[ANN] PayPie - Blockchain-Powered Risk Assessment

[magisterr]

I do not understand the accounting industry, so I hope the team can introduce the function of the platform operation, how to profit platform。

You can read this on their whitepaper. Im learning now this. About profit and working platform read chapter 8

here is link to whitepaper
https://www.paypie.com/Content/files/PayPie-Whitepaper.pdf

PPP Token is the utility token which provides access to the PayPie platform for certain transactions and
services. Each PPP Token grants the holder the right to access certain services including the purchase of
invoices and access to credit histories of SMEs.
Lenders will require PPP Tokens to access the PayPie platform, and tokens can be used to buy discounted
invoices, credit scoring data and real time financial data of an SME. For example, if you are buying a bill
from business X at a discounted price so that their customer, business Y can pay you the full invoice
amount at payment deadline - let’s say 120 days from now - will cost you XXX amount of PPP Tokens.

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[abigdump]

Well done dev team its hard to find new and original ideas. But this is very intresting will it allso stop the problems of blacklusting credit scores just for searching for credit. I allways hate how consumers get a bad rap just for a failed credit application

[mexi.db]

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.

Where did you get the "BETTER" data. You still do not have a service. You bought from someone this data?
I just do not understand how you can have better data, banks exist for 20-50-100 years, they have huge amounts of data.

It's true that banks have access to a long history and large amounts of data, but that data may not necessarily be accurate.
PayPie brings transparency to the financials of business by introducing triple entry accounting. Each journal entry and transaction will be hashed and time-stamped on secure blockchain giving PayPie better visibility than banks into the financial health of a business that can be used to make a faster decision on lending. Results are expected to be absolutely accurate one single ledger is in place and there would be no room for manipulation. Besides, PayPie already has a working accounting platform in SlickPie with a growing consumer base, and hence access to data.

[mexi.db]

Well, I just finished reading the whitepaper.

In my opinion, everything is well explained, even if it's not the easiest subject to read.

If I compare to other project related to accounting, you seem to focus on your algorithm to assess credit-risk as the main interesting feature, and I think that could interest a lot of companies.

Triple entry accounting is interesting too, but I think a lot of accounting companies will begin to develop software using the blockchain like Fizcal.

Good luck for your project  

Blockchain technology quite relevant to the accounting and auditing industry and PayPie will have a first-mover advantage in this regard. With the solid team and plan, I see this project going far.

[mexi.db]

Nice project! The demand of a good accounting platform is huge.
I saw 50% is already done, are there any sneakpeeks of the platform? Really curious how it will look

Keep it up dev!
I applied for the translation in Dutch if its needed.

Hello FIEX, you can check out SlickPie at https://www.slickpie.com

Thanks a lot!
I just checked the video on the website, that MagicBot is a very nice feature!

Just registered on the platform and will add my company later this week to test it.
Curious if it fits my needs.

Great work devs

You're welcome FIEX. Thank you for your kind words. I hope it fits your needs. We will be looking forward to your feedback.

[Coin_trader]

Interesting concept. From reading the whitepaper i had a hard time forming a good picture of the idea, but the video on https://www.paypie.com/ clarified a lot and i will be watching the thread from now on.

Yeah, that video explains the oncept learly and intelligently.

[YourMom420]

Pretty exciting project sofar. Really really curious to see how this all turns out. Seems like it could be huge in the long run. Could be really jsefull in this space.

[Frank37]

Sounds interesting, but I have no idea about risk management, good luck.

[magisterr]

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.

Where did you get the "BETTER" data. You still do not have a service. You bought from someone this data?
I just do not understand how you can have better data, banks exist for 20-50-100 years, they have huge amounts of data.

It's true that banks have access to a long history and large amounts of data, but that data may not necessarily be accurate.
PayPie brings transparency to the financials of business by introducing triple entry accounting. Each journal entry and transaction will be hashed and time-stamped on secure blockchain giving PayPie better visibility than banks into the financial health of a business that can be used to make a faster decision on lending. Results are expected to be absolutely accurate one single ledger is in place and there would be no room for manipulation. Besides, PayPie already has a working accounting platform in SlickPie with a growing consumer base, and hence access to data.

