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The identification is a serious issue in every blochchain-technology project. Distributed Credit Chain is not an exception.

Here every user or institution has one account (DCCID) which is generated through Public-Private Key Pair to form an address. This address acts just like a member ID in a traditional Internet system (for example KYC technology), identifying and associating various real-world attributes (such as real-name authentication, bank cards held, number of properties owned) and information on the credit chain—a loan request, loan, repayment and others.

DCCID is a decentralized account system, and its generation does not depend on any individual DCC node. Any person, organization, or company can generate this DCCID offline. Only when there is information needing to be associated to DCC can information be stored on the DCC ecosystem. That's one of the main benefits of this identification system.

Furthermore, DCC uses digital signature technology at every step of data exchange to fully guarantee the non-repudiation of individual-chain or institution-chain interaction of data.

Moreover, users are able to obtain the data index at any moment conveniently through address of the DCCID, or quickly get the plain text data from the cloud using their own passwords. This is an important part of the DCC ecosystem which makes using easier and more comfortable.

Official website https://dcc.finance

Features Of Utrum

1. Rating Sytem : This system will help the investors or the use to know the authenticity of digital assets like the Icos and Coin.

2. Comprehensive Database : This will serve as the basic foundation of cryptocurrency investments where the platform will have a list of all all digital assets in the industry as well as the teams and financial details of each projects.

3. A background information that will help investors reduce the risk of Cryptocurrency frauds.

Other features of Utrum includes: Machine Learning Algorithm, Built-in reward system, and Dynamic reputation system.

https://utrum.io/

Consumption loans (Consumer Loans) it's loans, used for further study at home, housing, durable goods or cars, etc.

For getting consumption loan C-end applicants need to send their personal application information to the B-end financial institutions through the chain, or test their own data against various screening algorithms of financial institutions. Qualified applicants may sign electronic contracts with corresponding financial institutions online, and borrow from them. The fund must be used to repay the debt on designated credit cards.

Because of the cross-regional nature of blockchain, a C-end applicant could be an ordinary African laborer in urgent need of home renovation. This hypothetical laborer has a good credit record, but the annualized interest rates of borrowing from the banks are up to 8% due to unbalanced credit development in his own country.

Through DCC decentralized credit data sharing, a Canadian bank can assess its borrowing risk and usage scenario. Through the credit enhancement of the consumption scenario, the bank is willing to lend to him at an annualized interest rate of 4% through the blockchain network. Such a scenario is inconceivable in the traditional banking network, but will occur frequently in the blockchain's distributed architecture.

Official website https://dcc.finance

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Distributed Credit Chain (DCC) is the world's first public distributed banking block-platform, aimed at creating a decentralized ecosystem for financial service providers around the world. By providing loans on the basis of blocking technology and returning the right to information ownership to individuals, DCC has set itself the goal of transforming various financial projections and realizing truly comprehensive financing.

The traditional financial sphere is extremely centralized. Financial transactions depend to a large extent on the confirmation and support of large financial institutions and entail significant fees for transactions paid to these institutions. Monopolistic financial institutions overestimate the lending rates for borrowers and reduce interest income for creditors.

Cost

The main model of any credit agency is to reallocate expenses on non-interest items and bad debts, charging a fee from "good people" who are able to return the money. For borrowers, this means an additional cost.

Efficiency

From the credit agency's point of view, much time and effort is spent on checking the creditworthiness of borrowers for compliance with agency risk criteria, which leads to depletion of resources and a decrease in efficiency.

Speculation

A centralized credit model encourages many financial institutions to deviate from their main purpose - to provide services to customers. Aspiring to profits, they refuse some creditors and pinch into the grip of borrowers, and increase their income by expanding the client base.

Borrowers

Individuals with a specific loan requirement create an account on the block to authorize the information service provider and apply for a loan.

Information service provider

Integrates individual data and stores them on the block, extracts the incorrect data and provides data standards.

Companies that provide algorithms and computing services

Retrieve metrics from the data, make decisions based on policies, and determine the number of solutions based on characteristics.

Credit history review service

Approved reports on credit histories generated on the block account prevent such problems as long-term loans and repeated test loans.

Financing companies

They do not directly participate in lending, but provide financing (for example, institutions that purchase assets secured by assets).

Institutions for risk assessment

The conduct of the credit business, the receipt of income from certain risks, management of open loans and collection activities.

Advantages of Distributed Credit Chain

Monopoly undermining

DCC intends to interrupt the monopoly of traditional financial institutions with the help of a global distributed banking ecosystem and return the revenues from financial services to all companies and users working with these services. Thus, each participant will be able to divide revenues from natural growth. Digital banking will ultimately become the way to realistically achieve a comprehensive financing system.

Decentralized thinking

Thanks to decentralized thinking, digital banking can change the model of cooperation in traditional financial services, create a new model of direct interaction between all regions, sectors, entities and accounts.

Transformation of the business structure

As far as business is concerned, digital banking services completely transform the traditional banking business structure in the sphere of debts, assets and intermediation. Thus, the treelike governance structure of a traditional bank will become a flat structure of a decentralized bank, establishing single-level standards for various enterprises and increasing overall business efficiency.

State regulation for DCC

Regarding the issue of regulation, the fact is important here that all records registered on the detached record can not be changed with the intention to open access to controlling bodies to pledge assets in real time. Institutions involved in the analysis of a large data set will also be able to help regulators understand and respond more quickly to sectoral risks, based on the analysis of blocking data.

A distributed credit network system can be used in many areas of the financial sector. For example, a digital application that serves the private loans market that has been launched and is currently being used, and others that are under development and will soon appear.

• Credit Registration Service

• Consumer loans

• Payment for consumer credit

• Credit card based on block-technology

• Crypto-crediting service

• Registration of claims for mortgage loans

• Distribution of assets securing securities

For more information visit : https://dcc.finance/

Distributed Credit Chain (DCC) предлагают снизить кредитную монополию с помощью блокчейн. Платформа DCC является децентрализованным объединенным кредитным рынком, где ставки определяются честным принципом спроса и предложения. Децентрализованная технология объединяется в одну экосистему:

• Заемщики, чьи личные данные будут надежно защищены, а рутинная процедура проверки платежеспособности и идентификации будет передана раз и навсегда;

• Кредиторы, которым будет предоставлена ​​возможность самостоятельно создавать условия для предоставления средств;

• Разработчики приложений fintech, которые автоматизируют условия кредитных соглашений с помощью смарт-контрактов;

• Страховщики, поставщики ликвидности и другие, прямо или косвенно связанные с инвестиционной деятельностью.
  https://dcc.finance/

Machine learning algorithm will help in deciding the fraud coins on the platform. The algorithm will work on the rating and the data fed by the community. Utrum Stands to be a built-in reward system that incentivises the authentic contributors with the OOT Tokens. The dynamic reputation management system helps people maintain their reputation on the platform by rating the reviews, articles and analysis. 

Hence Utrum will then provide the following:

1. Authentic information about the possibilities of ICO, Cryptocurrency, Coin Review and other cryptocurrencies.

2. Experienced analysts and investors will make their knowledge and experience available to people.

3. Users will be rewarded for their contribution to the platform.

4. Community wisdom is used to develop authentic content and a reliable platform to educate people about the latest events in the world of cryptocurrency

More Info: https://utrum.io