[ANN] PayPie - Blockchain-Powered Risk Assessment - page 169.

the_donald

full member

Activity: 588

Merit: 100

Quote from: Islapdonkey on September 17, 2017, 09:08:37 PM

Quote from: blackened515 on September 17, 2017, 07:43:08 PM

Quote from: javelin69 on September 17, 2017, 07:19:30 PM

Sounds like paypal sort of somewhat

Lol seems like you didn't care to read even single post on this thread Cheesy

Lol. this actually had me chuckling. Paypie, Paypal. sound similar, so must be alike.

it's accounting and risk management, nothing like Paypal, but hopefully it will be as successful.

KENZU7

newbie

Activity: 8

Merit: 0

Quote from: Voltaje on September 17, 2017, 06:27:10 PM

Quote from: Rigorous on September 17, 2017, 06:16:08 PM

Quote from: kateheoa on September 17, 2017, 03:30:06 PM

have you considered the barrier PayPie will come against with businesses with regards to their sensitive and private data?

why would a company decide to link all of their books and data to this platform?

the company need to first educate the potential companies before any company would be conlmfortable using their services.

A few weeks ago asked the same question and some other users here said PayPie has anonymity features for that. I looked it up in the whitepaper, but there aren't too many details written about them.

We will also be able to anonymize financial data from many kinds of businesses and use that to give small business owners or investors an idea of lending opportunities and compared to anonymized data from other firms in their industry.

Would be nice to see an example.

Paypie uses the blockchain, and there is where all the date will be located, the blockchain is the most secure place to save big amounts of data, and it will be easy to implement, I imagine that the specific details will be shared among the clients, because it will be a little different for each company, because of the differences of businesses they may be in

Paypie, your biggest share of the pie are companies that have ICOed or Tokenised, they are all here. Investors of cryptos and tokens should demand these companies to maintain public ledger accounting. Don't just sell us something and disappear. The revolution is here!

Islapdonkey

sr. member

Activity: 882

Merit: 277

If i had a dollar for every "had i known"

Quote from: pynetx on September 18, 2017, 12:22:54 AM

Quote from: Trrrt on September 17, 2017, 06:57:04 PM

The Paypie algorithm seems to be very strong, team said that they will be able to anonymize financial data and use theses data to let other compagnies compare there data to have an idea of lending opportunities. Its very powerfull, alt of compagnies will want to use this.

That's the beauty of blockchain and after the Equifax hack it's the need of the hour.

Don't get it confused, but a blockchain is just a ledger and the company compiling the ledger can just be hacked like any other company.

murzame

newbie

Activity: 42

Merit: 0

It looks like you have a good idea for upcoming ico! I think that i will contribute some ETH for you. Wink

pynetx

sr. member

Activity: 798

Merit: 262

Quote from: Trrrt on September 17, 2017, 06:57:04 PM

The Paypie algorithm seems to be very strong, team said that they will be able to anonymize financial data and use theses data to let other compagnies compare there data to have an idea of lending opportunities. Its very powerfull, alt of compagnies will want to use this.

That's the beauty of blockchain and after the Equifax hack it's the need of the hour.

Islapdonkey

sr. member

Activity: 882

Merit: 277

If i had a dollar for every "had i known"

Quote from: blackened515 on September 17, 2017, 07:43:08 PM

Quote from: javelin69 on September 17, 2017, 07:19:30 PM

Sounds like paypal sort of somewhat

Lol seems like you didn't care to read even single post on this thread Cheesy

Lol. this actually had me chuckling. Paypie, Paypal. sound similar, so must be alike.

belechau

full member

Activity: 686

Merit: 100

Quote from: Sozialtourist on September 16, 2017, 04:29:39 PM

Quote from: Wapinter on September 16, 2017, 04:23:34 PM

Dear all for security reasons and protect our supporters from scammers we will be closing the Paypie Slack. We will only use Telegram going forward or until we find a new app that allows us to manage messaging. Paypie Slack will be closed soon so join us on Telegram at https://t.me/PayPieTokens.

Good decision with all the scammers nowadays. Make sure the people invest their money in the project instead of risking to loose it to these scamming scum.