They have ready platform before crowdsale? Really? Can you give me link please to their platform. Where they using platform?

[Islapdonkey]

 When i think of a blockchain accounting platform, I think of milk on ice cream. After-all a block-chain is technically an accounting of information.
Well, back to my silly analogy. So, each is good on its own (referring to milk or ice-cream) but when utilized together, you have gooey heaven. Hopefully, am not the only one that really loves milkshake. maybe am just hungry. either way combining the two ideas  presents great opportunities.

[Mystic90]

Interesting project to say the least. Is the credit risk alghorythm already done? I can see you have an extensive team, but I only see 1 dev? Will you outsource for more devs? Are you hiring more devs or do you think that Mr Kumar should be able to handle the workload?

I will be keeping an close eye on this project before I invest, but you have my attention

Goodluck

[Coin_trader]

The concept is very good but it is a long-term investment if my understanding is right, kindly guide my thoughts about this:
After the sale and the tokens has been allocated, there is a frozen period of 12 months, so there will be no movement? no trading will occur since we can not transfer the tokens and yet no more gains will be given until the 12 month-freezing period is finished?

[areschen]

Accounting industry need blockchain innovation,  this project looks great

[Piggy]

Another aspect of this project we need to keep in account in order to have success is the simplicity. This is going to be a key aspect if you want to attract medium to small investors. Things can easily get complicated when you plan for an investment and sometime people prefer to have a person to speak to, persuading them is the is the right choice.

[Trrrt]

Yes the application will be very great, credit risk need to be improved by a blockchain, its a huge market and if PAYPIE can offer us a way to manage the enormous amount of data and manage them to have a nice working risk algorithm analysis, the value of PAYPIE will be totaly incredible. Don't forget that bank start to trust in crypto, if the algorithm work very well, maybe bank will need PAYPIE in few years. And if it is true, the value will be so high ...

[lvsca]

starting revolution in accounting industry using blockchain, more secure.
i think, blockchain technology must be applicable in many sector, such as accounting. and, PayPie has starting it.

[Yasemin]

Ive read the whitepaper and have a question about this project. I understand that Paypie is creating a decentralized accounting platform for business and the target audience for the tokens are on business level (insurers/banks etc.) The tokens are used on this platform if im correct. Does that mean for a normal consumer the tokens are not interesting, because you cannot use it?

[pynetx]

Yes the application will be very great, credit risk need to be improved by a blockchain, its a huge market and if PAYPIE can offer us a way to manage the enormous amount of data and manage them to have a nice working risk algorithm analysis, the value of PAYPIE will be totaly incredible. Don't forget that bank start to trust in crypto, if the algorithm work very well, maybe bank will need PAYPIE in few years. And if it is true, the value will be so high ...

Agree. Paypie is a great thought and project. Banks and all financial institutions will need them. So, better act sooner than later.

[Islapdonkey]

Ive read the whitepaper and have a question about this project. I understand that Paypie is creating a decentralized accounting platform for business and the target audience for the tokens are on business level (insurers/banks etc.) The tokens are used on this platform if im correct. Does that mean for a normal consumer the tokens are not interesting, because you cannot use it?

The normal consumer will have varied use for the coin but ultimately the service been rendered is suited more for business and bank. Those are the establishment that deals frequently in credit risk management. So it makes sense that they will market to that demographic

[Voltaje]

Ive read the whitepaper and have a question about this project. I understand that Paypie is creating a decentralized accounting platform for business and the target audience for the tokens are on business level (insurers/banks etc.) The tokens are used on this platform if im correct. Does that mean for a normal consumer the tokens are not interesting, because you cannot use it?

The normal consumer will have varied use for the coin but ultimately the service been rendered is suited more for business and bank. Those are the establishment that deals frequently in credit risk management. So it makes sense that they will market to that demographic

The good thing is that banks will and big companies could use the technology, but the bad part, I think, is that you are asking people to buy the tokens, normal people will not have much use of it in anything but dumping and cash out, so perhaps I'm still missing something, the token can have HUGE value, but we need people that REALLY need it for it to be traded, perhaps you could target medium and small companies? that will increase its mass adoption, or maybe I still don't' understand it much, and I'm complaining about nothing, anyway, regardless, this is a VERY interesting project, I really hope you do well.