https://www.youtube.com/watch?v=2ZVWIb6UOjQ
This will help a lot of people understand this project including me
.Its really a very nice platform.
Great work devs!
Topic: [ANN] PayPie - Blockchain-Powered Risk Assessment - page 216. (Read 109500 times)
I'm glad you guys made this video:
https://www.youtube.com/watch?v=2ZVWIb6UOjQ
This will help a lot of people understand this project including me.
Its really a very nice platform.
Great work devs!
https://www.youtube.com/watch?v=2ZVWIb6UOjQ
This will help a lot of people understand this project including me
.Its really a very nice platform.
Great work devs!
China banned chinese to raise funds with ico, but they can invest to icos, outside of china.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
Yes, that ICO ban offers project like this new opportunities in the Chinese market. But what they need now to get into this market is atleast Chinese translation for all the important things. Is that already done?
There isn't much activity on there. Do you have other channels where you can communicate with Chinese investors? Try to make the best of this, as I can imagine they are confused which ICOs are allowed to invest in and which ones are not. If you can get the word out PayPie is safe for them, that could attract a lot of Yuan looking for a new home.
Maybe with some advertisement and paid articles in chinese websites can create good publicity. I believe lots of chinese whales looking for good icos to invest right now, and if we make them aware of this great project, they will definetly make a huge contribution.
You can forget about chinese websites and chinese whales, they can't join ICOs anymore. Maybe they'll find a way trough TOR and if only ICOs will adopt anon coins like zcash, monero, verge, nav etc....or wait ICOs on Ark, which will eventually smartbridge anon blockchains
I think this is only a first step towards introducing stricter regulations to carrying out and investing in ICOs.
I would suggest to create a simple infographic where you describe the 1. solution and business offering 2. Investor proposal e.g. how we will benefit from holding tokens. Great Project idea!
Technical papers, infographics and blog posts that explain a lot about the platform in a simplified manner, including examples will be published in due course.
Great. I would advise to expedite the matters. After reading the previous posts in this thread it seems alot of ppl have quite some difficulties with the wp. Keep up the good work and thanks for fast reply!
That's actually not true. Sure Paypie will offer credit risk management, but that's just one peripheral of the offers they will provide. it's there on the whitepaper that they will provide invoice management, since it's on a blockchain, thus transparent, it will provide forensic use for a company dealing with litigation.
So basically it's a full fledged accounting platform, emphasis is placed on credit management cos that specific aspect makes Paypie unique when compared to other attempts from other companies.
Maybe I was not clear, I agree with you
I was just saying that the credit risk part was what differentiate them from other companies, that's why they should put in the title in my opinion. Something like Triple Entry Accounting with unique Credit Risk management.But it's true it's long
Well, PayPie is a lot of things, which makes me really excited about this project each time i think of it. Like I mentioned in an earlier post, PayPie is not just another accounting software, but an accounting platform built on the blockchain and incorporated with credit risk scoring services and a marketplace for invoice financing. Not forgetting triple entry accounting and analysis conducted using the single ledger approach.
And yes, I agree, Paypie is really a very interesting and promising project which will set standards in accounting + credit risk scoring.
Yes, PayPie will build direct integrations that fetches "Journal Entry" data, the basic DNA of business finances. Once an SME would like to access the marketplace, they will do a quick setup in their preferred accounting system and data will be automatically fetched into PayPie and will be hashed on the blockchain.
I would suggest to create a simple infographic where you describe the 1. solution and business offering 2. Investor proposal e.g. how we will benefit from holding tokens. Great Project idea!
Technical papers, infographics and blog posts that explain a lot about the platform in a simplified manner, including examples will be published in due course.
Great. I would advise to expedite the matters. After reading the previous posts in this thread it seems alot of ppl have quite some difficulties with the wp. Keep up the good work and thanks for fast reply!
China banned chinese to raise funds with ico, but they can invest to icos, outside of china.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
Yes, that ICO ban offers project like this new opportunities in the Chinese market. But what they need now to get into this market is atleast Chinese translation for all the important things. Is that already done?
There isn't much activity on there. Do you have other channels where you can communicate with Chinese investors? Try to make the best of this, as I can imagine they are confused which ICOs are allowed to invest in and which ones are not. If you can get the word out PayPie is safe for them, that could attract a lot of Yuan looking for a new home.
Maybe with some advertisement and paid articles in chinese websites can create good publicity. I believe lots of chinese whales looking for good icos to invest right now, and if we make them aware of this great project, they will definetly make a huge contribution.
