INTRODUCING BLOCKCHAIND TECHNOLOGYSay no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay Blockchain technology has introduced decentralization, an element that ensures information security and also offers customers the specialist over their information. Smart contracts, this ensures that constant exchanges are completed productively without any reason for disappointment. These exceptional highlights of blockchain technology have led to it being adopted by both new and existing platforms, accordingly explaining or updating the platform on which it was built. Blockchain technology has discovered uses in healthcare frameworks, gaming platforms, engineering, financial frameworks, and so on. With reference to financial frameworks, an examination has shown that the legitimate understanding of blockchain technology can be used in; distributed credit reporting, debt recording, asset management and also asset trading. With this, speculators from all over the world will be encouraged to engage with budget administrations due to the tranquil nature of blockchain technology, this, in the long run, will stimulate the development of DISTRIBUTED BANKING. Distributed banking system is a virtual office based on blockchain which comprises a coordinated biological system of distributed budgetary administrations. The creation of assortments of services related to distributed money and the disruption of traditional balance sheet frameworks have pushed a group of specialists to create an exceptional in all consequences platform known as DISTRIBUTED CREDIT CHAIN ​​​​(DCC). DCC is the world's first blockchain-based distributed bank with the sole motivation behind creating a reasonable, simple and reliable biological system for monetary specialized organizations across the globe. By enhancing credit with blockchain technology, subsequently returning ownership/acquisition of information to individuals, DCC has stimulated individuals who have contributed to the development of the organic community, this, in the long term, will result in a global fund and systems change traditional finance. THE PROBLEM The SDCC was created out of a desperate need to address issues surrounding conventional monetary systems. This is true in light of the fact that customary money-related systems are exceptionally concentrated despite a large number of different difficulties. Cost is one of the problems. The current central model of credit bureaus is in danger, how? The lender shares the costs resulting from the lack of enthusiasm in acquiring segments and also a terrible obligation to charge people (good people) who agree to be able to repay while for the borrowers this leads to additional expenses. Efficiency is another issue, this is because the current credit bureau remains inactive, with efforts and resources attempting to control the credit of borrowers who have not met the organization's risk criteria, this, in the long run, leads to reduced efficiency. Profit is yet another issue. With the current built-in credit show, numerous money-related foundations have been deceived or tricked into living out their primary role which was to serve customers. In the mission to ensure productivity, they tend to deduct banks, pressuring borrowers as they wish, thus expanding their customer base. THE SOLUTION PROPOSED BY DCCDCC intends to disrupt the usual credit framework by addressing the issues related to it For borrowers, DCC ensures that they get a platform where it will be anything but difficult to create a.