Distributed Credit Chain DCR mechanism

[marydarli]

DCC’s DCR mechanism is useful for borrowers and credit institutions. For each record in the DCR, only the borrower and lender hold the plain text data, and DCR has only the index list. Therefore, although the record index is shared in the blockchain, such record is of little value to third parties. The mechanism also ensures that the sharing of data between the lending institutions happens on the premise of protecting their own privacy. DCR mechanism is relatively inexpensive, and for credit institutions, applying a blockchain with “risk control data” is of tremendous value, which can address joint debt in the current credit ecosystem more effectively and at a lower cost.