You can forget about chinese websites and chinese whales, they can't join ICOs anymore. Maybe they'll find a way trough TOR and if only ICOs will adopt anon coins like zcash, monero, verge, nav etc....or wait ICOs on Ark, which will eventually smartbridge anon blockchains
China banned chinese to raise funds with ico, but they can invest to icos, outside of china.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
Yes, that ICO ban offers project like this new opportunities in the Chinese market. But what they need now to get into this market is atleast Chinese translation for all the important things. Is that already done?
There isn't much activity on there. Do you have other channels where you can communicate with Chinese investors? Try to make the best of this, as I can imagine they are confused which ICOs are allowed to invest in and which ones are not. If you can get the word out PayPie is safe for them, that could attract a lot of Yuan looking for a new home.
Maybe with some advertisement and paid articles in chinese websites can create good publicity. I believe lots of chinese whales looking for good icos to invest right now, and if we make them aware of this great project, they will definetly make a huge contribution.
The Chinese resolution, while being bad for icons in China, is a good opportunity for us and the western ICOs to attract Chinese investor, they will have their money returned, so they will have the cash to come here, with a good campaign, we could have better chance reaching our hard cap, some news in Chinese would be good, or social media in their language would improve our community
. I would suggest to create a simple infographic where you describe the 1. solution and business offering 2. Investor proposal e.g. how we will benefit from holding tokens. Great Project idea!
Technical papers, infographics and blog posts that explain a lot about the platform in a simplified manner, including examples will be published in due course.
As I can understand you have a market place, where everyone who holds PPP tokens can participate and can buy invoice financings. Is it then like an "auction" or something? Where someone can put an invoice on the marketplace and some people can make discount offers, so that the seller is able to decide which offer he want to take?
Would love to hear an answer from one of the devs
Hey, still would love to know how your marketplace will work
Will it be more like an auction or how does people negotiate? 
That's actually not true. Sure Paypie will offer credit risk management, but that's just one peripheral of the offers they will provide. it's there on the whitepaper that they will provide invoice management, since it's on a blockchain, thus transparent, it will provide forensic use for a company dealing with litigation.
So basically it's a full fledged accounting platform, emphasis is placed on credit management cos that specific aspect makes Paypie unique when compared to other attempts from other companies.
Maybe I was not clear, I agree with you
I was just saying that the credit risk part was what differentiate them from other companies, that's why they should put in the title in my opinion. Something like Triple Entry Accounting with unique Credit Risk management.But it's true it's long
Well, PayPie is a lot of things, which makes me really excited about this project each time i think of it. Like I mentioned in an earlier post, PayPie is not just another accounting software, but an accounting platform built on the blockchain and incorporated with credit risk scoring services and a marketplace for invoice financing. Not forgetting triple entry accounting and analysis conducted using the single ledger approach.
If I understood correctly, SlickPie is the accounting software of Paypie, but SMEs that use another software are able to integrate it to your platform, right?
And yes, I agree, Paypie is really a very interesting and promising project which will set standards in accounting + credit risk scoring.
China banned chinese to raise funds with ico, but they can invest to icos, outside of china.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
Yes, that ICO ban offers project like this new opportunities in the Chinese market. But what they need now to get into this market is atleast Chinese translation for all the important things. Is that already done?
There isn't much activity on there. Do you have other channels where you can communicate with Chinese investors? Try to make the best of this, as I can imagine they are confused which ICOs are allowed to invest in and which ones are not. If you can get the word out PayPie is safe for them, that could attract a lot of Yuan looking for a new home.
Maybe with some advertisement and paid articles in chinese websites can create good publicity. I believe lots of chinese whales looking for good icos to invest right now, and if we make them aware of this great project, they will definetly make a huge contribution.
There is still several weeks. A month+, if am not mistaken before the ICO commences, am sure things will grow organically. The idea is already unique for the space, so everything is bound to follow suit
Well, that's true, the presale and ico terms are still being sorted out. While we build up to the big dates.
That's actually not true. Sure Paypie will offer credit risk management, but that's just one peripheral of the offers they will provide. it's there on the whitepaper that they will provide invoice management, since it's on a blockchain, thus transparent, it will provide forensic use for a company dealing with litigation.
So basically it's a full fledged accounting platform, emphasis is placed on credit management cos that specific aspect makes Paypie unique when compared to other attempts from other companies.
Maybe I was not clear, I agree with you
I was just saying that the credit risk part was what differentiate them from other companies, that's why they should put in the title in my opinion. Something like Triple Entry Accounting with unique Credit Risk management.But it's true it's long
Well, PayPie is a lot of things, which makes me really excited about this project each time i think of it. Like I mentioned in an earlier post, PayPie is not just another accounting software, but an accounting platform built on the blockchain and incorporated with credit risk scoring services and a marketplace for invoice financing. Not forgetting triple entry accounting and analysis conducted using the single ledger approach.
