[ANN] PayPie - Blockchain-Powered Risk Assessment - page 198.

CoinCollector006

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Activity: 350

Merit: 251

Quote from: SEELE^^01 on September 08, 2017, 07:41:10 PM

well, now i think that this will rock even more

https://www.bloomberg.com/news/articles/2017-09-08/equifax-hack-exposes-peril-of-credit-bureau-model-quicktake-q-a

credit bureau equifax got hacked and just read the news, this is maybe the worst identity hack in the history. not only that they got names, social number, credit card accounts, they also got like everything possible on your credit life, trough the hack.

i dont want to think, how much work will be needed to correct this again, but with paypie it shouldnt be a problem

Agreed, the Equifax hack / intellectual property thefts a terrible development for consumers, but likely a positive for Paypie. I myself am concerned about identity theft given I have used Equifax in the past. Nonetheless this highlights the need for an alternative to the existing antiquated credit bureaus system and FICO oligopoly. Companies like Paypie should be poised to disrupt this cozy racket as blockchain has done for other industries like security trading, remittances, land titles and storage of value.

Has Paypie made an official statement regarding the hack and how their systems provide an alternative to the status quo?

Korsakopf

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Activity: 210

Merit: 105

Quote from: wonderfullife on September 09, 2017, 01:50:53 AM

Companies are often confronted with what might be called the biggest obsession of the dirrigigants: the late payment of customers. this is the major problem of the companies and as the banks do not have an updated visu of the finances, the companies refuse to lend their money, which can have disastrous consequences for the balance sheet of the companies. Thanks to paypie now there is a limpidity in the accounts of the companies and the banks are assured that the accounts are not hacked and can lend money in case of delayed payment.

I agree that the services offered by PayPie can be incredibly valuable. What i'd like to see more is big companies who maybe already expressed interest in using the platform, or PayPie already marketing their platform to potential clients. Especially the big companies can be hard to convince to use a new system so starting early with this will be a key to adoption and success.

I saw a mention of them going to an event, i hope they will do a lot of networking and be able to make some announcements.

Trrrt

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Activity: 448

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Yes paypie is the first project with a real accounting application with blockchain. They will create the market for paypie that pretty cool, the platform will be adopted by a lot of compagnies and paypie will have a lot of application. The value will be enourmous. Im impatient to see the platform work, with real time data and all others features. Paypie is really disruptive.

kraterion

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Activity: 616

Merit: 145

🚀🚀 ATHERO.IO 🚀🚀

What was your thinking process to choose ERC20 standard? Why not ERC223 on ETC chain for example which is more secure (https://github.com/ethereum/EIPs/issues/223) ?

Jay2408

full member

Activity: 518

Merit: 101

🚀🚀 ATHERO.IO 🚀🚀

Quote from: pynetx on September 09, 2017, 03:45:08 AM

Quote from: ParRus on September 09, 2017, 03:12:22 AM

Project seems more promising each day when I read this thread understanding more and more by the q&a Roll Eyes

It is one of the best project on the blockchain technology right now with no competition at all.
Team is really experienced in their respective domains.

Yes, that's what I also think. Paypie isn't just a project with a nice-to-have product but accounting is sth that has to be done by each and every company, no matter how small. Smart investors will acknowledge this huge potential of paypie platform with transparent, reliable and real-time data. And with this hack of Equifax it becomes even more evident that Paypie is on the right track.

toolucky98

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Activity: 490

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Quote from: pynetx on September 09, 2017, 03:45:08 AM

Quote from: ParRus on September 09, 2017, 03:12:22 AM

Project seems more promising each day when I read this thread understanding more and more by the q&a Roll Eyes

It is one of the best project on the blockchain technology right now with no competition at all.
Team is really experienced in their respective domains.

Sir, with blockchain existence, there will be many combinations and improvisation that can be done.
Be the first one and then you can dominate the market or your niche, and thats a good thing about this project.

pynetx

sr. member

Activity: 798

Merit: 262

Quote from: ParRus on September 09, 2017, 03:12:22 AM

Project seems more promising each day when I read this thread understanding more and more by the q&a Roll Eyes

It is one of the best project on the blockchain technology right now with no competition at all.
Team is really experienced in their respective domains.

