 Overview Financial intelligence requires some level of self-education and diligence; this is why it is imperative to learn about the economic trends of the times. The new ICO’s was another way to know how the pattern in the financial system has dramatically changed due to digitalization. The era of digital money is here with us, and as such, we need to know about how our finance can be improved upon assiduously. This has brought us to a new way of the pattern of changing the method in which our money can be safe. The financial system is tending to self-destruct before the introduction of the blockchain technology. With the advent of the decentralized system, it is pertinent to note that having the right investment plan is a one-step towards success. Take a pause and think of this! When you are about seeking for the financial loan to driving your plans to the next level as desired; so many roadblocks are always involved which makes all the efforts for that aspiration of yours becomes abortive. Some of the challenges involved in seeking such financial help are high commission rate, a monopoly borrowing organizations exploiting the situation making it difficult to access such credit facilities, and making these financial organizations keep getting even more productive. All these are what Distributed Credit Chain (DCC) platform is set to address within the finance industry.  What is DCC? DCC is the pioneer system in creating the decentralized financial services which shall transform different financial outlay to offer commercial facility such as loans. A significant issue of the company was to create a financial transaction which will entirely rely upon the leverage it will provide as the most substantial financial credit facility company; that will be devoid of high rates for paid purchases. To also bring to the lowest ebb those companies that monopolize the credit facility for selfish gains, thereby helping the credit seekers have money of their own. The DCC shall offer lasting solutions to the challenges like; the borrower, by interlace the account to allowing the data service providers thereby begin a request for a loan. The data services providers will be adding personal data into the standard chain; for services providers the set of steps and calculations used in qualitatively getting some data characteristic. The aids of credit loan histories of each provider for the finance and management of a business, and receiving the income from the particular unforeseen circumstances related to the management of unpaid loans. Aims of DCC The old-fashioned way of banking service can make anyone that might add to the growth of the system. By this method, the platforms will reward members who assist in developing the system. They aim to make sure the gathering of the complete economic ecosystem using great means of the decentralization via the virtual banking system which will cause total changes to the company planning that will help the current financial institutions. How will DCC help the industry Distributed credit chain came entirely to service the already corrupt financial loan sector from the shackles of exploitation. The logic was that it was looking to make ease the business deal using token and the data moved entirely to the blockchain. Financial spectators offer the needed information which has a business deal and used the information to get proper insight analytical. The information of the spectators may be less expensive; however, knowledge of an expert spectator will be beneficial. This means invariably means that a report should not be payable if anyone in need can't access it. The sole reason for this platform was to make sure the transfer of values. Benefits of DCC • Privacy enabled and fraud prevention: The companies now make a well-detailed plan for millions of users allowing it away from the view of the cyber warriors. Being a revolutionary ecosystem for information, the information’s will be kept in different places and spaces so as in a situation of when one system is hacked upon, it won’t compromise the whole system. DCC will enable a log of transactions to track any identity when a case of stolen identity such arises. Soon you will know why it is better to have ones personal data secured as what the ecosystem is trying to provide you; will have the visibility of your credit records on the profile as it occurs. • Preventing monopoly: Competition brings down prices, this was what DCC would do for you by totally reducing the system of monopoly so everyone can have access to loan facility. The Blockchain will use banking means to supporting the ecosystem by interlinking both loan seekers with the financial seek. Monopolistic activities will not hold for data within the blockchain and the players involved will make the transaction data complete. Now, loan bureaus now differentiate private companies with a desperate one. They don’t give out data because of a different method of calculating the personal credit rating. Then, many consumers don’t have a means to have access to their information. The blockchain will make the effectiveness by eliminating of an intermediary in a transaction between the parties for the credit rating which may result in little transaction price of individuals and businesses.  • Preventing false credit reporting: Companies are now getting global contributors, yet the data security and regulations in the banks frowned at the changing from one form to another for the records of consumer globally. Meaning that, as the individual that pass to another region for fundraising, the credit access is regionally hindered. Thinking of our ever-evolving system of globalization and how it applies to the world of today, no doubt there will be a temporary hindrance because the blockchain has the distributed ledger, and as the credit provider or borrower will now able to interacting from across the universe. Transactional information will be on the ground for each member within the ecosystem not minding the place of the location. Conclusion DCC is the pioneer system in creating the decentralized financial services which shall transform different financial outlay to offer commercial facility such as loans. The primary issue of the company was to create a financial transaction which will entirely rely upon the leverage it will provide as the most prominent financial credit facility company; that will be devoid of high rates for paid transactions. To also bring to the lowest ebb those companies that monopolize the credit facility for selfish gains, thereby helping the credit seekers have money of their own. Token allocation and distribution  Roadmap   Investors  Strategic Partners  Core Team Behind DCC project  For more information on Distributed credit chain project please visit Official website: https://dcc.finance White paper: http://dcc.finance/file/DCCwhitepaper.pdf Telegram: https://t.me/DccOfficial Twitter: https://twitter.com/DccOfficial2018/ Facebook: https://www.facebook.com/DccOfficial2018/
author | justice3030 |
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permlink | dcc-financial-blockchain-ecosystem-solving-the-challenges-of-finance |
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DCC is like an oasis in the desert of financial industry. So long has banks help the monopoly over determination of interest rate in a credit transaction. I'm glad to see a distributed credit platform like DCC aiming to reverse that trend. Nice article
author | foley |
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permlink | re-justice3030-dcc-financial-blockchain-ecosystem-solving-the-challenges-of-finance-20180726t172615794z |
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Yeah, in fact, loan facility will be made possible to everyone as DCC will take off all the bottlenecks face when such facility is asked of the traditional banks
author | justice3030 |
---|---|
permlink | re-foley-re-justice3030-dcc-financial-blockchain-ecosystem-solving-the-challenges-of-finance-20180729t085112677z |
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DCC would revolutionize the financial sector and make loan facilities easily accessible to the masses. I love this
author | maxibrainz |
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permlink | re-justice3030-dcc-financial-blockchain-ecosystem-solving-the-challenges-of-finance-20180726t180741168z |
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DCC is changing to old way of financial transactions and deals. Making loans and deals easier, faster and much safer. Lovely article here
author | miracle24 |
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permlink | re-justice3030-dcc-financial-blockchain-ecosystem-solving-the-challenges-of-finance-20180726t184455769z |
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This is one of its kind in the financial sector. A decentralized banking activity that works with a better and newly improvised technology. Lovely work
author | promudy |
---|---|
permlink | re-justice3030-dcc-financial-blockchain-ecosystem-solving-the-challenges-of-finance-20180726t165809765z |
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Dcc is a distributed credit platform with a difference
author | realdeal247 |
---|---|
permlink | re-justice3030-dcc-financial-blockchain-ecosystem-solving-the-challenges-of-finance-20180727t212225248z |
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Using blockchain technology to remedy financial setbacks is just it. DCC will revolutionize financial systems.
author | sammy-gates |
---|---|
permlink | re-justice3030-dcc-financial-blockchain-ecosystem-solving-the-challenges-of-finance-20180727t114742894z |
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Exactly my point, dcc cuttibg edge blockchain technology will seal the flaws in the financial sector
author | justice3030 |
---|---|
permlink | re-sammy-gates-re-justice3030-dcc-financial-blockchain-ecosystem-solving-the-challenges-of-finance-20180729t085246159z |
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Congratulations @justice3030! You have completed the following achievement on Steemit and have been rewarded with new badge(s) : [](http://steemitboard.com/@justice3030) Award for the number of upvotes <sub>_Click on the badge to view your Board of Honor._</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub> To support your work, I also upvoted your post! > Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
author | steemitboard |
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Finance is an important aspect in every business. With DCC one can effectively manage financial tasks and this is a plus advantage.
author | tcode53 |
---|---|
permlink | re-justice3030-dcc-financial-blockchain-ecosystem-solving-the-challenges-of-finance-20180727t084903048z |
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