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DCC: Distributed Banking, Future of the Financial Industry

· February 17, 2018 · 1:00 pm

A storm of dramatic change is yet to sweep the banking industry. In the most unprecedented revolution in centuries, blockchain will exert significant impacts on reforming the obsolete institutional system. Therefore, distributed banking public chain, just like DCC, will ultimately dominate the future financial industry model.

In the digital-oriented 21st century, the contemporary banking industry is already behind the times, with its foundation constantly battered by waves of new technologies and models. Distributed Banking, the most promising successor to its predecessor, is likely to develop into the core model of the prospective financial industry, marking the beginning of a new era in the financial world.

What is Distributed Banking?

Previously, the clients had to turn to only a few financial institutions in the market, whereas now the distributed banking system enables numerous financial institutions to collectively provide competitive services. DCC, world’s first distributed banking public chain, is the initiator and practitioner behind such scenario.

DCC establishes a user account system based on the decentralized DCCID to ensure that the transactions and credit data cannot be tampered with nor denied. Individual credit data are stored in the cloud and the entire transmission process is securely encrypted, protecting the information from interception. With its intelligent framework of contractual interaction, blockchain transforms the personal data system from centralized to decentralized.

At the same time, DCC adopts an open-up strategy, which means each party involved can create smart contracts, develop Dapp and expand DCC’s ecological environment based on open standard protocols. 

Stewie Zhu, Project Leader for DCC, states:

Distributed banking is a brand-new cooperative service relation among financial institutions on a decentralized blockchain basis.

Impacts on Social Economy and Blockchain Technology

Distributed Banking as the Future of the Financial Industry? How?

Centralization and monopoly have long been the biggest drawbacks of the traditional financial system. Under such circumstances, the market has fallen into the hands of a few financial institutions, which control the credit data of all individuals and determine the flow and interest rates of all funds, so as to make huge profits for themselves.

Such centralized financial system is to be replaced by numerous equal service providers in the prospective new partnership that DCC advocates for. Credit data will no longer be controlled by banks, but back to everyone’s own possession. Clients are now able to match their needs to many financial institutions and to trade on the blockchain platform based on same standards.

As a result, transaction costs are drastically reduced and individual users will gain equality with service providers. The traditional banking is only one of the service providers, instead of monopolizing the market and obtaining excess profits. In the meantime, a large number of small financial institutions can finally bring their own unique advantages into play and make decent gains from the market. DCC’s distributed banking public chain provides these financial practitioners with the greatest opportunity ever to take a huge leap forward. Also, for the traditional banks, they’ll find themselves less threatened by the new economic pattern, which will ultimately benefit them in the long run.

The entire financial market becomes more efficient and risk-dispersed, with the power of large institutions restricted, the emergence of more small service providers and the interests of individual users guaranteed. Such improved financial system can, in turn, promote the social and economic progress and make the “lubricant effect” even more prominent. Thus it is clear that DCC’s distributed banking public chain is precisely what the well-known economist Hayek has predicted, the future model of the financial industry, and will eventually replace the existing financial system.

Impacts on Social Economy and Blockchain Technology

The fairer the financial market is, the lower the operation costs, and the stronger impact the market has on the overall economy. Ambitious and diligent people in the low and middle classes can get loans at a reasonable rate through the new system, which helps more people to start a business and ultimately increase the society’s overall wealth. The general public can keep up to date with their own credit data, rendering them to manage their credit footprints and avoid impulsive consumption and investment.

More social capital flows to the investment-worthy areas, resulting in increased efficiency and decreased risks of capital utilization. More financial institutions can have a play in the market, stifling serious crisis like that in 2008 in the cradle.

In addition, supported by the real financial activities, DCC, the key platform of distributed financial service system, has a solid value foundation for its digital currency. Unlike the general digital currency that lacks intrinsic value, DCC clearly indicates the direction where the blockchain technology is heading.

Impacts on Social Economy and Blockchain Technology


Team of Passion and Dreams – Key to Success

DCC has an extremely deluxe lineup: Mr. Zhu, a behavioral economist and game theorist from Oxford and LSE, immersed in the blockchain industry for years; Mr. Lu, a Ph.D. in mathematics from Yale with rich executive experience in large investment banks and significant passion in the blockchain technology; Shi Fei, VP of JP Morgan, an expert in quantification, derivative pricing and quantitative risk analysis, with profound insight into the blockchain development; Yu Chen, a famous angel investor with countless successful cases, also an advocator of decentralization known as “Jiangnan Young Cynic” online; Yuhang Guo, founder of DIANRONG and chairman of Galaxy Capital (a blockchain investment company), one of the earliest blockchain investors.

These top-class, international academic experts and investment masters make concerted effort to develop the distributed banking system and to benefit billions of people from the blockchain finance. Professionalism, expertise, dreams, and passion are the keys to DCC’s success.

Several famous institutional investors from China, United States, Singapore amongst other countries have also injected vitality into DCC to push forward the great development of distributed banking. Supported by the deluxe lineup and rich resources, DCC is on the fast track of steady progress.

As of today, DCC has commenced pilot operations in several countries, and such practices are highly recognized and supported by the local governments. People are increasingly aware that DCC, as the world’s first distributed banking public chain, is not only a digital key to the future financial system but also a dark horse in the blockchain technology. DCC has sounded the bugle of revolution involving two industries, and its supporters are surely going to be generously rewarded in the future.

For more information about DCC, please visit

How will DCC’s distributed banking model disrupt traditional banking and lending practices? Let us know what you think in the comments below.

Images courtesy of Shutterstock, AdobeStock, DCC

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