Distributed Credit Chain (DCC) is the world’s first distributed banking public blockchain with a goal to establish a decentralized ecosystem for financial service providers around the world. By empowering credit with blockchain technology and returning ownership of data to individuals, DCC’s mission is to transform different financial scenarios and realize true inclusive finance.Scenario Let's say an ordinary African worker, is in urgent need of a home renovation.The guy has a goof local credit history,but the annualized interest rates of borrowing from the local banks are upto 8%.So where can he find access to lower interst rates?Through DCC's ecosystem and decenetralized credit data sharing,a canadian bank can see his loan request and assess his borrowing risk,and ultimately make a decision to grant him a loan a a lower interst rate down to 4%.Such a scenario is inconceivable in the traditional banking,but will occur frequesntly in DCC through Blockchain's distributed architecture.http://dcc.finance/ via /r/icocrypto https://ift.tt/2zcWj56
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