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Vision and Mission
Distributed Credit Chain (DCC) is a distributed banking public blockchain employing an infrastructure to interact with banking service providers and create a decentralized ecosystem for the greater financial services industry. By empowering credit with blockchain technology, DCC aims to transform financial transactions between lenders and borrowers, businesses and individuals, across regions and industries.
Problems
The traditional financial industry is highly centralized. Financial transactions rely heavily on the endorsement and support of large financial institutions, with substantial transaction fees paid out to these institutions. Monopolistic financial institutions have in fact raised lending rates for borrowers and reduced the interest income for lenders.
1
Cost
The core model of a credit agency is to share the costs of non interest-earning elements and bad debts by charging the “good guys” who can pay back the money. For borrowers, it brings an additional cost.
2
Efficiency
From the credit agency’s perspective, a lot of time and efforts are wasted in verifying the credit of borrowers who do not meet the agencies’ risk criteria, which leads to wasting resources and decreasing efficiency.
3
Profiteering
A centralized credit model entices many financial institutions to deviate from their primary purpose— serving customers. Aiming for profitability, they deduct lenders while squeezing borrowers, and expand their profits by extending their customer base.
Solutions
Borrowers
Individuals with specific borrowing demand establish blockchain account to authorize data service provider and Initiate borrowing request
Data Service Provider
Integrate individual data and store them on the chain, clean dirty data, and provide data standards
Algorithm & Computation Service Providers
Extract characteristics from data, make judgments based on policies and quantify judgment based on characteristics
Credit History Feedback
The approved credit history reports generated on blockchains prevent problems such as long-term borrowing and repeated test borrowing.
Funding Providers
Not directly involved in lending but provide funding (such as ABS-purchasing institutions).
Risk Assuming Institutions
Operate a credit business by earning income from bearing specific risks, manage loans in progress and collect after loan
Want to learn more about how we build the credit ecosystem?
Advantage
Break the Monopoly
With a global distributed banking ecosystem, DCC aims to break the monopoly of traditional financial institutions and to return earnings from financial services to all providers and users involved in such services so that each participant may share the return of ecological growth. distributed banking will ultimately be a way to truly achieve an inclusive system of finance.
Decentralized Thinking
Through decentralized thinking, distributed banking will be able to change the cooperation model in traditional financial services, building a new peer-to-peer and all-communications model of cooperation across all regions, sectors, subjects and accounts.
Transform Business Structure
As it pertains to business, distributed banking will completely transform traditional banking’s debt, asset, and intermediary business structure. The tree-like management structure of the traditional bank will thus evolve into the flat structure of a decentralized bank, establishing distributed standards for various businesses and improving overall business efficiency.
Government Regulation
As it pertains to regulation, the fact that all records registered in the blockchain cannot be tampered with will enable regulators to penetrate the underlying assets in real time. Big data analysis institutions will also be able to help the regulatory bodies understand and respond to industry risks more quickly based on blockchain data analysis.
Scenarios
The distributed credit chain can be applied in many scenes in financial area, among which a DApp serving the personal loan market has been launched and in use, the others are under developing and will come soon.
Loan Registration Service
Consumption Loans
Consumption Installment
Blockchain credit card
Token Loan Service
Mortgage Claim Registration
ABS Asset Distribution
More Coming Soon
Roadmap
2017
09/2017:Established unified identity system based on the Ethereum test network
10/2017:DCC testnet launched
12/2017:DCC online credit declaration contracts deployed on DCC test net
2018 Q1-Q2
03/2018:First personal loan product DApp launch on DCC, DCC Explorer launch
04/2018:Distributed Credit Chain open platform launch, second DApp launch
05/2018:Interface with more than five financial institutions with services ranging from loan, data and risk control
2018 Q3-Q4
Q3-Q4:Open self-creation API of Distributed Credit Chain
Q3-Q4:Establish unified DCC MPC
Q4:Enter Indonesia lending market
2019
Q1-Q2:Enter Vietnam & other SEA country lending markets
Q3-Q4:Continue to develop and expand in the SEA lending markets
2020
2020:DCC public chain migration
2020:Initiate development of Asset Manage and Settlement systems
Core Team
Stewie Zhu
Serial entrepreneur
Founder of TN Tech
Ph.D. candidate in Finance at LSE
M.S. in Financial Economics , Oxford University
M.S. in Statistics, Yale University
Mr. Zhu is a serial entrepreneur in the internet and Fintech industry and scholar with multiple advanced degrees from the world’s most prestigious universities. Before founding Distributed Credit Chain, Mr. Zhu was CEO of TN Tech, a leading SaaS financial technology company in China, which was successfully sold to a publicly-listed company in three years. At TN Tech, Mr. Zhu led a team to develop internet-based credit systems for over a dozen of trusts with multibillion USD annual loan facilitation amount. Mr. Zhu was a Ph.D. candidate in Finance at The London School of Economics and Political Science with research focus on finance and game theory. Mr. Zhu also holds Master of Science degree in Financial Economics from Oxford University, Master of Science degree in Statistics from Yale University, and Master of Arts degree in Statistic as well as bachelor’s degree in Electrical Engineering from Nanjing University.
