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What is Distributed Credit Chain

Distributed Credit Chain is the world’s first distributed banking public chain with a goal to establish a decentralized ecosystem for financial service providers around the world. By beginning in the credit industry, DCC’s mission is to realize true inclusive finance through a distributed banking ecosystem.

Lenders
Lenders:
During the lending and borrowing process, data of the transaction approved by both parties is shared with other lenders in need of such data. This effectively prevents problems such as long-term borrowing and repeated test borrowing.
Borrowers
Borrowers:
Individuals have ownership of the data, and the storage, presentation, and use of personal data are determined by the individual. The credit investigation system is decentralized, there will be no data island or data monopoly.
Credit Agencies
Credit Agencies:
Joining the Distributed Credit Chain ecosystem helps credit agencies obtain more users and data, so that they may better market their processed data standards, construct big data-processing brands and occupy high-value niches.

Innovation

Ownership of the data belongs to individuals

Based on blockchain technology, Distributed Credit Chain enables the decentralized, individual ownership of personal data, rather than centralized credit services managing all the data.

Identity recognition system is unique and cannot be repudiated

The decentralized, non-repudiable and tamper-proof nature of blockchain secures the transaction data for individuals and institutions.

The credit system is decentralized

Individuals have ownership of the data, and the storage, presentation, and use of personal data are determined by the individual. Data service institutions can no longer profit from caching or abusing data.

Highly-efficient and low-cost data transaction and verification networks

The distributed ledger system and decentralized structure, which do not rely on single-node authendication, equip distributed nodes with authentication function and improve the efficiency with collaborated authentication.

Decentralization enables the marketization of interest rates

Everyone will be able to choose their debtors, and in a decentralized market with numerous competitors, pricing power will rest with the market rather than market makers.

Create DCC open platform ecology

All parties participate in the process based on consensus, which solves multiple problems in centralized credit process, including forgery, high trust costs and abuse of privacy.

Value

Protect Users’ Privacy

Lower the cost of data usage

End Data Monopoly

Borrowing is public and shared

Original personal information and non-desensitized data are not stored long-term at third-party institutions. This prevents data from being misused or leaked by third parties.

Personal data can be automatically validated. Users are free from repeatedly having to obtain authorization each time they use or access the data.

Blockchain technology allows individuals to own and use their data, and eliminates the value premium caused by the centralized storage and verification of data from third parties.

As the transaction data approved by both parties is public, the credit history reports generated on blockchains prevent problems such as long-term borrowing and repeated test borrowing.

Partners

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