Distributed Credit Chain (DCC) is the world’s first distributed banking public blockchain with a goal to establish a decentralized ecosystem for financial service providers around the world. By empowering credit with blockchain technology and returning ownership of data to individuals, DCC’s mission is to transform different financial scenarios and realize true inclusive finance.
Accelerating digitalization, faster Internet transmission speeds, continuous accumulation of distributed computing resources, the application of mathematic and cryptographic technologies in the digital era: these are the factors that lead us to foresee that in the future, we will see an underlying public chain based on the features of Blockchain (including but not limited to: decentralization, openness, autonomy, irreversibility, and privacy protection). This underlying public chain will be utilized for distributed credit reporting, debt registration, wealth management, and asset transactions. It will enable business participants in different countries and regions around the world to provide financial services in a much more convenient way. A new type of virtual agency based on blockchain technology—"Distributed Banking"— will emerge. A Distributed Bank is not a traditional bank, but rather an integrated ecosystem of distributed financial services. The concept of Distributed Banking is to break the monopoly of traditional financial institutions through fair financial serviced and return earnings from financial services to all providers and users involved, so that each participant who has contributed the growth of the ecosystem may be incentivised, thus truly achieving inclusive finance. Through decentralized thinking, Distributed Banking will be able to change the cooperation model in traditional financial services and build a new peer-to-peer and allcommunications cooperation model across all regions, sectors, subjects and accounts. As it pertains to business, Distributed Banking will completely transform traditional banking's debt, asset, and intermediary business structure through replacing liability business with distributed wealth management, replacing asset business with distributed credit reporting, debt registration and replacing intermediary business with distributed asset transaction with . The tree-like management structure of the traditional bank will evolve into the flat structure of Distributed Banking, which will establish distributed standards for various businesses and improve overall business efficiency.