I. REAL SITUATION
The traditional financial industry is highly centralized. Financial transactions rely heavily on the endorsement and support of large financial institutions, with substantial transaction fees paid out to these institutions. Monopolistic financial institutions have in fact raised lending rates for borrowers and reduced the interest income for lenders. Example:
- High cost fee: addition more fee
- Low Efficiency: Requirements for borrowers as high. So to achieve the right son through many test stitching, reviews
- Profiteering: Aiming for profitability, they deduct lenders while squeezing borrowers, and expand their profits by extending their customer base.
Consequently, DCC was created to solve the above problems. The main idea of the DCC founders is to create a distributed banking system, which will improve the current banking system, including document flow, distribution of credit income, confidentiality, etc., using blockchain technology.
II. WHAT IS DCC?
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 block-chain credit technology and restoring data rights to individuals, MISSIO Distributed Credit Chain is to change different financial scenarios and realize actual inclusive finance.
DCCID is a decentralized account system, and its generation does not depend on any individual DCC node. Any person, organization, or company can generate this DCCID offline.Only when there is information needing to be associated to DCC can information be stored on the DCC ecosystem.
III. HOW DCC SOLVE?
Borrowers: Individuals wishing to specific loan account setup blockchain to enable service providers and data capture loan requests.
Service Provider: Integration of personal data and store them on the line, clean dirty data, and provide data standards. Also, one of the problems of the current banking system is the provision and storage of personal data from third parties. With DCC, users ' data will be stored in their on-premises or cloud encrypted storage.
Algorithm & Computation Service Providers: Extract features from the data, make judgments based on the quantitative and policy judgments based on characteristics.
Personal data can be sent to the recipients encrypted form so that only he can see them. lternatively, there will be some uninformed about the Protocol itself demonstrated, where expertise can verify the accuracy of the personal data that does not disclose the content of the original document. All this also reduces the risk of leakage of personal data, because they will not be stored in a centralized archive.Prepare credit ratings for all market participants. One type of credit history for borrowers. With the help of technology blockchain, all the records in the block will be published and not available for change
+The chain of credit Distributed completely redefines the process of exchange of personal credit.
Individual has ownership of the data through the DIV (Distributed identity verification), and can determine the host, presentation, and use of personal data. Data service organization makes a profit by providing individuals with the quality data services instead of archiving and data abuse.
- Identification system user account will be done by DCCID, which will be created using a pair of public and private keys to create the address. This ID links the DCC account (credit requirements, credit, redemption information) to the person's real property (real name authentication, bank cards, and assets).
III. THE FUTURE WITH DISTRIBUTED CREDIT CHAIN (DCC)
We imagine that all banks have been replaced by profit credit distribution chain. It means that the lender has not meant a long difficult process with high risk of being scammed-that is the only situation like "when people need money-it is not a problem to get them anywhere you want with perfect conditions". That's the future, when the money could help to build your life and relationship with a man who wanted to borrow money and someone who has money clearly. So, the credit distribution chain (DCC) create conditions to destroy outdated banking system by replacing it with new blockchain effective decision.
IV. TEAM DEV AND ADVISORS
CEO: Stewie Zhu: Graduated at Oxford University M. s in Financial EconomicsPh.D. (Candidate) in Finance, London School of Economics, Research focusing on finance and game theory. He is serial entrepreneur. In the past, he led a leading SaaS company in China and led the development of Internet credit systems for multi-billion trusts. In the future, this company was successfully sold to a publicly registered company.
Co-Chief Researcher at the DCC: Stone Shi
Nanjing University, Computer Science/Math
Nanjing University, Electronic Science and Engineering
For 7 years he served as Vice President of J. P. Morgan. With significant talent in coding and specialization in python programming, Mr. Stone Shi is an expert in quantitative research, derivative pricing, and quantitative model risk analysis.Chief Innovation Officer at DCC: Dr. Daniel Lu:He has strong fundamental training and extensive experience in banking, wholesale and retail trade and asset management. He is also a specialist in Finance, thanks to his experience at Deutsche Bank and Blockchain. It oversees the development of DCC products for financial institutions.
V. ROAD MAP
VI. TOKEN DETAIL
Token: DCC
Standard: ERC-20
1 Token = 0,000073 ETH
Currency received: BNB and ETH
Hard cap: 36,500 ETH
Soft cap: 14,500 ETH
ICO start: May 28, 2018
ICO send: June 28, 2018
Full tokens supply: 500.000.000
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
My BTT: https://bitcointalk.org/index.php?action=profile;u=1315647
I read WPP of this project. It quite good. Thank for reviewing
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The token is Sold out, right?
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A great Project. But some thing i feel confused. What is DCC aim???
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