DCC - Distributed Credit Chain on the Blockchain.
As it pertains to distribution, decentralization is disintermediation, a way of breaking up original excessive premiums that result from information asymmetry among intermediaries, and returning such premiums to ecosystem participants, thus achieving the redistribution of ecosystem value as well as fair distribution among participants through digital consensus algorithm.
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 establishment of a distributed banking system will require a five- or even ten-year process. We hope that after a period of construction, the distributed bank can become an important node of new finance, and traditional businesses can enter the distributed business ecosystem through distributed banking.
DCC is the credential used to pay for jobs in the Distributed Credit Chain. Any work in the DCC needs to be paid for with DCC. DCC balance is managed through DCC token contract to maintain a fixed total amount of DCC. As the financial service system in the DCC grows, more and more distributed business scenarios are embedded and used more frequently, which greatly increases the liquidity.DCC's payment is handled based on the DCCpayment contract, which is responsible for the DCC payment rules for multi-payer participation.
In DCC system, the individuals that require data or reports from data institutions need to pay DCCs. Such mode will transform the orginal way that data institutions generate revenue, that’s, from making profit through collecting and reselling user data to through providing better services to customers.Credit institutions also need to pay DCCs to the certification body when verifying the validity of the data. However, the changes in the revenue structure of the data institution will greatly reduce verification costs , which will further reduce overall cost of the borrower.
DCC Key Features
- Redistribute Ecosystem Benefits
- Incentivize Credit Accumulation
- Cross-border Credit Credentials
TOKEN SALE
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