ParRus

full member

Activity: 490

Merit: 104

Project seems more promising each day when I read this thread understanding more and more by the q&a Roll Eyes

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: niklasmato on September 09, 2017, 03:03:42 AM

Quote from: the_donald on September 09, 2017, 02:51:45 AM

Quote from: levyashin on September 09, 2017, 12:59:05 AM

Quote from: SEELE^^01 on September 08, 2017, 07:41:10 PM

well, now i think that this will rock even more

https://www.bloomberg.com/news/articles/2017-09-08/equifax-hack-exposes-peril-of-credit-bureau-model-quicktake-q-a

credit bureau equifax got hacked and just read the news, this is maybe the worst identity hack in the history. not only that they got names, social number, credit card accounts, they also got like everything possible on your credit life, trough the hack.

i dont want to think, how much work will be needed to correct this again, but with paypie it shouldnt be a problem

That's bad for customers and equifax.

But can be good for us. If companies that already in market have problems like this, our demand could be higher. We can benefit from it.

I agree, this is good for Paypie. it shows the world we need more decentralization , instead of a few companies that hold every bit of info about us.

The more we can put in blockchain the better. Especially sensitive data like the data PAYPIE will store.

Exactly. So i didn't get harm of equifax thing but last year in my country with similar reason, everyone's (including me) data posted online.

Of course Paypie can't cover all, but it's a start cause they will hold sensitive data.

niklasmato

sr. member

Activity: 616

Merit: 263

Quote from: the_donald on September 09, 2017, 02:51:45 AM

Quote from: levyashin on September 09, 2017, 12:59:05 AM

Quote from: SEELE^^01 on September 08, 2017, 07:41:10 PM

well, now i think that this will rock even more

https://www.bloomberg.com/news/articles/2017-09-08/equifax-hack-exposes-peril-of-credit-bureau-model-quicktake-q-a

credit bureau equifax got hacked and just read the news, this is maybe the worst identity hack in the history. not only that they got names, social number, credit card accounts, they also got like everything possible on your credit life, trough the hack.

i dont want to think, how much work will be needed to correct this again, but with paypie it shouldnt be a problem

That's bad for customers and equifax.

But can be good for us. If companies that already in market have problems like this, our demand could be higher. We can benefit from it.

I agree, this is good for Paypie. it shows the world we need more decentralization , instead of a few companies that hold every bit of info about us.

The more we can put in blockchain the better. Especially sensitive data like the data PAYPIE will store.

viljy

hero member

Activity: 1736

Merit: 857

Transparency of the financial state of the organization is very important. It is also important for assessing the risk in lending. If your program provides a reliable assessment of these risks, this will be a great achievement. The use of blockchain technology in this project is fully justified. Since blockchain provides transparency and unchanged data. This is a very promising project for business.

the_donald

full member

Activity: 588

Merit: 100

Quote from: levyashin on September 09, 2017, 12:59:05 AM

Quote from: SEELE^^01 on September 08, 2017, 07:41:10 PM

well, now i think that this will rock even more

https://www.bloomberg.com/news/articles/2017-09-08/equifax-hack-exposes-peril-of-credit-bureau-model-quicktake-q-a

credit bureau equifax got hacked and just read the news, this is maybe the worst identity hack in the history. not only that they got names, social number, credit card accounts, they also got like everything possible on your credit life, trough the hack.

i dont want to think, how much work will be needed to correct this again, but with paypie it shouldnt be a problem

That's bad for customers and equifax.

But can be good for us. If companies that already in market have problems like this, our demand could be higher. We can benefit from it.

I agree, this is good for Paypie. it shows the world we need more decentralization , instead of a few companies that hold every bit of info about us.

wonderfullife

full member

Activity: 168

Merit: 100

Companies are often confronted with what might be called the biggest obsession of the dirrigigants: the late payment of customers. this is the major problem of the companies and as the banks do not have an updated visu of the finances, the companies refuse to lend their money, which can have disastrous consequences for the balance sheet of the companies. Thanks to paypie now there is a limpidity in the accounts of the companies and the banks are assured that the accounts are not hacked and can lend money in case of delayed payment.

pynetx

sr. member

Activity: 798

Merit: 262

Quote from: chichidori on September 08, 2017, 11:37:28 PM

Quote from: wonderfullife on September 08, 2017, 10:46:25 PM

What is interesting about what Paypie wanna do is that companies don't need to change their accounting software, they can add paypie functionnality to their software in some case and so to have account available in direct on the blockchain.

From what i read it is compatible to most software that are being used by corporate companies, blockchain is the safest way if you want to protect financial ledgers from being hack.

Yeah, that's the part that makes it unique. Being the first and compatibility with the market leaders will surely help paypie in long term.

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: SEELE^^01 on September 08, 2017, 07:41:10 PM

well, now i think that this will rock even more

https://www.bloomberg.com/news/articles/2017-09-08/equifax-hack-exposes-peril-of-credit-bureau-model-quicktake-q-a

credit bureau equifax got hacked and just read the news, this is maybe the worst identity hack in the history. not only that they got names, social number, credit card accounts, they also got like everything possible on your credit life, trough the hack.

i dont want to think, how much work will be needed to correct this again, but with paypie it shouldnt be a problem

That's bad for customers and equifax.

But can be good for us. If companies that already in market have problems like this, our demand could be higher. We can benefit from it.

imtiazmahmood

sr. member

Activity: 476

Merit: 250

Quote from: wonderfullife on September 08, 2017, 10:46:25 PM

What is interesting about what Paypie wanna do is that companies don't need to change their accounting software, they can add paypie functionnality to their software in some case and so to have account available in direct on the blockchain.

here is below info i found on whitepaper.

PayPie platform introduces the blockchain into the existing workflows of an accounting software; the ones that are already trusted by SMEs. Accounting software SlickPie will provide the initial accounting logic framework and source code for the foundation of PayPie platform to store journal entry and other accounting data. This saves us time in coding and writing those involved accounting logics, and we already have a great platform to start with. Adding blockchain record to the world of debit and credit effectively creates a triple entry accounting system. for more read just go on paypie website and download whitepaper.

i think this enough for you to understand.

grizmoblust

sr. member

Activity: 379

Merit: 250

use blockchain for accounting. interesting seem I am an accountant. will tell my boss about this

sanojcoin

member

Activity: 159

Merit: 10

in case it will be used by banks and insurance companies this is going to be huge!! Shocked

chichidori

legendary

Activity: 1694

Merit: 1003

Quote from: wonderfullife on September 08, 2017, 10:46:25 PM

What is interesting about what Paypie wanna do is that companies don't need to change their accounting software, they can add paypie functionnality to their software in some case and so to have account available in direct on the blockchain.

From what i read it is compatible to most software that are being used by corporate companies, blockchain is the safest way if you want to protect financial ledgers from being hack.

Piggy

hero member

Activity: 784

Merit: 1416

Quote from: ?? on ??

Quote from: Islapdonkey on September 08, 2017, 09:20:51 AM

Quote from: Rigorous on September 08, 2017, 08:16:52 AM

Lately I've been seeing headlines about India's demonetization efforts (it's not exactly smooth sailing) and I just made the connection with PayPie. In fact they mention India in section 9.1 of the whitepaper:

In India, huge projects to digitize financial transactions have been rolled out in last one year in the form of demonetization and GST and millions of new businesses will be in market first time who can be helped by PayPie platform.

Do you realize the potential when PayPie is first to market there when there's no legal alternative? Shocked

I actually agree with you on this. India has been pushing to attain a similar technological status present in places like Japan and China. So blockchain tech adoption in India seems inevitable. Especially, due to the current India/China strife, the first country to massively adopt the tech, gets a leg up

I think PAYPIE'S thrust will be not only in India, but in financial centers around the world, such as New York, London, China and Tokyo..etc...

I think when people will star to use it and see the benefits, it will start spreading, much like facebook at the very begin.

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