only a matter of time. All payment operations and also relevant questionnaires of potential borrowers and users of system are registered in the public register. This technology is completely safe and guarantees safety of confidential information without a possibility of her change. This decision will svoyervremenno allow to obtain reliable data about the potential borrower and to quickly make the decision by consideration to the application on delivery of loans or providing other types of service.
How the problem is solved
Potential borrowers.
The people seeking to obtain a monetary loan create own account for the purpose of authorization of the supplier of transfer of services and application for granting a loan.
Service providers of information transfer.
Introduction of certain data and their storage in a blockchain system.
Service providers of an algorithm and calculations.
Obtaining characteristics from information formation of the judgements based on policy.
Feedback in relation to credit history.
Created reliable Dunn on credit history generated on blockchains prevent such problems as long-term loan and repeated loan.
Suppliers of an inansirovaniye.
The supplier isn't directly involved in granting loans however provides financing.
Team of developers
The team of developers of the project consists of young ambitious and, above all skilled experts in various fields of knowledge behind which shoulders of tens of successful projects. The team is joined by professionals of IT technologies of marketing and advertizing of the cryptoforeign exchange market and a blockchain and technologies and many others.
Features of the project
Demonopolization of the financial market
Thanks to globally distributed a bank ecosystem of DCC seeks to eliminate the monopolized management and to return income from providing financial services to all parties of process – both to suppliers and users.
The decentralized thinking
Due to decentralization of thinking of Digital Banking it will be capable to change radically the cooperation model concerning traditional financial services thanks to creation of innovative model of cooperation.
Global improvement of Business Structure
As for the sphere of business that introduction of system of digital banking is capable to change cardinally structure of a debt of assets and mediation. In other words the treelike structure of administration of the traditional financial sphere will turn into flat structure of the decentralized bank thereby increasing efficiency of business.
State regulation
That before control by the state that all payment operations they can't be registered in a blockchain respectively are forged that will bring probability of roguish actions almost to naught.
Stages of development of the project
September, 2017 –
Creation of uniform system of the identification based on Ethereum.
November, 2017 –
Start of the project in the test mode.
1 quarter 2018 – the 2nd quarter 2018 –
Start of the first personal credit product. Start of the distributed credit chain.
4 quarter 2018 –
Entry into the market of crediting in Indonesia.
2019 –
Entry into the market of crediting of Vyetman and other sea countries. Further development and expansion of activity of the project.
2020 –
Global migration of the platform. Beginning of development of the system of management of assets and calculations.
Conclusion
The Distributed Credit Chain project is designed to solve rather current problem of the centralized market of the bank sphere. At the moment she is characterized by high extent of refusals in granting monetary loans and also the high size of an interest rate. Creators of the project represent true professionals capable to bring the platform to absolutely new level thanks to qualitatively thought over concept and the help of experts-advisers. Introduction of the market of digital currency to the bank sphere is capable to influence positively a financial situation for all parties of process, including potential borrowers and representatives of a business area.
Links
Official website: - http://www.dcc.finance/
ANN: https://bitcointalk.org/index.php?topic=3209215.0
White paper http://www.dcc.finance/file/DCCwhitepaper.pdf
T.me: https://t.me/DccOfficial
Twitter: https://twitter.com/DccOfficial2018 /
Fb: https://www.facebook.com/DccOfficial2018/
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1324682
