Introduction

In this digital era, people need accelerated digital activities. In that way, we can predict the future. There is underline public chain and this public chain can use to

• Debt registration

• Credit reporting

• Assets transaction

• Wealth management

This will make things easier for worldwide participants and blockchain base distributed banking will emerge. This distributed banks different from traditional banks from their distributed financial work. More than that distributed banking services will break the monopoly of the traditional system. All the participant in the ecosystem will benefit from this system.

The main blockchain will be launched in the name of Distributed Credit Chain (DCC) with all blockchain qualities.

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.

Normally it will take 5 to 10 years to establish this banking system. But after it established it will become an important part of the financial world. The traditional business also can enter into this ecosystem.

Traditional way

Credit certainly have a huge role in the society and basic function of the credit market is to fill long or short-term funding gaps.

We can find traces of credit market since Mesopotamian time. The market has grown since then and has a huge impact on the evolution of the society. Nowadays the loan systems are legal in every country and many people depend on that.

With the development of big data systems, the credit market has also grown gradually. Big data have a big role in credit market all over the world.

But there are some problems with existing credit market

1. Ownership problems

2. Operating cost is high

3. Operations are inefficient

4. Privacy Leaks

With the development of blockchain technology, these problems can address in the future





Centralized credit service

This service has several disadvantages in the credit market

• Cost – The entire participant should have to face unnecessary costs.

• Efficiency – because of lack of knowledge of the how the system works, borrowers need some assistant. With all these intermediates the process does not run smoothly.

• Burrower’s interest – Burrowers hardly know their right. Most of the time intermediates to deal with the credit market

• Joint debt – credit reporting is not in good stage all around the world.

• Profiteering – many institutions seem to be deviating from serving customers. They only concern about the profit

How decentralized blockchain can help

• Monopoly will be over - In the decentralized system, borrower can choose their debtor among various competitors.

• Privacy protection – blockchain can store in a more secure way. The only recipient gets data and they can either keep or discard data.

• Data monopolies will be eliminated – user can own and manipulate own data without third-party involvement.

• Data validation process will be improved – data will be validated effectively in cost effective manner

• Data marketplace will be created – a place where to promote data standers, fix data use costs and feedback system.

• AI risk control – Blockchain will provide encrypted algorithms and keep burrows privacy secured.

• Disclose lending - after data approved by both lenders and borrowers other institution can check data to skip repeated burrowing.

• Data feedback

Distributed credit network will use these solutions in the blockchain network and aim to build novel credit ecosystem

DCC identification system

DCC will create DCCID after someone registered in the system. This ID will contain users’ personal data like their name, bank name and etc.

Distributed credit data management framework or DCDMF is provided by DCC. DCDMF use to rebuild users data report. Users can take data any time they want using their user ID and password.

Distributed credit maintenance

Users have the authority of data via Distributed Identity Verification (DIV) and can determine the content.

In this DIV process, there is no third party involvement so the data directly passes to the user from data institution.





Distributed Credit chain make sure data generated in the blockchain is accurate.

1. Personal data passed to the data institution

2. Data process by the institute will receive data report

3. Data report will save by individuals locally or in collude storage

4. Apply report for verification

5. Finally the confirmation

Data leakage is minimum during the process. Because data only passé only between individuals and data institutes.

On the other hand, data reports can use again by data institution. DIV pave the way to use data services by big data companies and AI-based companies.

Application of Distributed Credit chain network

• Loan registration

• Loan consumptions

• Blockchain credit cards

• Token loan service

• Mortgage claim service

• Assets distribution

• And many more

Advantages of the DCC ecosystem

• Zero data monopoly

• Temper proof identity system

• Efficient

• Low cost

• Cross-entity

• Permanent data storage

• Shared right records

• Excellent assets liquidity





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

Strong CEO & Famous Advisor

Stewie Zhu

Stewie Zhu, a graduate of Oxford University (Master of Science in Financial Economic), is a specialist in amusement hypothesis and conduct financial aspects, and has been a fiery player in the blockchain field for quite a long time. He acquired a Ph.D. in science and brings wide information as a past executive in various banks. As a VP of JP Morgan, he also brings a lot of experience from big players in the financial place. Furthermore, Zhu is an entrepreneur in the internet and Fintech industry. He was the CEO of TN Tech, a leading SaaS financial technology company in China.

Yu Chen

Yu Chen is a famous angel investor with boundless victories and known online as "Jiangnan Young Cynic" by supporting decentralization. He is Chairman of Galaxy Capital and maker of DIANRONG and is one of the underlying blockchain financial specialists. He already has Invested in more than 200 internet firms and is the author of some best seller books like “Payment Revolution” or "Wind of Jiangnan: Internet Finance" in China.









For more info link:

Official website - http://dcc.finance

Whitepaper - http://dcc.finance/file/DCCwhitepaper.pdf

Facebook - https://www.facebook.com/DccOfficial2018/

Twitter - https: // twitter .com / DccOfficial2018 /

Telegram - https://t.me/DccOfficial





Prepared by:

Bitcointalk Username: chamika888

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1261329