Distributed Credit Chain is a decentralized banking system that unites service providers and people who need loans. DCC was created using blocking technology and operates throughout the world. The creators of DCC have set themselves the task of changing the usual financial scenarios, making them more convenient. This was made possible by a transparent block system for all involved participants, which allows you to save data and share it with all users. The crisis of the banking system due to problems with lending.Credits are one of the pillars on which the banking system is based. And the share of consumer lending is increasing every year. At the same time, banks around the world often face non-return of borrowed funds. To solve the problem will help to create a global public network based on the blockbuster. This will facilitate the identification and screening of unscrupulous borrowers immediately after applying for a loan.Factors that speak in favor of the creation of a common banking network, a combined block:constant preservation and distribution of information resources;acceleration of digitization of data;increase the speed of information transfer on the Internet;mass implementation of cryptographic methods of data transformation.DCC ConceptThe main principle of the platform is distributed banking services, which implies the weakening of the monopoly of traditional large financial players. According to the DCC concept, all participants who have made a financial contribution to the development of the system are entitled to returnable income.Decentralization will help create a new model of linear interaction between all players across all regions, regardless of whether the participant is an individual or a large company.To convert assets, proceeds from intermediary services and the structure of the debt, the following methods will be applied:implementation of joint financial management;accessible to all credit reporting;liberalization of interest rates.DCC is an effective tool for financial institutionsThe complex structure of capital management, to which conservative financial institutions are used, will be transformed in the process of work into a transparent linear chain. This availability of information in the DCC system guarantees the security of operations higher than that of traditional banking systems. Because all data on transactions and loans will be available to analysts. Due to this, a bad credit history can not be hidden or changed.And you can immediately abandon questionable transactions and work with problem customers.One of the leading advisers of the project is Matthew Chang Joins, a specialist with twenty years of experience advising international corporations in the field of investing in Europe, Asia and North America.Chang believes that the future of the banking sector for innovative technology. In his view, the successful operation of DCC is irrefutable evidence that the use of blockchain significantly reduces the time of verification and improves the efficiency of financial organizations.ConclusionThe new financial system is far from perfect and in many ways requires further development. At the same time, DCC has all chances to become a leader who can organically and effectively implement the principles of blocking in the financial sphere. A simple idea, at first glance, can be a breakthrough in banking technology. via /r/icocrypto https://ift.tt/2L00K4E
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