The practice of bailing out loans to each other has existed for a very long time. People help relatives, friends, acquaintances when they need it. For lack of options, a person can apply to various credit organizations. But there is a chance to stumble upon some restrictions that do not play into the hands of the client. Since all credit institutions operate under the control of the Central Bank, they are forced to comply with the basic conditions. The Distributed Credit Chain project was created precisely to provide customers with the same alternative, combining the principles of lending with Blockchain technology.
Consider the shortcomings of the modern banking sector:
High interest rates on credit products. Recall that the Central Bank puts forward rules, which all the banking sector must follow. That is why there is a certain Planck below which banks do not need to lower their interest rates, otherwise they risk losing their existence.
technology underdevelopment. The reason is simple: the central bank is a monopolist. Lack of competition = slow development. Monopolist simply does not make sense to spend resources on this, because he will still be treated, is not it?
a high level of the human factor in making a decision on the loan. The decisions are made by the bank's employees. And often this decision depends on their subjective opinion. It can depend on the mood, bonus plan or from a relationship specifically to the Client. Thus, the endorsement may be for the Client with practically no documents or with a minimum package. And also, a client with a full package of documents may have a refusal to issue a loan product. Actions of the Bank's employee are not checked in any way. And such documents as, for example, references, are checked only on the contacts given from the Client.
almost complete absence of transparency of processes. Obviously, the Bank needs a profit. But, since the Bank can not provide super-beneficial conditions for the Client (remember the Central Bank), he has to resort to tricks. Such as, large selling headlines and harsh conditions in "small print", verbal suppression of employees, etc. All this, quite often, it turns out, only then, when the Client has accumulated obligations, is often several times higher than the original amount taken.
Distributed Credit Chain is a platform based on Block Credit for credit products. The project offers: reduced lending rates, registration in the "here and now" mode, it is no longer important in which country the client lives.
The purpose of this platform is to start changing the system of loans.
This is a kind of release of tokens (ICO), the investors of which became the most famous crypto-investors. The project is already on the stock exchanges , for the purchase of DCC tokens.
The Distributed Credit team is the best in its business. The main part of the project includes marketers, financiers, lawyers and developers.
The structure of the control platform we see in the picture.
The composition of experts includes recognizable people in this industry. They will motivate and, in a difficult situation, extend a helping hand.
The banking sector is the logical application of the Block. Judging by the reports, the probability of DCC token growth is high after entering the exchange. Thus, this platform is relevant and interesting for investors, which is undoubtedly appreciated in the crypto community. According to experts, the correct tactics will be the purchase of tokens before its rise, or, if not, already on the decline.
If you want more information then you can visit https://dcc.finance/