The Distributed Credit Chain, DCC has initiated the blockchain network in a decentralized thought process with the ability to change the cooperation for the traditional financial services. This has built a peer-to-peer and all communications of corporation modeling across all the regions, sectors, subjects and accounts. This will pertain the business for a complete transformation to the traditional banking debt, asset and intermediary business structure by the replacement for the liability of the business.

Loan Registration

DCC is dealing with the distributed banking system and it has some certain products. The loan is one main component of it. The registration to the loan service is intended for the C2C loans between the individuals. It is generally divided into two separate types included with directional loans and non-directional loans.

• Directional Loans: This loan happens among the lenders and borrowers occurred through the parties to reach on an agreement to the loan offline. This is respectively can be downloaded by the loan receipt software. It adds with each other by the certification to the finally completely singing to an electronic loan contracted on the DCC system. This will have the payments for the partners completing the capital of the simultaneous transfer. The users can choose the deduction of principal and interest to transfer the money separately.

• Non-Directional Loans: In this system of loans the borrowers will initiate through the loan application anonymously by the preference through the DAPP on DCC. The lenders are not designated and the applications will not include the amount, duration, interest rates, repayment methods of the loan and the tamper-proof personal data integrated and stored on the chain.

This will have the data service providers for the borrowers. This will generate the credit rating information for the algorithm and computation for the algorithm service providers on the chain through the borrowers. The friends can be automatically added as first-degree by the authorization of DAPP where both the parties actively approve the relationship on the chain by the access to the borrower’s by the application and decides to lend.

Both the parties’ signs into the electronic lean contract where the credit contracts should be on the chain during the funds generally transferred through the payment partners on the chain mostly by the third-party payment institutions. The credit can be realized by the enhancement for the borrower’s personal credit to be insufficient. This may need to obtain the loan through the sponsorship provided by other on the chain.

Consumption Loans

It is based on the consumer loans refers to the individual loans used for further study. It comprises the C-End applicants sending through the personal application information to B-End financial institutions. It is done through the chain testing the data against screening algorithms for financial institutions. The qualified applicants can sign the contracts and they can use the funds exclusively to repay the debt on designed credit cards.

The cross-regional nature can be ordinary for the African laborer for urgent need where the hypothetical labor has a good credit record. The credit data sharing for DCC can enhance the credit consumption as the bank is willing to lend at an annualized interest rate for the blockchain network. the scenario is inconceivable for the traditional banking network and it will occur frequently as per the distributed architecture.

DCC is the pioneer to the banking into the public blockchain and they are establishing a decentralized ecosystem for financial service seamlessly.

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