6 main advantages of Distributed Credit Chain (DCC) include

Distributed Credit Chain (DCC) is the first distributed banking public blockchain in the world, with a vision to create a new decentralized ecosystem for financial service providers from all around the world. DDC’s mission is to transform different financial scenarios and realize true inclusive finance, and with blockchain technology, business participants in different countries can provide financial services in a much more convenient way.
So, Why, and How can this system provide more to you?

Advantages 

6 main advantages of DCC include
Break the monopoly: DCC aims to break the monopoly of traditional financial institutions and to return earnings from financial services to all providers and users
Decentralized thinking: with decentralized thinking, change in the cooperation model and new peer-to-peer and all-communications model will be created, across all regions, sectors, subjects and accounts.
Transform business structure: tree-like management structure, which creates the hierarchy, will transform into a flat structure of a decentralized bank, creating distributed standards for a variety of businesses and improving overall business efficiency.
Government regulation: all records registered in the blockchain cannot be tampered, which will enable regulators to penetrate the underlying assets in real time.

Benefits

The core benefit of DCC is to provide fair financial serviced and return earnings from financial service to all providers and users in the Chain, to which the participant can have more incentives to involve in the growth of the ecosystem, therefore, achieve the inclusive finance. You may wonder what is the inclusive finance? Basically, through inclusive finance, the low-income segment can get more opportunities to take part in the lending and borrowing chain. In the old-fashion system, however, these low-rating group often find it harder to get loans from the bank. Moreover, the centralized credit model gives the financial institution the monopoly advantage, and they can do the profiteering by raising customer’s borrowing rate and reduce the lender’s interest rate, thus create higher interest spread. Due to the asymmetric information, the lender and the borrowers can lose opportunities of direct trading. In addition, from the credit agency’s point of view, considerable amounts of time and energy are wasted in verifying the credit of those who do not meet the lender’s credit rating requirement, and thus, leading to resource waste and decrease in efficiency.
On the other hand, with the DCC, monopoly and profiteering would be eliminated. Borrowers can choose their desire debtors, and by decentralizing market, market participant have much more pricing power, rather than leaving it in the hands of the intermediaries’.
Another advantage of DCC is that it helps protecting the customer’s privacy. Personal data are encrypted before transmitted to the recipients. Only the data recipient may process the data, and they can choose not to retain those data after processing. This prevents data from being leaked by third parties and also eliminate data monopolies.
Besides privacy improvement, data validation is also more efficient, which results in the data use cost reduction. Individual data validation can be performed automatically and the data can be used for multiple time, which dramatically reducing the firm’s cost of using data.
One more benefit from DCC is the AI Risk control. Anti-fraud and algorithms are included in DCC with the complicated deep-learning and AI risk-control systems, so as to help financial institutions analyze individual data without storing them, resulting in the risk control improvement.

Usages

DCC can be used in many financial scenarios, among which a DApp has been released to serve the personal loan market. This universal software can use all service structures of DCC market to provide lending services to customers, with better lending rates through price competition between lending institutions and data services providing customers with better lending rates. The products consist of
Loan Registration Service: Consumption Loans, Consumption Installment, Blockchain Credit Card, Digital Asset Lending
Facilitating Asset Securitization: Mortgage Claims Registration, ABS Asset Distribution

Introduction to core team

Stewie Zhu
⦁ Mr.Zhu used to be serial entrepreneur in the internet and Fintech industry. Before founding the DCC, he led a leading SaaS financial technology company in China to develop internet-based credit systems for over a dozen of trusts with multibillion USD annual loan facilitation amount, which was successfully sold to a publicly-listed company in three years.
⦁ Bachelor in EE, Nanjing University; MA in statistics,
⦁ Yale University M.s Statistics,
⦁ Oxford University M.s in Financial Economics
⦁ Ph.D. (Candidate) in Finance, London School Of Economics
⦁ Research focusing on finance and game theory.

Daniel Lu
⦁ Used to be Head of investment banking and asset management, general manager of financial department of a large commercial bank, Mr.Lu had years of experience in financial institutions at home and abroad, working successively at Deutsche Bank headquarters and Finance Department at a joint-stock bank headquarters. He processed Possesses solid professional knowledge and research abilities, and has been invited to give keynote speeches at academic conferences and financial conferences in China and abroad. Specializes in capital & capital market business, asset management, bank assets and liabilities management, internal fund transfer pricing,
⦁ PhD in Mathematics, Yale University, USA; Postdoctoral Research in Financial Engineering, focusing on the Representation Theory, University of Leipzig, Germany

Stone Shi
⦁ J.P. Morgan, Vice President, Quantitative Research, Focused on Derivative Pricing, Quantitative Model Risk
⦁ HSBC, Internship, Rates, Education
⦁ TELECOM, Ingenieur, Majored in Computer Science and Applied Maths
⦁ Nanjing University, Majored in Electronic Science and Engineering

Key strategic partners

Top investors

DCC’s investors include JRR Capital and numerous founders of top-tier fintech companies as well as anonymous investors who are chairpersons of publicly traded companies or CEO of top internet companies. They support DCC with capital and profound resources.

FOLLOW DCC FOR MORE INFOMATION

Website: https://dcc.finance/

Whitepaper: https://dcc.finance/file/DCCwhitepaper.pdf

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