Traditional Banking, as we know it, is dying. Traditional Banks, as we know them, will either vanish or mutate... The threat of Fintechs, as they say, Fintechs is going to take over banking sector...
At the moment, the credit system is at an inappropriate level. In view of this, a profitable transaction for both the creditor and the financial company is rare . Decentralized credit has emerged in response to frustrations with the centralized nature of the traditional banking system.
Introducing Distributed Credit Chain
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The new Distributed Credit Chain platform aims to transform the industry, which is controlled by centralized financial structures, and provides the world's first distributed banking detachment, the goal of which is to create a decentralized ecosystem for financial service providers around the world.
DCC's mission is to develop global financial inclusivity by empowering individuals to own and use their credit with blockchain technology. The Distributed Credit Chain platform will allow credit institutions and borrowers to interact directly, resulting in reduced operating costs, borrowers will receive loans at reduced interest rates, and lenders will make more profit.
The decentralized banking system includes various companies providing lending services, in which preference will be given to organizations that provide the most favorable conditions for their clients. DCC platform is an open ecosystem where many participants are welcomed to enter the financial market. There are no intermediaries between financing loans institutions and people needed credits.
Advantages of Distributed Credit Chain
Distributed Credit Chain brings credit to the blockchain and restores possession of information to people.
The use of Blockchain technology can permit DCC to vary the standard course of operations in banking systems, which is able to cause a permanent increase in communication not solely between totally different regions of individual components of the state.
Conclusion
Distributed Credit is a carrier serving financial service providers in distributed business rather than a blockchain version of traditional bank. A Good project though,as it is solving the problems of traditional financial services where lenders and borrowers both get benefitted with their decentralized digital banking system.
Kindly Connect for more details regarding DCC.
WEBSITE: http://dcc.finance
TELEGRAM: https://t.me/DccOfficial
WHITEPAPER:http://dcc.finance/file/DCCwhitepaper.pdf
FACEBOOK: https://www.facebook.com/DccOfficial2018/
MEDIUM: https://medium.com/@dcc.finance2018
TWITTER:https://twitter.com/DccOfficial2018/
ANN THREAD:https://bitcointalk.org/index.php?topic=3209215.0
Publisher's bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2104524
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