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Author Topic: 🌟🌟🚀 [ANN][ICO] PAYPIE 🌟🌟🚀 World’s First Blockchain Accounting Credit Score  (Read 34039 times)
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August 02, 2017, 11:46:38 PM
 #1




PAYPIE ANNOUNCES WORLD’S FIRST CREDIT RISK ASSESSMENT
BASED ON BLOCKCHAIN ACCOUNTING




Opens: October 15th, 2017, 13:00 UTC


PayPie: The world’s first decentralized accounting platform built on the Ethereum blockchain
introduces the most accurate risk score algorithm ever created.

Visit our Token Crowdsale Website
Watch our Institutional Video
Download the Whitepaper
Join us on Telegram


Bounty Thread: https://bitcointalk.org/index.php?topic=2074162
(Note: The PayPie bounty campaign is under coordination of the Bitcointalk user named Wapinter)


Token Crowdsale Structure:


Starts: October 15th, 2017  
Closes: November 15th, 2017
 

Smart Contract?: Yes

Maximum Total Token Amount Dedicated for Crowdsale: 82,500,000 PPP

Minimum Token Crowdsale for Platform Viability: 4,500,000 PPP

Team and Advisors: 27,500,000 PPP

Industry Reserve:  55,000,000 PPP

Total Token Pool Size Including Reserve: 165,000,000 PPP


-   Tokens allocated to industry reserve will be locked up for a period of 12 months.
-   Tokens allocated to the team will be locked up for a period of 12 months. This ensures that the team solely focus its effort on making the PayPie platform grow.
-   No extra tokens will ever be minted.

1 PPP = 0.0011 ETH

PayPie Platform Token (PPP)


PPP powers the PayPie ecosystem. They are ERC20 compliant and are compatible with Ethereum wallets. A PPP Token is needed for:

-   Accessing the PayPie Platform;
-   Transacting in the PayPie Marketplace;
-   Accessing the 100% Accurate Risk Score Algorithm Analysis;
-   Performing Financial Audit on SMEs;
-   Third Party Access for API.


As Seen On




Market Outlook

Risk score analysis is at the core of most major industries within the financial sector, such as financing, compliance, auditing, credit insurance, and review. This multi-trillion dollar market is enormous and nearly all SMEs undergo through a risk score check at a given time. Despite being vast, the risk score market for business is permeated with discrepancies and inconsistencies that create a challenge for the third parties vetting them.

Fraud and data manipulation are among the main symptoms of that panorama. Enter PayPie. PayPie will bring the definitive answer to the unreliability of this fractured system with its unique risk algorithm. This algorithm is based on blockchain decentralized triple-entry accounting, which guarantees that the risk score is 100% accurate and fraud-proof.



Why PayPie Platform


Developed by a Canadian company, PayPie brings ultimate trust and transparency to the financial markets by introducing the world’s first credit risk assessment based on blockchain accounting. The platform solves the problems of fraud and inconsistencies which exist in isolated accounting systems by allowing for real-time audit and analysis of financial statements on the blockchain.

This analysis will be done using a decentralized single ledger approach and will consider the all-time historical accounting information of participating businesses to safeguard and transform the way credit risk is assessed by lenders, investors, banks and other financial institutions. All inputs will be bound to the blockchain in a triple entry accounting structure, which will secure the entire transaction-checking process generating reliable and unbiased data.

The platform comprehends a three-set cornerstone of opportunity: credit risk assessment, real-time audit, and invoices marketplace, which will all be based on businesses all-time historical accounting data. The credit risk assessment will enable financial institutions to make better informed decisions when lending or financing businesses; the real-time audit will allow businesses and accounting professionals to identify inconsistencies and opportunities as soon as they occur; and the invoices marketplace will create a space for businesses to get healthier cash flows and for third parties to invest after profits. All will be based on over 150 data points to deliver the highest accuracy and transparency ever achieved on the market:






The decentralized single-ledger approach will allow the platform to build an entire blockchain-backed accounting ecosystem for risk score assessment involving third parties, centralized accounting software, financial players, and a transactions marketplace:






 
Team


The PayPie team is carefully assembled with a comprehensive set of experts with decades of experience in the Fintech industry. Among the team members there are current and former talents from global powerhouse organizations such as Coca Cola, GE, American Blockchain Council, Bosch, SAP, Oracle, IBM, Deloitte, KPMG, Barclays, and Bank of America. This includes entrepreneurs, engineers, developers, accountants, lawyers, journalists, and marketers with a proven record of success and in-depth expertise in the fields of technology, financing, banking, accounting, risk management, and blockchain:





-   Nick Chandi | Co-Founder and CEO | LinkedIn
-   Jag Barpagga | Co-Founder and CIO | LinkedIn
-   Ranica Arrowsmith | Advisor | LinkedIn
-   Jack Shaw | Advisor | LinkedIn
-   Gary Cokins | Advisor | LinkedIn
-   Steven Sprague | Advisor | LinkedIn
-   Yohan Varella | CMO | LinkedIn
-   Bogdan Fiedur | Blockchain Expert | LinkedIn
-   Rajeev Ranjan | Risk Management Advisor | LinkedIn
-   Ben Samaroo | External Legal Counselor  | LinkedIn
-   Pardeep Kumar | Platform Dev. Manager | LinkedIn
-   Sulabh Singla | Technical Lead | LinkedIn




Timeline




 
F.A.Q.


-   What is PayPie?
PayPie is a platform that provides the world’s first risk score algorithm based on blockchain decentralized accounting to elevate financing reliability to definitive new standards.

-   Why is PayPie Platform valuable?
PayPie is creating the first decentralized accounting platform for business. The platform will give real-time insights into financial data to achieve 100% accuracy in the credit risk score algorithm.
 
PayPie solves the ultimate problem of fraud and inconsistencies that exists in the isolated accounting systems by providing a new and definitive way to conduct analysis on the live financials of a business on blockchain and accurately determine the risk in any lending operation.

This analysis will be done using a single ledger approach and will consider businesses’ all-time historical financial data to safeguard and transform the way credit risk is assessed with reliable results by lenders, investors, banks and other financial institutions while building an entire blockchain-backed ecosystem.

-   Is the platform built already?

Over 50% of the platform is already built, which comprehends the entire end-user accounting part of PayPie.

-   When will PayPie be launched?
PayPie is scheduled to be officially launched in the first quarter of 2018.

-   What is PPP?
PPP Token is the utility token which provides access to the PayPie platform for certain transactions and services. We will offer PPP Token during crowdsale.

-   What will PPP be used for?
PPP will be used to access certain services on the PayPie platform, including the purchase of invoices, access to credit histories of SMEs, access to PayPie Marketplace, the Risk Score Algorithm analysis, the financial audit of SMEs, and access the API.

-   How many tokens will be minted in total including crowdsale, reserve, and team?
The ultimate total amount of tokens minted is 165,000,000.

-   What will the reserve tokens be used for?
The reserve tokens will be locked up for one year and, when unlocked, will be used for to developing partnerships and future acquisitions for the PayPie platform to prevail as a market leader.

-   Will you mint more PPP tokens in the future?
No. This is will be the first and only time that we will mint PPP tokens ever.

-   What currencies will be accepted in the Token Crowdsale?
The only currency accepted in the crowdsale will be ETH. If you have different cryptocurrencies such as BTC you’ll have to exchange for ETH in order to participate.

-   How do I contact PayPie for more information?
People can contact us through Telegram, Email, and Bitcointalk.


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August 08, 2017, 08:17:51 PM
 #2

Bounty Thread is now live: https://bitcointalk.org/index.php?topic=2074162

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August 08, 2017, 09:18:19 PM
 #3

Reserve Indonesian translation for ANN, WP, and WEBSITE

My Exprience : https://bitcointalk.org/index.php?action=profile;threads;u=713039;sa=showPosts

................peerguess................ !! Exclusive ICO Benefits !!
._________________________________WhitepaperBountiesTwitterTelegram_________________________________.
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August 08, 2017, 09:26:16 PM
 #4

The project is really interesting. You have a great idea but for getting more success you have to focus on advertising of your project. Promotion is important as if more people will know about the project then more will invest in it.

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Synapse AI
Decentralized Data and AI Marketplace
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Whitepaper
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ANN
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CS101
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August 09, 2017, 01:02:33 AM
 #5

The project is really interesting. You have a great idea but for getting more success you have to focus on advertising of your project. Promotion is important as if more people will know about the project then more will invest in it.

Hi there, thank you for your interest in the project. We have an impacting advertising strategy which will kick-off on the next days. Stay tuned!

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August 09, 2017, 01:22:52 AM
 #6

Reserved Filipino translation. I think this is a good project  with application on Accounting  field. Will post link here once approved. tia

CHANGE FINANCE First Decentralised Global Crypto Bank
[color=#15B5E2 ]LINK TO ICO | LINK TO DISCUSSION
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August 09, 2017, 03:55:59 AM
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Reserved Filipino translation. I think this is a good project  with application on Accounting  field. Will post link here once approved. tia

Hi there, thank you for your interest in the project. Please PM me a sample of your previous work or fill the form on the bounty thread so we can consider you for the translation. Thanks.

