Topic: Distributed Credit Chain serves self-certify credit model (Read 77 times)
As for DCC, this project was so successful that token sale was completed on 29 May and raised $49000000, although initially it was to last until August 15. And this is during the falling market!
DCC serves self-certify credit model which helps borrowers to certify their credit and reduce underwriting and intermediaries. The data-driven credit business offers us many inspirations and dramatically improves credit efficiency. However, the credit business in every country is replete with loopholes at every stage of the process, such as unclear rights and interests, high operating costs, inefficient operations, untrustworthy credentials, and privacy leaks. Borrowers lack the ability to self-certify their credit, which makes intermediaries more “important” in consumer credit underwriting. Setting aside false information and looking merely at normal operations, in consumer credit underwriting of both developed or underdeveloped countries, there are professional loan intermediaries/brokers or customer managers that help borrowers prove their “creditworthiness.”
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