Really revolting the situation with the Slacks, I had my losses and hope for better days in this, I'll be joining Telegran, because I need to follow the project, in a selective list of promising Paypie is certainly on top, excellent investment to make

blackened515

sr. member

Activity: 1218

Merit: 279

Quote from: javelin69 on September 17, 2017, 07:19:30 PM

Sounds like paypal sort of somewhat

Lol seems like you didn't care to read even single post on this thread Cheesy

javelin69

newbie

Activity: 29

Merit: 0

Sounds like paypal sort of somewhat

itsonlikedonkeykong

sr. member

Activity: 378

Merit: 250

Quote from: Sharma on September 16, 2017, 05:54:40 PM

Quote from: hackis on September 16, 2017, 04:46:06 PM

Quote from: Wapinter on September 16, 2017, 04:23:34 PM

Dear all for security reasons and protect our supporters from scammers we will be closing the Paypie Slack. We will only use Telegram going forward or until we find a new app that allows us to manage messaging. Paypie Slack will be closed soon so join us on Telegram at https://t.me/PayPieTokens.

Good. I don't see why so many projects even use slack these days, it's a scammers paradise. Much better to use something like Telegram or Discord.

I agree.Slack has become a nightmare these days and many ICOs opting for discord or Telegram as they are much better and safer.It is a good move by Paypie team And I saw they already have nearly 500 members.Much more than their slack channel which only had 400 members

Thank you Wapinter! Telegram is the way to go. 580 members now.

Trrrt

full member

Activity: 448

Merit: 107

The Paypie algorithm seems to be very strong, team said that they will be able to anonymize financial data and use theses data to let other compagnies compare there data to have an idea of lending opportunities. Its very powerfull, alt of compagnies will want to use this.

blackened515

sr. member

Activity: 1218

Merit: 279

Quote from: SzeChun on September 17, 2017, 04:02:41 PM

Sounds promising. Might drop 10 ETH based on the team background. Nice

yes i also want to invest but I dont have much.I hope eth falls so I can buy more to invest

Voltaje

sr. member

Activity: 350

Merit: 250

Quote from: Rigorous on September 17, 2017, 06:16:08 PM

Quote from: kateheoa on September 17, 2017, 03:30:06 PM

have you considered the barrier PayPie will come against with businesses with regards to their sensitive and private data?

why would a company decide to link all of their books and data to this platform?

the company need to first educate the potential companies before any company would be conlmfortable using their services.

A few weeks ago asked the same question and some other users here said PayPie has anonymity features for that. I looked it up in the whitepaper, but there aren't too many details written about them.

We will also be able to anonymize financial data from many kinds of businesses and use that to give small business owners or investors an idea of lending opportunities and compared to anonymized data from other firms in their industry.

Would be nice to see an example.

Paypie uses the blockchain, and there is where all the date will be located, the blockchain is the most secure place to save big amounts of data, and it will be easy to implement, I imagine that the specific details will be shared among the clients, because it will be a little different for each company, because of the differences of businesses they may be in

Rigorous

full member

Activity: 574

Merit: 115

Quote from: kateheoa on September 17, 2017, 03:30:06 PM

have you considered the barrier PayPie will come against with businesses with regards to their sensitive and private data?

why would a company decide to link all of their books and data to this platform?

the company need to first educate the potential companies before any company would be conlmfortable using their services.

A few weeks ago asked the same question and some other users here said PayPie has anonymity features for that. I looked it up in the whitepaper, but there aren't too many details written about them.

We will also be able to anonymize financial data from many kinds of businesses and use that to give small business owners or investors an idea of lending opportunities and compared to anonymized data from other firms in their industry.

Would be nice to see an example.

Cauchy

full member

Activity: 364

Merit: 100

Quote from: SzeChun on September 17, 2017, 03:58:23 PM

Quote from: kateheoa on September 17, 2017, 03:30:06 PM

have you considered the barrier PayPie will come against with businesses with regards to their sensitive and private data?

why would a company decide to link all of their books and data to this platform?

the company need to first educate the potential companies before any company would be conlmfortable using their services.

thats part of closing business partnerships. same problem almost every other platform has.

