Bitcoin Forum

What is the DRC?



Distributed Regtech Platform (Abbreviated for DRC) is a professional and intelligent risk control and management platform based on blockchain, which sets up an “autonomous, mutually trusted, professional and transparent” distributed network for regulators, innovation projects and professional risk control agencies.

DRC, “Autonomous”, “Distributed” and “Shared” in spirit, will dedicates itself to building an ecosystem with manageable risks and transparent regulation.


Why do we need DRC?

The exponential emergence of blockchain projects and applications has, up until now, baffled institutional and individual investors. Investment institutions often make wrong judgment on promising projects due to investment managers restricted knowledge, experience, capacity and resources available. External rating teams or agencies, liable to manipulation or lacking transparency in their working procedures, lack credibility. On the other hand, technical startups do not have guaranteed capacity. Some of them are too preoccupied with technology development to focusing on publicity and promotion, while others are dedicated to promotional operations but lack the ability for application and execution. Investors aspire to find capable and promising teams, and achieve a tradeoff between high risk and high return.

Value Proposition

In order to manage risks beforehand, manage risks actively and permeably throughout the whole stage of the project, this platform will provide users with due diligence, information disclosure, risk assessment, dynamic monitoring as well as many other professional services.
By doing so, DRC aims to drive the development of blockchain industry to be more standardized, healthier and more transparent.
DRC advocates spirits of “autonomy”, “distribution” and “sharing”.
Meanwhile, it’s dedicated to build a community environment aimed at manageable risks and transparent regulation!

How the DRC ecosystem is built?

https://i.imgur.com/qlxleLN.png

Vison & Goals

Distributed Regtech Collaboration Platform (DRC) is a blockchain-based specialized in smart platform for professional services. Constructing a distributed network that features “Autonomy, Mutual trust, Professionalism, and Transparency” among regulators, technical start-ups, and professional investors, DRC offers services including due diligence, information disclosure, risk assessment, valuation & pricing of digital asset, and dynamic monitoring. The
concept of “Proactive, Procedural, and Functional Monitoring” is applied throughout the full lifecycle of project, which aims to facilitate regular, sound and transparent development in the blockchain sector.

DRC sets a goal of “Building a Wall Street for the Digital World”.
Utilizing blockchain technology, it will construct a self-governed, shared, and coordinated ecosystem, open up bottom-layer blockchain technology, and install a token incentive mechanism. DRC will enable more professional service providers to offer shared professional services to experts and
community members within its blockchain-based financial service ecosystem.

How it works

https://i.imgur.com/pd06kLo.png

Applied technologies
DRC applies blockchain technology, smart contract, cryptography, big data analysis, and machine learning to professional application scenarios, e.g. using blockchain data structures to verify and store data, so that information is traceable and tamper-proof; using distributed nodes to update data to related nodes, such as investors, technical startups, or regulators; using cryptography to secure data transmission and accessing; using smart contracts based on the automated script code to program and operate data; and using big data to analyze and automatically obtain public information.

The DRC TOKEN

The blockchain-base DRC token represents a right to use products and services. Under the core values of “Pay For What You Need”, “Receive For What You Do”, “To Each According To His Need”, “Get Paid For What Is Done”, and “Automatic Service
Trading Between Supply And Demand”, DRC is the medium for delivering the values of professional services. It also represents the creation of value in service provision, allocation and transfer of value, and the cashing and appreciation of value. In addition,the DRC incentive mechanism encourages the positive actions of community members,and adopts a stable currency mechanism to avoid impacts of price changes on professional service providers;