DCC : The Decentralized Distributed Banking.

Mr Olupem a pharmacist by profession , owner of the legend pharmaceutical company .
Mr Olupem plans to import an anti- malaria drugs to one of the Africa developing countries .
His plan was to sell those drugs to the citizens of that country at a discount as a way of helping them to fight the prevalence of malaria attack in the country while giving back to the society.

He had approached a bank for financial credit to execute his business idea but was taken aback by the outrageous conditions ranging from, collateral security,high interest rates, processing fees, a lot of paper work that he do not even understand .......presented to him by the bank.

Looking at the paper works and other procedures , the loan processes would take nothing less than 4 to 5 weeks to be completed .

The issue of collateral is also not helping matters as he does not own a landed property being required by the bank.

Mr Olupem was forced to put off with his business plans.

Its no gain saying that the resultant effect of this can impact negatively on the society at large.

The people that would have benefited by way of employment will remain in the job marketing.

The citizens of that Africa country , who clearly are so poor and as a result won't be able to purchase the anti- malaria drug ....will keep living at the mercy of malaria sickness ravaging their country.

The loss of the tax that would hitherto accrue to the government .,...which would have helped the government in the provision of infrastructures that would increase the standard of living of the citizenry .

The issue of having to go through so many paper works and signing some terms of contract , has pushed borrowers into engaging the services of intermediary agencies to assist them in filling the forms and filling loan applications .

This has resulted to increased transaction cost and application approval period.
The centralized system of the traditional banking system has constituted a lot of monopolistic power to these financial institutions, reason why the carry out business as they wish.

You will agree with me that one of banking sector 's major function is advancement of loans .
This sector can be said to be the bedrock of the economy .

However, it seems this sector has been performing this duty effectively.

Distributed credit chain aims to leverage off the block chain technology by developing a new super ecosystem that would be of immense benefit to the society at large. With this ecosystem everyone will be able to choose their lenders.

Distributed credit chain is poised to break the monopolistic power being weighed on the financial system by the traditional financial institutions.
Breaking the monopolistic hold of these traditional institutions will make for a competitive banking model , where users /borrowers are allowed to negotiate terms and conditions and prices directly.
It would disrupt the traditional financial institutions credit model with its peer to peer model.

It would make the processes of obtaining loans easier and flexible.

Distributed credit chain aims yo eliminate the gap between borrowers and financial institutions by introducing the decentralized banking ecosystem. This will go a long way in reducing the cost of borrowing .
Empower borrowers to negotiate prices directly.
Reduce the processing time significantly.

Distributed credit chain aims to securely store users data by encrypting it so third party will not tamper it nor be able to comprehend the text of the data.

It would bring the financial institutions under one roof ( a decentralized platform).
This will increase the banking sector efficiency and service delivery.

Losses in business is going to be replaced by distributed wealth management. The tree-like management structure utilized by traditional banking will also be replaced with a level structure of transacting business.

The Advantage of this is that:

Borrowers are positioned to negotiate prices with these financial institutions.

They will be able to choose their lenders on the DCC ecosystem.

Reduction of processing cost and approval period as the middlemen are eliminated.

TEAM MEMBERS

The distributed credit chain team members are all professional s in their various fields.

They are very active too in ensuring that the roadmap is being followed up every step of the way.
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Useful links

Official website: - http://www.dcc.finance/

ANN: https://bitcointalk.org/index.php?topic=3209215.0

White paper.http://www.dcc.finance/file/DCCwhitepaper.pdf
T.me: https://t.me/DccOfficial

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

Fb: https://www.facebook.com/DccOfficial2018/
Author's bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2170542