China banned chinese to raise funds with ico, but they can invest to icos, outside of china.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
Yes, that ICO ban offers project like this new opportunities in the Chinese market. But what they need now to get into this market is atleast Chinese translation for all the important things. Is that already done?
There isn't much activity on there. Do you have other channels where you can communicate with Chinese investors? Try to make the best of this, as I can imagine they are confused which ICOs are allowed to invest in and which ones are not. If you can get the word out PayPie is safe for them, that could attract a lot of Yuan looking for a new home.
Maybe with some advertisement and paid articles in chinese websites can create good publicity. I believe lots of chinese whales looking for good icos to invest right now, and if we make them aware of this great project, they will definetly make a huge contribution.
There is still several weeks. A month+, if am not mistaken before the ICO commences, am sure things will grow organically. The idea is already unique for the space, so everything is bound to follow suit
China banned chinese to raise funds with ico, but they can invest to icos, outside of china.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
Yes, that ICO ban offers project like this new opportunities in the Chinese market. But what they need now to get into this market is atleast Chinese translation for all the important things. Is that already done?
There isn't much activity on there. Do you have other channels where you can communicate with Chinese investors? Try to make the best of this, as I can imagine they are confused which ICOs are allowed to invest in and which ones are not. If you can get the word out PayPie is safe for them, that could attract a lot of Yuan looking for a new home.
Maybe with some advertisement and paid articles in chinese websites can create good publicity. I believe lots of chinese whales looking for good icos to invest right now, and if we make them aware of this great project, they will definetly make a huge contribution.
That's actually not true. Sure Paypie will offer credit risk management, but that's just one peripheral of the offers they will provide. it's there on the whitepaper that they will provide invoice management, since it's on a blockchain, thus transparent, it will provide forensic use for a company dealing with litigation.
So basically it's a full fledged accounting platform, emphasis is placed on credit management cos that specific aspect makes Paypie unique when compared to other attempts from other companies.
Maybe I was not clear, I agree with you
I was just saying that the credit risk part was what differentiate them from other companies, that's why they should put in the title in my opinion. Something like Triple Entry Accounting with unique Credit Risk management.But it's true it's long
Also how are companies incentivized to add their companies financials to the platform? Do they receive tokens in exchange for providing their data? Finally, is there a similar credit score rating contemplated for individuals?
"Initially we will be attracting established companies to the marketplace by enabling east and fast lending process from anywhere, anytime. Current process with banks is cumbersome, time consuming and very expensive and can eat up to 25-30% of the invoice value in agreement cost, interest and fees. This exposes them to the benefits of blockchain accounting and create wider awareness among them. We already have and will build more relationship with organized groups like accounting and bookkeeping firms who usually advise businesses on what platform to use. The benefits like ending duplicate data entry, automated reconciliation and automatic audits are some of the huge benefits that are simply too hard to ignore because they impact your profits."
Finally, is there a similar credit score rating contemplated for individuals? What I mean is are you proposing a score that would compete with FICO for rating consumers? If so, this could have promise as well.
"Only if person is self employed like a contractor or web developer. We will be able to build a risk score based their income, expenses and other historical data."Hello dev team, this is really promising IMHO and will consider an allocation as I learn more about the project and possible valuation. Is this product intended to compete with the oligopoly of S&P, Fitch, and Moodys for credit rating services? Or are you primarily targeting smaller businesses that are outside of the purview of the large rating services? It seems to me to be the latter. Either way there should be room for growth.
They are actually targeting the big players and offering a lot of incentives to use the paypie platform"Yes, we are not building an accounting software but an accounting platform that exposes to the many benefits of blockchain to the SMEs. It's a mix of accounting software and credit scoring companies....you can think this way because we use the blockchain to solve their cashflow problem."
you should join the slack to communicate directly with members of the team. https://paypie.herokuapp.com/
This is very good answers, and I was already aware of the accounting platform, but not the credit scoring, I thought they had an algorithm to give credit risk predictions, but it appears that it will be integrated fully in the platform, together with a complex ledger to act upon it, so that scoring algorithm is just one part of the product the project is offering to the market, this is getting good by the day
.Yes, PayPie is not building an accounting software but an accounting platform that exposes to the many benefits of blockchain to the SMEs. It's a mix of accounting software and credit scoring companies....you can think this way because we use the blockchain to solve their cashflow problem.
