Distributed Credit Chain (DCC) - why we need DCC
Without the help of credit, the progress of individual human cannot be made. When it comes to your credit rating, you have very little control over what transactions are put through in your name, nor do you have clear visibility on how the rating is computed. What if there was a better way? Blockchain technology enables a better approach to collecting, accessing and using credit reporting information. Leveraging the key features of blockchain we can move to a Distributed Credit Chain (DCC). This is a decentralized ecosystem in which all participants, credit providers, and borrowers, can…