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DCC (DISTRIBUTED CREDIT CHAIN) NEW GENERATION CREDIT

nashiruddin(27)

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For those familiar with crypto currency, bank are still an irreplaceable element of life, especially from the credit system but are beginning to gradually take a back position on resources that work with digital assets. The DCC system is understood as an alternative to the banking system, which provides credit services for crypto currency transactions. Today in our review, we will consider the ICO of this project

Problems of the existing banking sector

Traditional banking systems have problems. All of them can be divided into several categories:
lack of transparency of banking systems. At first glance, the problem is not obvious. But if you look inside, it becomes clear why the services of conventional banks are relatively expensive;
crediting. For many, loans are a problem. In addition to the lending rate, they have various super-charges and fines, which are groundless. But loans are taken for lack of other choice;
commission for transactions and service charges;
procedure for opening an account. It is complex. It is necessary to personally attend the bank and fill out the documents under the supervision of a special person;
security cost. Old technology to ensure this process, which use modern banks, are expensive. These are personnel, document circulation, paper red tape, audits, provision of technological process of information processing, etc. The technology of blocking and smart contracts allows it to be made much cheaper

The DCC project is aimed at developing an alternative solution for banking services especially in the field of credit for the population, based on the Blockchain and the smartcontract system.
Services to be provided by DCC: