Problems and Solutions

Problem 1: Exclusion from Traditional Banking

Many businesses in high-risk sectors are denied access to essential financial services, forcing them to rely on expensive offshore banks or alternative financial networks.

Solution: DEBC offers a compliant alternative with services such as dedicated IBAN accounts and digital wallets, providing reliable access to global banking infrastructure.

Problem 2: Excessive Transaction Fees

Cross-border transactions face high fees because of multiple financial intermediaries. This significantly reduces profitability for businesses handling frequent payments.

Solution: DEBC leverages blockchain technology to lower transaction fees. It automates settlement processes, eliminates intermediaries, and optimizes payment infrastructure.

Problem 3: Cybersecurity Risks

Businesses in high-risk industries are frequent targets of cyberattacks and data breaches. Inadequate security often results in severe financial and reputational damage.

Solution: DEBC’s platform is built with advanced security protocols. It employs multi-signature authorization and AI-driven threat detection to safeguard business operations and assets.

Problem 4: Regulatory Uncertainty

Navigating multiple regulatory jurisdictions creates compliance risks and operational inefficiencies, particularly for businesses with cross-border activities.

Solution: DEBC collaborates with global regulatory authorities to maintain compliance frameworks that address multi-jurisdictional requirements. This reduces the legal risk for businesses and allows for smoother expansion into international markets.

Problem 5: Limited Access to Credit and Loans

Individuals and businesses in high-risk regions often struggle to secure loans and credit due to perceived financial risks, limiting their ability to grow and invest.

Solution: DEBC’s roadmap includes introducing decentralized lending services that evaluate borrowers based on blockchain-verified financial data, bypassing traditional credit barriers.

Problem 6: Lack of Address Verification for Certain Users

Individuals who frequently travel, live on the road, or do not have a fixed address face difficulties accessing banking services due to address-based verification requirements.

Solution: DEBC enables flexible identity verification by utilizing blockchain-based digital IDs, allowing users to prove their identity through mobile or decentralized credentials.

Problem 7: Inefficient Financial Onboarding for Emerging Markets

Businesses and individuals in emerging economies often face long delays and complex procedures to open accounts and access financial services.

Solution: DEBC simplifies onboarding by integrating KYC automation, reducing documentation requirements while maintaining compliance. This accelerates access to core banking services for underbanked regions.

By solving these core challenges, DEBC is creating a robust financial ecosystem that supports innovation, scalability, and growth for high-risk industries.