DCC; TRANSFORMING THE FINANCIAL SECTOR USING THE BLOCK CHAIN TECHNOLOGY.

damselbaby01 (28)in #blockchain • 6 years ago (edited)

The financial sector is a category of the economy made up of firms that provide financial services to commercial and retail customers which includes banks, investment funds, insurance companies and real estate.

Also, The financial services industry plays a vital intermediary role in the world economy as it moves money from entities with excess funds to those with a need for funds. It includes firms that are engaged in activities such as investing, lending, insurance, and securities issuance.

The financial sector have been of great importance in the world today why? because the economy of the world depends on how the finances are been managed and when the finances of a country is been mismanaged it leads to problems been encountered.

Financial companies provide loans for businesses, mortgages to homeowners and insurance to consumers, but when these activities are not performed there will be lack of growth in both small business and real estate.

Furthermore, Rapidly rising interest rates could be a problem in the financial sector: if there is too much rise in the interest rates, the, demand for credit such as mortgages could drop which can affect the financial sector negatively. for instance, in the banking sector today, the interest rates they charge before an individual could access his/her funds is excessively high which can also cause unnecessary delays.

However, the need for a decentralized ecosystem for financial services brought about a group of experts that came up with a project known as Distributed Credit Chain( DCC) to transform the financial sector using the blockchain technology and also distributed credit chain will be breaking the monopoly in the financial world. DCC will also will be able to change the cooperation model in traditional financial services, building a new peer-to-peer and all-communications model of cooperation across all regions, sectors, subjects and accounts.

ABOUT DCC

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. DCC is also a platform that aims to break the monopoly of traditional financial institution and to return earnings from financial services to all providers and users involved.

DCC TOKENS

This is a utility token that is created on the etherum blockchain which will be used to pay for transactions on the DCC ecosystem and will also be used to trade in trading exchanges.

TOKEN SALE DETAILS

Ticker: DCC
Token Type: ERC-20
Token Price: 1 DCC = $0.05
Platform: Ethereum (ETH)
Total Supply:10,000,000,000 DCC

TOKEN ALLOCATION

CONCLUSION

With Distributed Credit Chain, the financial industries will be transformed, there will be low cost of transactions, efficiency in the financial sector and the rate at which resources are wasted will be reduced. DCC has provided each individual or institution with a decentralized account system known as DCCID generated through Public-Private Key Pair to form an address. This address acts just like a member ID in a traditional Internet system, identifying and associating various real-world attributes (such as real-name authentication, bank cards held, number of properties owned) and information on the credit chain—a loan request, loan, repayment. DCC is indeed a good project that is worth investing.

TEAM

DCC has a group of team who are qualified and has years of experiences in their respective fields, below are the great team ;