The Decentralized Rating of the Blockchain Project - DRC Blockchain Rating
https://i.imgur.com/JqbXGh5.pngThe year 2017 is a magnificent “year of cryptocurrency” during which we saw miracles one after another and the roller-coaster-like token price fluctuation. In this year, the bitcoin price once reached USD $20,000, rising by nearly 20 times, while the price of DASH, XRP, Ether and other cryptocurrencies rose by over 100 times for a while. As a result, more and more institutional and individual investors, entrepreneurial teams and traditional companies rushed into this field. In 2017, billions of US dollars flew into ICO projects with over hundreds of hedge funds shifted attention to cryptocurrency trading. Stocks with blockchain concepts also showed shocking rises in the second half of 2017 and in early 2018 making blockchain a hot topic in both the market and the media.
Along with the hype of blockchain, nearly 25,000 new blockchain projects emerged on GitHub in 2017. A Deloitte report issued in November 2017 showed that 92% of these projects launched since 2009 had been dead. This meant that they had not been updated in the last six months and that the average lifespan of projects was 1.22 years only. Nevertheless, the creative and innovative ways to gloss over blockchain projects are evolving rapidly. Meanwhile, more and more new projects look amazing.
A lot of institutional investors said that hundreds of new blockchain projects were pushed to the market every day while the research resources are very limited to about ten analysts. New green-hand investors crashed into the cryptocurrency market. However, without effective approaches for them to know the project in-depth, they tend to follow some so-called Key Opinion Leaders. These new investors could be easily influenced by the media or market when facing various money-making stories created by the public voices and the dazzling blockchain projects emerging in bulk.
The blockchain industry urgently needs a transparent, neutral, and professional risk-rating standards and framework, and DRC has emerged to solve this need.
DRC(Distributed Regtech Collaboration Platform)
The Distributed Regtech Collaboration (DRC) Platform is a distributed professional service platform. One of the main features of the platform is to provide a decentralized due diligence and risk rating service. Blockchain technology enthusiasts with specific qualifications can participate in a blockchain project due diligence and rating process. This is a revolution of the traditional centralized rating process and it makes the rating results more objective, fair and hard to be manipulated. The rating methodology, which this App is based on, is developed by the DRC founding team. They created DRC especially for blockchain projects based on their expertise and years of experience in credit rating and financial risk management with the traits of the digital economy.
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