Distributed Credit Chain (DCC) was initially launched as an ERRC-20 compliant token on Ethereum network but with the launch of their mainnet in the first quarter of 2018, DCC tokens are being transferred to the mainnet. Distributed Credit Chain is the public blockchain aimed to transform financial transactions between businesses and individuals, lenders and borrowers, across regions and industries. The Distributed Credit Chain solves three major problems with conventional centralizedShow more [+] institutions i.e. Slow and inefficient, Additional Costs and Profiteering. Distributed Credit Chain solves these problems by introducing innovative blockchain based services such as Distributed Credit Data Management Framework (DCDMF), Distributed Identity Verification (DIV), and Submitting Data Validation (SDV) for a seamless experience of the credit management network. Distributed Credit Chain (DCC) tokens are used for all kinds of transactions on the blockchain. For example, the user will pay in DCC tokens if needs the data reports from data institutions. Other possible use case scenarios are loan registration services, consumer loans, consumption installments, blockchain credit etc.
Distributed Credit Chain uses a Practical Byzantine Fault Tolerance (PBFT) algorithm for consensus on the network. The benefit of using this algorithm is the high throughput of transactions and data security.
Distributed Credit Chain is governed by Cyber Shen Foundation. The core team consists of 9 members. The advisory board has 5 members including Yu Chen, partner of JX Capital.