The blockchain networks are making development and Distributed Credit Chain or DCC is creating a revolution to the system. It has invented a Distributed Banking system with the complete transformation to the traditional banking debt, asset, an intermediary to the business structure. This will have the establishment of the distributed standards for various businesses along with the improvement of overall business with efficiency. From this point of view, DCC is establishing the business standards reaching to the consensus deploying the business contracts by the implementation of liquidation and settlement service through the distributed financial business.
DApp
Being a decentralized open credit platform DCC is submitting their own DApp applications into their platform with traffic and scenarios. The submission is based on the standards of DCC ensuring the health and stability of the ecosystem for the foundation. This foundation is going to review the DApp release by the applications encouraging the Cyber Sheng Foundation in the different scenario for the platforms entering to the DCC ecosystem.
This will also provide consumption scenarios of Internet finance through the DCC ecosystem. The R&D team is also cooperating with the APP providing customized development services at the early stages to help the lending institutions package and will release the lending client based on the underlying technology to the DCC.
The lending of the institution can have the usage for the client application in developing the customers and completing the customer registration process and comply with the maintenance, data acquisition, risk control and management while procuring the loans.
The customers will create their addresses through the custom App and by this they can export and import by the customers either by universal DApp and it will provide the DCC of DApp developer whereas DApps can be used for all service structures at the market providing the lending services to the customers offering the customers better lending rates by the price of competition among the lending institutions for the data services providing the customers with better lending rates.
Account System
DCCID uses the wallet generation mechanism identical for Ethereum consists the wallet of the private key, public key, and address. The Wallet is consisted of the private key, public key, and address. DCC Wallet is using the elliptic curve algorithms generating the public-private keys. The elliptic curve algorithm for an asymmetric is encrypted by higher security, faster speed occupied less space than common RSA algorithms.
The account contains for a key pair that is private key and public key for each wallet account. It is chosen randomly unidirectional with cryptographic function multiplied by the use of elliptic curve algorithm generative public key. The private key will generate the account addressing the using unidirectional by the cryptographic has functioned. The DCCwallet will be used for Private Key and Keystore and password saving the private key and it can be saved in DApp is been stored elsewhere after backup with an export.
The version of DCCwallet by the collaboration distributed for key recovery can be launched in the MPC platform under the precondition for safety verification. Private Key clients can store the independent organization multiple to recover the password by the needs of multiple institutions coordinating the key recovery help the users storing their key more safely.
DCC enables the replacement of liability business with the distributed wealth management so that asset businesses can be replaced with the distributed credit reporting for debt registration and intermediary business for distributed asset transaction.
Website : http://dcc.finance/
Whitepaper : http://dcc.finance/file/DCCwhitepaper.pdf
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