Distributed Credit Chain is the blockchain networking site and it is establishing the concept of Distributed Banking. It is transforming the traditional banking system with debt, asset, and intermediary business structure. They are trying to replace the liability of a business for distributing wealth management by the replacement for asset business.
This will ultimately distribute the credit reporting for debt registration and replacement of asset business. It is establishing the distributed standards evolving the flat structure. This will improve overall business efficiency for various business standards. Being the pioneering distributed public blockchain network serving organization DCC is creating the decentralized ecosystem for financial service.
ABS Asset Distribution
The loan contracts are formed through the ecosystem of DCC. It is the concept of decentralized, non-repeatable and tamper proof feature that securitize the asset by the requirement of transfer of assets by the single equity holder. The technology of investment institutes the emergence of the package and sells lending assets through the DCC identification, screening, combination, and structuring. This brings asset securitization to the market providing distributed asset management with the abilities to improve the technical content with the liquidity of the entire asset management ecosystem.
Economic Ecosystem Model
DCC is valuing the credentials by the use of payment for jobs in DCC where it will be needed to pay by the management of DCC tokens to the contract. This will have the maintenance as a fixed and financial service system where DCC grows distributed business scenarios embedded with the frequent and increased liquidity. The payment will be handled through DCC payment contract by the DCC payment rules for multi-payer participation. It has some benefits to the contribution and it will be used for DCC to reconstruct the credit cost.
This will require data by the credit institutions as per the need of paying DCC certification by the verification of validity recommended by the appropriate partners of individuals effective to maintain the market equity and transparency. The use of DCC will redistribute the benefits of the ecosystem by the application for credit allocating data institution for a certain proportion recycled the reward for the return of borrower.
DCC will incentivize the credit accumulation for the loan into the application process as the ecosystem rewards the pools to form in different business by the contribution to the different ecosystem. DCC also ensures the incentives of good credit behavior obtaining the convenience lending encouraged establishing the good credit.
The cross-border credit credentials use digital assets corresponding to the values of different legal tender of loans and this will facilitate the multifunctional business as expected. This will anchor the currency of multinational lending service ecosystem opening the value for exchanging the ecosystem. DCC transactions will exchange the correspondents providing cross-border settlement services
Technology Realization
The technology method of DCC constructs by a system structure, DApp, Account System, Gateway Service, Open Platform, Open Source Framework, Blockchain and Smart Contract consisted with consortium chain of governance architecture, consensus algorithm, smart contract, public chain structure, system structure, network layer, core layer with book storage, world status cache, functional smart contract engine and virtual machine, account, and consensus algorithm, and interactive layer with open API and cross chain adaptation. These technologies make sure that the system runs well in every sphere and satisfy the users with all the required transaction policy.
DCC is applied in many scenes of the financial area serving the personal loan markets launched for use. By implementing all these technologies in the ecosystem it ensures the development process.
Website : http://dcc.finance/
Whitepaper : http://dcc.finance/file/DCCwhitepaper.pdf
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