Its a valid Point. Given the early adoption of bc this is a real faced problem in several areas. Also reason why private masternodes are set-up for larger companies doing this kind of work already.

SzeChun

newbie

Activity: 55

Merit: 0

Sounds promising. Might drop 10 ETH based on the team background. Nice

SzeChun

newbie

Activity: 55

Merit: 0

Quote from: kateheoa on September 17, 2017, 03:30:06 PM

have you considered the barrier PayPie will come against with businesses with regards to their sensitive and private data?

why would a company decide to link all of their books and data to this platform?

the company need to first educate the potential companies before any company would be conlmfortable using their services.

thats part of closing business partnerships. same problem almost every other platform has.

FIEX

sr. member

Activity: 630

Merit: 276

Quote from: Voltaje on September 17, 2017, 10:42:23 AM

Quote from: pynetx on September 17, 2017, 09:52:09 AM

Quote from: Elkmar on September 17, 2017, 06:50:05 AM

Quote from: pynetx on September 17, 2017, 12:42:48 AM

Quote from: Thndr on September 16, 2017, 11:58:13 PM

Quote from: tiger5056 on September 16, 2017, 07:46:52 PM

Canada and USA still not allowed to participate?

This is because they policy. I think this project is welcome everybody in the world but some country want ban ICO and control it

It's not Canada and US. It's US and Hongkong. That's because there policy and it's good thing for us.

I think China changed its policy about ICO recently, chinese could be ban from ICOs too.

Yep, from now own it will be third country to join the forces against us and us against them. Too much fun.

Well, some third world countries haven't adopted cryptocurrencies yet, they are more like informal things, and those governments don't know even that, so they kind of flourish secretly, like in my country, so eventually those countries will embrace bitcoin and the blockchain, USA and China and Singapur somehow think it is bad, they should already make some regulatory measures instead of just ban it, one of the reasons is that Blockchain economy is insanely fast for them, anyway, Paypie will prove that Blockchain can be very useful for managing companies, or Economies, with their accounting and risk management.

There are still a lot of people, but a lot. Who doesnt know about this world.
There is still so much gaining here and money will keep getting into the blockchain. I'm glad that I'm here and can see platforms like this changing a small part in this world.

kateheoa

newbie

Activity: 32

Merit: 0

have you considered the barrier PayPie will come against with businesses with regards to their sensitive and private data?

why would a company decide to link all of their books and data to this platform?

the company need to first educate the potential companies before any company would be conlmfortable using their services.

Heimer

sr. member

Activity: 518

Merit: 250

Quote from: Sozialtourist on September 17, 2017, 02:59:35 PM

Quote from: Elkmar on September 17, 2017, 02:57:03 PM

Quote from: kraterion on September 17, 2017, 02:32:16 PM

"Some have blamed lenders for inappropriately approving loans for subprime applicants, despite signs that people with poor scores were at high risk for not repaying the loan. By not considering whether the person could afford the payments if they were to increase in the future, many of these loans may have put the borrowers at risk of default.
Some banks have reduced their reliance on FICO scoring. For example, Golden West Financial (which merged with Wachovia Bank in 2006) abandoned FICO scores for a more costly analysis of a potential borrower's assets and employment before giving a loan.
According to the experts at MyFico.com, credit scores are enhanced by having multiple credit cards, the use of credit cards, and having installment loans. However, financially secure individuals who do not use multiple credit cards and/or self finance installment type expenses may be inaccurately assessed a lower credit score."

Do you think that PayPie could have been a problem solver in this situation and prevent the subprimes bubble and 2008 crisis ?

Well, we're talking about individuals here, their information would not appear on the blockchain, even if the company which granted them a loan would use triple accounting, there would not be any information about customers written in the ledger, so impossible to know the credit risk imo.

Yes I think PayPie is targeting more SMEs than individuals.

Small investors also can benefit from Paypie. This platform will be cheaper than traditional accountants and more reliable

Topic: [ANN] PayPie - Blockchain-Powered Risk Assessment - page 169. (Read 109500 times)