Sunday, July 8, 2018

DCC - DISTRIBUTED CREDIT CHAIN



Very excited to be able to introduce an extraordinary ICO, DISTRIBUTED CREDIT CHAIN is a banking-based ICO and equipped with blockchain technology. DCC has the concept of Distributed Banking is to break the traditional financial monopoly of institutions through financial services and a fair return on income from financial services to all providers and users involved, so that each participant who has contributed to the growth of the ecosystem can be given incentives, so as to actually achieve inclusive finance.

Accelerating digitalization, faster Internet transmission speeds, continuous accumulation of distributed computing resources, the application of mathematic and cryptographic technologies in the digital era: these are the factors that lead us to foresee that in the future, we will see an underlying public chain based on the features of Blockchain (including but not limited to: decentralization, openness, autonomy, irreversibility, and privacy protection).  The concept of Distributed Banking is to break the monopoly of traditional financial institutions through fair financial serviced and return earnings from financial services to all providers and users involved, so that each participant who has contributed the growth of the ecosystem may be incentivised, thus truly achieving inclusive finance. Through decentralized thinking, Distributed Banking will be able to change the cooperation model in traditional financial services and build a new peer-to-peer and allcommunications cooperation model across all regions, sectors, subjects and accounts. As it pertains to business, Distributed Banking will completely transform traditional banking’s debt, asset, and intermediary business structure through replacing liability business with distributed wealth management, replacing asset business with distributed credit reporting, debt registration and replacing intermediary business with distributed asset transaction with . The tree-like management structure of the traditional bank will evolve into the flat structure of Distributed Banking, which will establish distributed standards for various businesses and improve overall business efficiency.

The Foundation will launch a main blockchain – Distributed Credit Chain (DCC) to establish business standards, reach consensus on the books, deploy business contracts, implement liquidation and settlement services, and so on, for a variety of distributed financial business. The Foundation will launch a main blockchain – Distributed Credit Chain (DCC) to establish business standards, reach consensus on the books, deploy business contracts, implement liquidation and settlement services, and so on, for a variety of distributed financial business.

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 . 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. 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.

DCC will provide an open source personal credit data management framework-DCDMF (Distributed Credit Data Management Framework) which is supported by a specific cloud storage provider, and developers, are able to quickly rebuild users’ personal credit reporting data using DCDMF based on their APP development needs. Users having a DCCID can exchange data in several APPs which use DCDMF by exporting their wallet addresses.

Non-Cooperative Game Between Participants

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. The openness of the DCC ecosystem enables each participant to cooperate on an independent and equal basis Further cooperation between previous lenders and borrowers will not depend on the original relationship, and decisions made by any participant within the ecosystem will be entirely independent of other ones, thus creating a truly non-cooperative gaming environment. Such independent bilateral cooperative model will greatly reduce the complexity of system interconnection. It is easier for credit system technology service providers to standardize the modules of credit services and provide the credit standard system that can be deployed rapidly.

Non-Cooperative Game Between Participants

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.

Dapp

DCC is a decentralized open credit platform. Any platform with traffic and scenarios can submit its own Dapp applications to DCC, provided that these submissions are based on Distributed Credit Chain standards. In the early stages, to ensure the health and stability of the ecosystem, the Foundation would review Dapp release applications. The Cyber Sheng Foundation encourages different scenario platforms to enter the DCC ecosystem to provide consumption scenarios of Internet finance through Distributed Credit Chain ecoystem.

Token Details


ICO Start28 May 2018
ICO End28 June 2018
NAMEDistributed Credit Chain
SYMBOLDCC
PRICE1 DCC  = 0.0420991 USD
TYPEERC20 Token
SOFT CAP14,500 ETH
TOTAL SUPPLY TOKEN10,000,000,000 DCC

    More Info

    Websitehttps://dcc.finance/
    Whitepaperhttps://dcc.finance/file/DCCwhitepaper.pdf
    Facebookhttps://www.facebook.com/DccOfficial2018/
    Twitterhttps://twitter.com/DccOfficial2018/
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    Telegram Chathttps://t.me/DccOfficial
    Telegram Officialhttps://t.me/DccOfficial
    Author : mriansa
    https://bitcointalk.org/index.php?action=profile;u=886049
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