I'm struggling to see on their website and "whitepaper" how it is they actually utilise Bitcoin's blockchain as the article claims. I wouldn't even call it a whitepaper as it doesn't even bother explaining anything in any actual technical detail. It's just a document full of buzzwords and pleasant-sounding phrases.
The use of blockchain technology will make our network secure and transparent.
Our technological architecture is a highly scalable combination of the latest technological advances in blockchain, UX/UI, and server-side approaches.
Our network leverages blockchain technology which offers all participants consistent, shared and secure processes. The nature of the decentralized blockchain is to allow a completely trusted interaction between all parties.
How is PayperEx using blockchain technology?
The use of blockchain technology is reflected in PayperEx network by two major elements: PAX and Paypers. using Blockchain technology ensures that both PAX and, subsequently, Paypers issued in our network are unique, secure and transparent. Blockchain technology allows us to check whether new transactions are legitimate, that the same transaction of Paypers or PAX doesn’t happen twice, and Paypers or Pax are not sold by people who don't own them.
This tells me literally nothing.
What information are they actually storing? All it says it they use "blockchain technology". It just sounds like the article is hyping an altcoin ICO. And there seem to be duplicate articles on lots of other "news" sites with a disclaimer saying it's a paid article. My initial impression is that they just want funding to enable them to become middlemen who sit there and take trading fees on the tokens they just sold you. Great business model if people are dumb enough to buy into it.
Hard pass from me.
