Distributed Credit Chain : World’s first distributed banking public chain

Distributed Credit Chain is the world’s first distributed banking public chain with a goal to establish a decentralized ecosystem for financial service providers around the world. By beginning in the credit industry, DCC’s mission is to realize true inclusive finance through a distributed banking ecosystem.

Their ICO was success and raised 14,498.935 ETH in Public sale

$26.2 million raised in two private rounds

• Lenders : During the lending and borrowing process,data of the transaction approved by both parties is shared with other lenders in need of such data. This effectively prevents problems such as long term borrowing and repeated test borrowing.

• Borrower : Individuals have ownership of data, and the storage,presentation, and use of personal data are determined by individual. The credit investigation system is decentralized, there will be no data island or data monoply.

• Credit Agencies : Joining the Distributed Credit Chain ecosystem helps credit agencies obtain more users and data, so that they may better market their processed data standards, construct big data-processing brands and occupy high-value niches.

Innovation

• Ownership of the data belongs to individuals
• Identity recognition system is unique and cannot be repudiated
• The credit system is decentralized
• Highly-efficient and low-cost data transaction and verification networks
• Decentralization enables the marketization of interest rates
• Create DCC open platform ecology

Value

• Protect Users’ Privacy
• Lower the cost of data usage
• End Data Monopoly
• Borrowing is public and shared

Scenarios

• Loan Registration Service
• Consumption Loans
• Consumption Instalment
• More Coming Soon

For more detail read whitepaper or check their platform.

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