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Screenshot of a breaking news alert e-mail from Q2 2017
Distributed Credit Chain (DCC), an underlying public chain that deploys blockchain technology to construct distributed bank systems, today announced that it has signed a Memorandum of Understanding (MoU) to establish a strategic partnership with Decentralized AI-powered Trust Alliance (DATA), which is a blockchain based digital data authentication protocol powered by AI & P2P mobile storage infrastructure.
According to the MOU, DCC will partner with DATA to link the users on both blockchains. DCC users can choose to share their own data to the DATA Chain while data of DATA users can be used by DCC as a source of credit data. DATA will continue to improve their anti-fraud model and ability to deal with financial data to become an important data and risk control system provider on DCC. Additionally, DCC will collaborate with the DATA team to further advance the DHC decentralized network by DATA to store the private data of users, while ensuring the full protection of user privacy.
We are excited to form a strategic partnership with DATA and begin collaborating with their talented team immediately,” commented Stewie Zhu, Project Leader of DCC. “With the ICO round currently planned in March, the world-class DCC team strives to transform the finance industry by establishing a distributed credit ecosystem. Inspired by the same vision and the firm belief of the blockchain technology, we look forward to a close partnership with DATA as we join force in the areas of credit data, anti-fraud, risk management and privacy protection.
Franklin, cofounder of DATA, added:
DATA is a blockchain based digital data authentication protocol powered by AI & P2P mobile storage infrastructure. Our data authentication and reputation management technology will be applied by DCC to solve data fraud issues regarding financial credit and lending aspects. This cooperation demonstrates that DATA is able to facilitate various verticals and it is not limited to ad industry. Together DATA and DCC are going to build a strong partnership and explore how to apply data authentication and provide additional benefits for credit management in the Fintech field.