Distributed Credit Chain : Credit projects in blockchain are beneficial and profitable

Good evening Dear readers and best friend of crypto, on this occasion I will introduce Credit project in blockchain. Please see the article below.

Business credit is a big part of the financial market and thus its existence helps to allocate finances better and maintain a balanced economic system. The existence of loans over time has enabled many of history's greatest discoveries. As the internet progresses, so does the process in the credit industry. Each process, from data collection to data analysis and final decisions, becomes increasingly digital and encrypted. The problem is, however, that no single single system is capable of performing all these processes that lead to fragmentation of services. And this, in turn, leads to less efficient security and increases the chances of counterfeiting and breaching privacy. The security issue is bound to grow, as the credit business itself will continue to grow and expand due to the ever-increasing number of people using loans and having a mortgage or a pay-as-you-go. And this is one of the big problems faced by the credit industry today.

What is the problem
Banks around the world create their own world with blackjack and ... no problem. Power is money and people who get it very quickly understand that they can rule the world. When someone needs money, he tries to find an opportunity to get a loan, but here are a lot of deal details:

the agreement must be protected by law;
payment must be fixed;
relations between parties must be flexible.
This is how the bank emerges. But let's ask some questions about modern systems:

is that honest?
Is it possible to say that banks work to make people's lives better?
The main answer is "no". Realize how high the percentage of credit. People are still forced to work with the bank simply because it is the only legalized form of the loan. Of course it is possible to work with moneylenders, but in this case, there is no protection at all. So, the safest way is the bank. That's how monopolies are born.

Distributed Loan Chain Solutions (DCC)
The project chose Ethereum as its base. Someone who knows the main principles of how it works already understands that the main concern is concentrated on smart contracts. Here are some of the benefits of blockchain in banking:

It is possible to make open source. That means no more third-person and expenses.
Every detail will be fixed in blockchain. That means contracts between parties will be regulated by technology.
No more monopoly. This means that now the relationship between the parties will be created by healthy competition (low prices and better conditions).
By the way, everything will be governed by fixed rules and blockchain with available access to information about bidding. That means no more breach of trust and problems with cost.
Yes, Distributed Credit Chain (DCC) must be patient, because classical banking will die slowly, but as a result, mankind will get the perfect opportunity to use the money for their benefit.

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.Through the use of decentralization, the virtual Banking replica will change the company model used by present financial institutions. Instead, there'll be a P2P model of business that permits everyone from any area of the earth to contribute. In terms of commerce, it'll change the method we view asset, debt, and mediator business structures. Legal responsibility in business is going to be changed by circulated affluence management. The tree-like organization system utilized by conventional banking will also be developed. Instead will be a flat system of doing commerce. The outcome will be enhanced business effectiveness.In terms of the rule, the block-chain will hold that. The entire records will be saved on a block-chain that means they can't be changed. This will allow every controller to look at underlying assets in actual time and verify what's going on. Besides that, by utilizing huge information analysis organizations, controllers will be capable to see manufacturing risks in fine time and respond.

How is their ICO going?
As I mentioned earlier, there are many cases in which the financial-related platform came out to create a service that people in the banking industry felt necessary in real life. And considering that these people are from finance, it is probably natural that they collect a lot of money. And the standard is always more than 10 billion won. And they have attracted investors by providing services that are not directly financial services but rather a little out of there. So they have already raised more than 20 billion won. And the public sale is about to start soon. I think their ICO is positive evaluation.

summary
To sum up, they launched a block chain related to finance and made investors feel attractive by slightly shifting their focus. So I think that many people have been interested in this and have already raised a lot of money. And, as always, I think that there is a need for investors to pay attention because ICO funding is more easily generated because there is a funding background.

Untuk informasi lebih lanjut, silahkan kunjungi tautan di bawah ini:
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
Authour: Stevano
Profil Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=939773
ETH Address: 0x600551EA1C7fE83F9f63254B3b054DcAe9cC2251