Alan Wang
Leads DCC’s global communications and marketing efforts
Investor relations expert with nearly a decade of Wall Street experience
M.S. in Public Relations and Corporate Communication, New York University
Mr. Wang leads DCC’s global public relations, investor relations, marketing and community expansion efforts with nearly a decade of Wall Street experience. Before joining DCC, Mr. Wang led initial public offering and post-IPO investor relations activities for dozens of Chinese public companies that are listed on the NYSE and Nasdaq with market capitalization ranging from US$500 million to US$50 billion. Mr. Wang holds a Master of Science degree in Public Relations and Corporate Communication from New York University.
Stone Shi
TELECOM, Ingenieur
Former vice president at JP Morgan Chase
Nanjing University, Computer Science/Math
Nanjing University, Electronic Science and Engineering
With significant talent in coding and specialization in python programming, Mr. Stone Shi is an expert in quantitative research, derivative pricing, and quantitative model risk analysis. Before joining DCC, he was a vice president at JP Morgan. At DCC, Mr. Shi is in charge of blockfin research and technology development. TELECOM, Ingenieur, Majored in Computer Science and Applied Maths Nanjing University, Majored in Electronic Science and Engineering
Dr. Daniel Lu
Ph.D. in Mathematics, Yale University
Postdoctoral Research in Financial Engineering, focusing on the Representation Theory, University of Leipzig, Germany
Graduated from Yale University, Dr. Daniel Lu is an expert in mathematics and financial engineering. He has strong academic background and rich experience in commercial banking, retailing and asset management. With his insights into blockchain, finance and Basel Accord, he oversees DCC’s product development for financial institutions. Ph.D. in Mathematics, Yale University, USA; Postdoctoral Research in Financial Engineering, focusing on the Representation Theory, University of Leipzig, Germany
David Ha
Manages DCC’s Vietnamese community
Experienced crypto investor
David manages DCC’s Vietnamese community.An experienced crypto investor, he is widely known for his expertise in blockchain technology and impressive investment results.
Diane Imas
Senior Public Relations Director at Distributed Credit Chain (DCC)
Specializes in public relations, investor relations, and marketing
Diane is the Senior Public Relations Director at Distributed Credit Chain (DCC). She specializes in public relations, investor relations, and marketing. Diane recently joined DCC to drive U.S. communication efforts, generating awareness of the company in the blockchain community and building the brand on a global scale. Prior to this, she was at Cognito, where she was an Account Manager generating fully-integrated PR campaigns for the fintech and greater financial services industry. Diane holds a Bachelor of Science from Boston University, with a focus in Public Relations and Psychology.
Hoa Celine
Manages DCC’s Vietnamese community
Majored in Business Management with a focus on financial markets
Hoa manages DCC’s Vietnamese community. She is experienced in evaluating cryptocurrencies and customizing investment strategies based on the results. Hoa majored in Business Management with a focus on financial markets.
Kyle Hadfield
Community Manager
13 Years in China
Top 300 Redditor
Community Manager | 13 Years in China | Top 300 Redditor | English/Chinese Social Media Guru | Mandarin Speaker | Content Creator | PostNationalist | Dad
Youngji Leem
Works on branding, digital marketing and community management at DCC in Korea
Graduated from Tsinghua University
Passionate about blockchain and cryptocurrencies, Youngji works on branding, digital marketing and community management at DCC. She used to work as a writer in the broadcasting industry and has eight years of experience in digital marketing and advertising. Youngji graduated from Tsinghua University.
