Financial Problem & Solve with Distributed Credit Chain ( DCC )

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MAJOR PROBLEM

Current financial transactions depend on endorsement from various parties, including large financial institutions with substantial transaction costs paid to these institutes. Financial institutions have actually done a monopoly by raising borrower interest rates and reducing the lender's income.

THIS IS HOW DCC SOLVE PROBLEM

BORROWERS

Everyone with a specific borrowing request is required to establish blockchain account to authorize data service providers and process loan requests.

DATA SERVICE PROVIDER

Integrade individual data will be and store on the chain. All of dirty data will be cleaned, and provide data standards.

ALGORITHM & COMPUTATION SERVICE PROVIDERS

Characteristics data will be extracted, make judgments based on policies and quantify judgment based on characteristics.

CREDIT HISTORY FEEDBACK

All of approved credit history reports will be generate on blockchains prevent problems, such as long-term borrowing and repeated test borrowing.

FUNDING PROVIDERS

Not directly involved in lending but provide funding, such as ABS-purchasing institutions.

RISK ASSUMING INSTITUTIONS

Earning income from bearing specific risks by credit bussiness operating, manage loans in progress and collect after loan.

Distributed Credit Chain (DCC) is the world’s first distributed banking public blockchain with a goal to establish a decentralized ecosystem for financial service providers around the world. By empowering credit with blockchain technology and returning ownership of data to individuals, DCC’s mission is to transform different financial scenarios and realize true inclusive finance.