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August 09, 2017, 07:52:26 AM
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Very interesting project. Could you explain more about Token, how I will get it? 
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August 09, 2017, 09:54:12 AM
 #9

Very interesting project. Could you explain more about Token, how I will get it? 

I think It will be start on 15-Oct-2017 and then you will get it.  for more information  you should read out  PayPie whitepaper.
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August 09, 2017, 12:16:10 PM
 #10

Great idea, But I have a question - How token will useful for investors and lenders? 
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August 09, 2017, 04:38:56 PM
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Hi tomjack341,

There are limited utility-based tokens and provide contributors with the ability to access certain services on the Platform, such as accessing the Platform, obtaining credit histories and scores of private businesses, performing financial audits on private businesses, buying invoices for factoring purposes, and otherwise transacting within the Platform.

PayPie has data better than banks on the financial health of a business which is very valuable for lenders, investors, banks and other financial institutions, auditors, reviewers etc. We believe accounting in the 21st century will be done exactly in the way we envision, on decentralized platform instead of closed and disconnected systems that we see today.

Nick

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August 09, 2017, 07:20:44 PM
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Hi everyone, we posted some updates on the bounty thread regarding translations. Let me know if you have any questions, thanks.

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August 10, 2017, 05:36:03 AM
 #13

Hi Dev,

What special about your project PAYPIE – World’s First Blockchain Accounting Platform Comparing what is currently in the space?
who will be your competitors?
Good luck on the ICO

                                 
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August 10, 2017, 05:37:26 AM
 #14

Very interesting project. Could you explain more about Token, how I will get it? 

I think It will be start on 15-Oct-2017 and then you will get it.  for more information  you should read out  PayPie whitepaper.

Thanks Andyobrian17,  I was reading the PayPie white paper and  I like the idea of replacing the multiple systems involved in any financial transaction with a single shared blockchain . It would be simpler, more efficient, and presumably cheaper for all concerned.
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August 10, 2017, 06:27:44 AM
 #15

Hi Dev,

What special about your project PAYPIE – World’s First Blockchain Accounting Platform Comparing what is currently in the space?
who will be your competitors?
Good luck on the ICO

Hi there. To put it in a few words, the platform solves the problems of fraud and inconsistencies which exist in isolated accounting systems by allowing for live analysis of financial statements on the blockchain, which is intended to facilitate the determination of credit risk in lending operations. This analysis will be done using a single ledger approach and will consider the all-time historical financial information of participating businesses to safeguard and transform the way credit risk is assessed by lenders, investors, banks and other financial institutions while building an entire blockchain-backed ecosystem. All accounting inputs will be bound to the blockchain, which will secure the entire transaction-checking process in a trustless environment generating unbiased data. The Platform is being built by a Canadian company and its development is halfway complete. There is nothing like this currently in the space. As per competitors, the closest thing to that would be the conventional risk score providers that generate results based on archaic models with narrow data sets. Thank you for the good wishes.

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August 10, 2017, 07:00:58 AM
 #16

Will you accepting different like: BTC, XRP ?
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August 10, 2017, 07:06:22 AM
 #17

Will you accepting different like: BTC, XRP ?

I think, they will be accepted only ETH currency.   
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August 10, 2017, 07:14:37 AM
 #18

How will your program deal with fraud issues? More specific please? It's about accounting programs? Or about programs of transportation and storage of money in purses?

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August 10, 2017, 07:51:57 AM
 #19

How will your program deal with fraud issues? More specific please? It's about accounting programs? Or about programs of transportation and storage of money in purses?

I believe, it is the triple entry accounting system to solve the problem of fraud and inconsistencies which exist in isolated accounting system. And this program not about transportation and I think they will not store any money.
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August 10, 2017, 09:49:45 AM
 #20

Hi tomjack341,

There are limited utility-based tokens and provide contributors with the ability to access certain services on the Platform, such as accessing the Platform, obtaining credit histories and scores of private businesses, performing financial audits on private businesses, buying invoices for factoring purposes, and otherwise transacting within the Platform.

PayPie has data better than banks on the financial health of a business which is very valuable for lenders, investors, banks and other financial institutions, auditors, reviewers etc. We believe accounting in the 21st century will be done exactly in the way we envision, on decentralized platform instead of closed and disconnected systems that we see today.

Nick

Thanx. Now it is clear.
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