Distributed Credit Chain or DCC is improvising a new trend in blockchain establishing Distributed Banking system that pertains to the distribution of decentralization by the disintermediation. This will face breaking to the original excessive premiums with the result from information asymmetry among the intermediaries and this makes the system feasible enough making the community of users satisfied.

Data Validation

DCC is improving the data validation by the efficiency for reducing the data use cost for personal data as it can be automatically validated because of the usage for multiple times in accordance with the data categories. This will significantly reduce the costs for institutions regarding the frequency of data use the institutions are free from repeatedly obtaining authority where the users can invest their time for use or having access to their desired data.

Data Marketplace

Distributed Credit Chain is establishing a standardized Data Marketplace and it emphasizes the data certification for the better promotion to the data standards for the processed construction for the brands with high-value niches. This will have bigger data for the processing with the help of fixing the price in accordance with the data usage by the frequency. This will have the feedback to the data to data platforms. All the financial institutions can be seen for the number of available data modules within the data marketplace making it convenient for the data drivers. This will own the IT systems by connecting it to the valuable data.

Risk Control

DCC also improvises the Artificial Intelligence for risk control. This has the anti-fraud and modeling algorithms provided on the blockchain through the deeper learning and AI risk control systems. This will have the implementation for the financial institutions for processing personal data without making any storage for data.

This certain method is becoming reasonable for the financial institutions for the improvement of their risk control capabilities in accordance with the compliant requirements. It even can disclose the blockchain risk strategies by providing encrypted algorithms. It will also enable the borrowers for the application to the verification based on the algorithm as it has published by the providers of these algorithms and credit institutions.

This can even proactively screen for the lenders through the risk strategy service. This can have the access to the borrowers by the access to the institutional borrowings for the chosen without any application for the loans from those institutions. This will have the prevention to the submissions of personal information by the multiple institutions. This can eventually lead to a drastic increase in the transactional efficiency and will have the further drop in the transaction costs for credit institutions. This will eliminate the needs for allocating computational resources and costs of payments for the borrowers who cannot receive the services for lending.

Disclosing Lending Behaviors

The borrowers will need to process the disclosure to the lending behaviors for the DCC. It will need to create a credit history by reporting it to the blockchain, data will be approved by both the parties in an accessible format to the other institutions. This will need to obtain the data effectively by the prevention to the problems in such a long-term the borrowing being repeated for other test borrowings.

The ecosystem of DCC participates in the premiums of achieving the redistribution to the ecosystem valuing the well fair distribution between the participants through the digital consensus algorithms.

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Whitepaper : http://dcc.finance/file/DCCwhitepaper.pdf
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