KOL in China with the net name as “Jiangnan Young Cynic (Jiangnan Fen Qing)”
Key opinion leader in China with net name as “Jiangnan Young Cynic (Jiangnan Fen Qing)” Partner of JX Capital; famous angel investor; Invests in nearly 200 internet companies Author of “Payment Revolution”, “Wind of Jiangnan: Internet Finance”, bestsellers in financial field in China Voted as Top 50 Figures of Internet Finance in China for five years in a row Selected in the List of Man of the Year by Hurun Report in 2016 and 2017
Ming Yao
CTO of CCX Credit, the pioneer of China’s domestic rating industry
Worked at Bell Labs, years of experience in big data technology
Managing director and CTO of China Chengxin Credit (CCX Credit) Spent his early years at Bell Labs, then he worked in the mobile Internet and financial industries with extensive experience in big data technology, and has long been committed to exploring the innovation and application of financial big data technology Joined CCX Credit in 2014 to help the company complete preparatory work for personal credit card issuance, and established the Wanxiang Credit Internet Big Data Credit Reporting Platform. He led team to independently develop and successfully apply many core technologies such as big data anti-fraud and credit assessment to become one of China’s first practitioners in the big data credit rating industry, and was hired by a number of large banks as an external technical expert Since 2016, he has focused on application and innovation of technologies such as blockchain, machine learning, and artificial intelligence in the financial field, and is dedicated to promoting intelligent credit assessment
Zhiwu Chen
Former Professor at Yale University
Research Director at Hong Kong University
One of the most renowned and influential Chinese economist
Former professor of financial economics at Yale University (1999-2017), currently serves as research director of Asia Global Institute of Hong Kong University, and Feng Foundation Professor (economics) at School of Economics and Business Administration. Also serves as Distinguished Professor at School of Economics, Peking University. International Consultant, China Securities Regulatory Commission, member of Global Advisory Committee of China Minsheng Investment Company, and independent director of IDG Energy Investment Group, Bank of Communications and Noah Fortune. Professor Chen served as a member of the Yale-China Association of Yale University, a member of Advisory Committee of Beijing’s 12th Five-Year and 13th Five-year Planning Experts and general academic director for CCTV documentary “Wall Street” and “Monetary Affairs.” Professor Chen was a member of the preparatory expert group when China Investment Corporation (CIC) was founded in 2007; an independent director of PetroChina Company from 2011 to 2017, an independent director of Nordisk Fund Management Co., Ltd. from 2007 to 2015, an independent director of Shiji Jiayuan Network from 2011 to 2012, and a director of China Eagle Securities from 2002 to 2005. Founder of Zebra Capital Management fund management company In 2012, Burson-Marsteller, a global consulting firm, listed professor Chen as one of “China’s Ten Most Influential People” in its “G20 Influencer Report” (G20 Nations Most Influential People Report). Research awards include the Graham Trophy Award (2013), the Pacesetter Research Award (1999), the Merton Miller Research Award (1994), and the Chicago Board Options Award (1994). Professor Chen’s Logic of Finance won 23 Best Annual Book awards Bachelor of Computer Science from Central South University of Technology in 1983, Master of Management Science from National Defense University of Science and Technology in 1986, then Ph.D. in Financial Economics from Yale University in 1990
Henry Cao
Renowned financial economist
Professor in CKGSB, finance
Former professor in UCB and UNC
Renowned financial economist, now a professor of finance at Cheung Kong Graduate School of Business, academic director of Financial MBA Member of Financial Club, former professor at the University of California, Berkeley, University of North Carolina at Chapel Hill. Published a number of papers and is widely cited in internationally renowned journals including Journal of Finance, Review of Financial Studies, and Journal of Financial Economics; Nominated for Best Paper for Journal of Finance twice in 1998 and 2000; Best Paper Award in Emerging Markets field selected by the Northern Finance Association; Best Paper Award for the Most Invested Value by the Western Finance Association; won the best paper third prize at the 2004 China International Financial Conference; Editorial board member of Annals of Economics and Finance and editor-in-chief of International Financial Review and China Financial Review.
Matthew Chang
Managing Director of KKR
Leading expert in the areas of private equity, fixed income, and capital markets
Former global senior partner at Roland Berger Strategy Consultants
Matthew Chang is a Managing Director on KKR’s China Private Equity team and was previously the Head of KKR Capstone China. Mr. Chang has over 20 years of experience in a wide range of companies such as start-ups, multi-national corporations, and professional service firms in Mainland China, Europe and North America. Prior to joining KKR Capstone, Mr. Chang served as global senior partner at Roland Berger Strategy Consultants, leading its Asian operations and restructuring practices. Earlier in his career, Mr. Chang was the China managing director at Alix Partners, an associate principal at McKinsey Company, and the Asia strategy director at Diageo PLC. Mr. Chang has an M.B.A. degree from IMD International and undergraduate degrees in mathematics and physics from Coe College and the State University of New York.
Exchanges
Strategic Partners
Investors
DCC’s investors include numerous founders of top-tier fintech companies and anonymous investors who are chairpersons of publicly traded companies or CEO of top internet companies. They support DCC with capital and profound resources.