Monday, 18 June 2018

DDC - Distributed Credit Chain - Financial security measures for the cryptocurrencies !!!

Hello everyone, It's me again bringing to you an exciting blockchain project! This blockchain will enable participants from all over the world to provide financial services in a seamless manner. Through their efforts, the team behind the project hopes it will lead to the emergence of the Distributed Banking virtual agency. This is quite different from the traditional banking fact; it is best thought of as an ecosystem of various financial services. The project named Distributed Credit Chain - a project founded by a Chinese Team. DCC has offices in New York, Beijing, Shanghai, Korea, Japan, Vietnam and Indonesia.
Before getting through the project, together take a look at what people on social networks talk about it.

The very looks looks. Next step, I would like to examine the shortcomings of the current centralized banking system by the example of lending.
80 % of the income of the average bank is a credit and deposit spread. In some States, the Central Bank provides for 3-5 % of the credit and deposit spread, but these are only initial rates for large companies; for small and medium-sized businesses, these rates may be 7%. That is, it turns out a situation in which the system gives more opportunities for monopolists who are large companies. Also, at the present time there are a large number of intermediaries between borrowers and creditors, which accordingly increases the cost of credit for the borrower. As a result, people are increasingly thinking about a system that will be able to place on one platform all the players of the banking sector to work together : creditors, borrowers, risk control specialists, insurance companies and collection bureaus, resulting in the fact that creditors and borrowers will work directly with each other, reducing the credit and deposit spread and calmly develop their business.

For the last example, we see the fact that: In any state, there is a hidden monopoly on lending to business and consumer needs. It depends on the quirks of the Central Banks monetary policy, which declares the discount rate, and the greedy of financial institutions that add their margins to this value. In addition to profits, banks pledge their risks as a percentage of the loan, forcing customers to pay for the short-sightedness of the institution that issued risky, non-recurring loans. The world of lenders is arranged in such a way that common folks, as well as small and medium-sized businesses, will never favor favorable borrowing conditions. They are charged with compensating bank losses on long-term loans granted at low interest to large corporations and affiliated entities. Such "credit rules" are supported by the hidden monopoly of the transnational banking system, where there is no real competition because of the size and political capabilities of industry leaders.

Now is high time to find out more about the project and why it is highly appreciated like that.

The DCC platform is a decentralized united loan market, where the rates are determined via honest principle of supply and demand.

Developers of the DCC platform - Distributed Credit Chain - propose to bring down the credit monopoly with the help of blockchain. Decentralized technology will unite into one ecosystem: Borrowers whose personal data will be reliably protected, and the routine procedure for checking solvency and identification will be passed once and for all; Creditors who will be given the opportunity to independently form conditions for the funds provision; Developers of fintech applications that automate the terms of loan agreements with the help of smart-contracts; Insurers, liquidity providers and others directly or indirectly related to investment activities.

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 credit with blockchain technology and returning ownership of data to individuals, DCC’s mission is to transform different financial scenarios and realize true inclusive finance.
The aim of DCC Finance will be to break the monopoly enjoyed by traditional banks. Besides that, this new type of banking system will reward everyone who participates in the growth of the ecosystem. That way, they will be incentivized to help grow this ecosystem. The end goal is the creation of an inclusive financial system.
DCC uses the blockchain to expand the original interlinked credit ecosystem relationship consisting of many centralized systems into a flat credit ecosystem in which the blockchain smart contracts serve as the shared medium and all participants are be treated equitably.

User Account Identification System

In DCC, each individual or institution has one DCCID generated through Public-Private Key Pair to form an address. This address acts just like a member ID in a traditional Internet system, identifying and associating various real-world attributes (such as real-name authentication, bank cards held, number of properties owned) and information on the credit chain—a loan request, loan, repayment, etc. Only when there is information needing to be associated to DCC can information be stored on the DCC ecosystem. DCC uses digital signature technology at every step of data exchange to fully guarantee the non-repudiation of individual-chain or institution-chain interaction of data.

The system of user account identification will be implemented using DCCID, which will be generated using a pair of public and private keys to form the address. This ID links the DCC account (credit request, credit, redemption information) to the person's real attributes ( real name authentication, Bank cards, and property) .

Digital Asset Lending

At present, in digital asset lending, the lack of effective personal credit information association between the world of data assets and the traditional world, results in no accumulation of historical credit. And there also lacks effective means to avoid risk before, during and after loan processing. DCC distributed credit reporting system can help the blockchain-based credit lending platform open up credit reporting links, conduct pre-credit risk control, manage performance during loan, and foster the expansion of the digital asset lending market. Imagine that people with different digital assets could pledge their digital assets through the loan chain and obtain mainstream digital assets (ETH, BTC, etc.) from different individuals for reinvestment through credit reporting data and credit records. Such loan market would create more liquidity for digital asset transaction markets and provide more financial derivatives.

On the platform, it is possible to implement an arbitrage strategy for short-term high and medium-term low loan rates, create swaps on the difference between risky and stable loans, own bonds and stablecoins.
Another interesting issue is that if you are in need of cash, why not sell the crypto directly? ... This is a very interesting question, I want to ask the opposite question: Do you need to sell your house if you need money urgently? An eloquent question.
"If American programmer Laszlo Hanyecz in 2010 did not buy pizza with 10,000 Bitcoins, mortgage them and get $ 40-50 to buy the same pizza, then today he became a multi millionaire home."
At eCoinomic, they are convinced that if you sell Crypto now, you will lose money in the future, so if you need money in a hurry, it will be better if you do not sell the electronic money that is used as collateral.

Distributed Credit Chain’s core team of specialists is an every-star line-up

Mr. Zhu is a serial entrepreneur in the internet and Fintech industry and scholar with multiple advanced degrees from the world’s most prestigious universities. Before founding Distributed Credit Chain, Mr. Zhu was CEO of TN Tech, a leading SaaS financial technology company in China, which was successfully sold to a publicly-listed company in three years. At TN Tech, Mr. Zhu led a team to develop internet-based credit systems for over a dozen of trusts with multibillion USD annual loan facilitation amount. 
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. Before joining DCC, he was a vice president at JP Morgan. At DCC, Mr. Shi is in charge of blockfin research and technology development. TELECOM, Ingenieur, Majored in Computer Science and Applied Maths Nanjing University, Majored in Electronic Science and Engineering.
Dr. Daniel Lu is an expert in mathematics and financial engineering. He has strong academic background and rich experience in commercial banking, retailing and asset management. With his insights into blockchain, finance and Basel Accord, he oversees DCC’s product development for financial institutions. Ph.D. in Mathematics, Yale University, USA; Postdoctoral Research in Financial Engineering, focusing on the Representation Theory, University of Leipzig, Germany.

Look at the development timeline of DCC. We can see that DCC planed to enter a wide market. In Q4 2018, they will enter Indonesia lending market. In the next year, Q1-Q2 2019 they will Enter Vietnam & other SEA country lending markets and continue to develop and expand in the SEA lending markets in Q3-Q4.

Besides, DCC has many potential 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.

Click at following links to make more sure about your investment. Thank you for your support! Hope you always well.
For more information please visit the links below:
Success comes from ideas, starting with enthusiastic people and flying high by the whole community
Author by: Hoangvuhk3110 Bitcointalk Profile:;u=1805177

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