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Decentralized Credit Chain - Disrupting The Financial Sector

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Finance is one of the propelling forces of the world economy. Individuals use fiat currencies for their transactions likewise government and other corporations. As the world is all about interests, few people call the shots in the global economy. Most times, their actions affect the common man on the street.

Banks are the core medium of accessing finance. Aside deposits and withdrawals, banks are interested in making income. Most times, they accept deposits with low interest rates and issue same to individuals that need loans. The current banking industry is highly centralized. As it stands today, few persons determine how the industry is regulated and their actions are mostly to protect their interest – profiteering.

The blockchain technology had been lingering for a while and feelers from many quarters posit its maximum effect. DCC that stands for Decentralized Credit Chain is here to make its impact on the financial industry.

DCC – Alternate Banking on the Blockchain

There were reports that about 40% of the world population is unbanked. I don’t consider the report surprising particularly owing to anomalies in the conventional financial industry. It is hard to access loans from banks and when one gets access, interest rates are high.

DCC brings you a solution – blockchain banking. The platform is patterned as traditional banks would but it does not feature those bottlenecks you get in banks. On the platform, you can quick loans at low interest rates.

You’re to present your personal information if your loan request must be processed in banks. DCC doesn’t do this but rather entrusts your information to you. You don’t have to go through the rigors of providing proof before you get loan. Through the Zero Proof technology, you can send your personal information to your benefactor. This ensures data is kept in encrypted form and the recipient might not even have full access to the content. Anti-Fraud algorithm on the platform also makes it hard for your data to get hacked.


DCC also breeds equality among its users. There’s no leader or follower; everyone follows the dictate of the platform. In a world where banks have taken full control of the financial scene, it is hard for startups to find their base.


DCC is hinged on the blockchain. Hence, it is free from any regulation. Through the distributed ledger technology on the blockchain, DCC stores your data securely and reduces to the barest minimum, the use of intermediaries. You can now communicate directly with your benefactor and get your loan in real-time and with low interest rates.

Use Cases

Commercializing the Blockchain

What we have on the blockchain is not far from what we could have obtained in any other platform. Though the technology had promised to bring decentralization to its use cases, it seems the assertion is wrong.

DCC targets setting another standard for the blockchain – commercialization. It aims at making the blockchain a business hub where transactions can be carried out just as marketplaces can be hosted there.

Bottom Line

Distributed Credit Chain as its name suggests, will disburse financial activities the way they were meant to have been. Banks are all out to make gains from loans and other transactions. DCC targets empowerment of its users. Loan processing never got easier as what you have on DCC. Same way, other financial transactions can be done here without qualms.

While targeting full decentralization of the financial industry, it also intends on making the blockchain a marketplace.

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