I've been thinking about that for some days now and you exposed it again. Maybe the title for this topic was not a good choice for newbies. I mean, when they talk about accounting they mean risk scoring. It'd make more sense to say "World’s First Blockchain Risk Scoring Platform". Don't you think?
Yes, it would make more sense. There is other projects using blockchain for accounting, so that's not the world first blockchain accounting platform. The assesment of the credit risk is their main argument, so they should put it in the title
That's actually not true. Sure Paypie will offer credit risk management, but that's just one peripheral of the offers they will provide. it's there on the whitepaper that they will provide invoice management, since it's on a blockchain, thus transparent, it will provide forensic use for a company dealing with litigation.
So basically it's a full fledged accounting platform, emphasis is placed on credit management cos that specific aspect makes Paypie unique when compared to other attempts from other companies.
Also how are companies incentivized to add their companies financials to the platform? Do they receive tokens in exchange for providing their data? Finally, is there a similar credit score rating contemplated for individuals?
"Initially we will be attracting established companies to the marketplace by enabling east and fast lending process from anywhere, anytime. Current process with banks is cumbersome, time consuming and very expensive and can eat up to 25-30% of the invoice value in agreement cost, interest and fees. This exposes them to the benefits of blockchain accounting and create wider awareness among them. We already have and will build more relationship with organized groups like accounting and bookkeeping firms who usually advise businesses on what platform to use. The benefits like ending duplicate data entry, automated reconciliation and automatic audits are some of the huge benefits that are simply too hard to ignore because they impact your profits."
Finally, is there a similar credit score rating contemplated for individuals? What I mean is are you proposing a score that would compete with FICO for rating consumers? If so, this could have promise as well.
"Only if person is self employed like a contractor or web developer. We will be able to build a risk score based their income, expenses and other historical data."Hello dev team, this is really promising IMHO and will consider an allocation as I learn more about the project and possible valuation. Is this product intended to compete with the oligopoly of S&P, Fitch, and Moodys for credit rating services? Or are you primarily targeting smaller businesses that are outside of the purview of the large rating services? It seems to me to be the latter. Either way there should be room for growth.
They are actually targeting the big players and offering a lot of incentives to use the paypie platform"Yes, we are not building an accounting software but an accounting platform that exposes to the many benefits of blockchain to the SMEs. It's a mix of accounting software and credit scoring companies....you can think this way because we use the blockchain to solve their cashflow problem."
you should join the slack to communicate directly with members of the team. https://paypie.herokuapp.com/
This is very good answers, and I was already aware of the accounting platform, but not the credit scoring, I thought they had an algorithm to give credit risk predictions, but it appears that it will be integrated fully in the platform, together with a complex ledger to act upon it, so that scoring algorithm is just one part of the product the project is offering to the market, this is getting good by the day
.Yes, PayPie is not building an accounting software but an accounting platform that exposes to the many benefits of blockchain to the SMEs. It's a mix of accounting software and credit scoring companies....you can think this way because we use the blockchain to solve their cashflow problem.
I've been thinking about that for some days now and you exposed it again. Maybe the title for this topic was not a good choice for newbies. I mean, when they talk about accounting they mean risk scoring. It'd make more sense to say "World’s First Blockchain Risk Scoring Platform". Don't you think?
Yes, it would make more sense. There is other projects using blockchain for accounting, so that's not the world first blockchain accounting platform. The assesment of the credit risk is their main argument, so they should put it in the title
The whole crypto community is taking a blow right now after the announcement from China. It would be interesting to see in numbers, how much Chinese are investing in foreign ICOs.
There is a constant complaint from the Chinese about unscrupulous users who disappear with the investment of others, but it should be noted that in projects like Paypie there is undisputed control and transparency, which goes some way in sync with what they demand . I believe that in those bands, it is something fleeting and soon they will return. let's be grateful to be on the other side of the walls, and have projects like Paypie to make us believe in better days.
China banned chinese to raise funds with ico, but they can invest to icos, outside of china.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
So i believe chinese will look for good icos out of china and paypie will definetly interest them. Soft cap is easily will pass and i believe we will hit hard cap in a short time after icos start.
Yes, that ICO ban offers project like this new opportunities in the Chinese market. But what they need now to get into this market is atleast Chinese translation for all the important things. Is that already done?
There isn't much activity on there. Do you have other channels where you can communicate with Chinese investors? Try to make the best of this, as I can imagine they are confused which ICOs are allowed to invest in and which ones are not. If you can get the word out PayPie is safe for them, that could attract a lot of Yuan looking for a new home.
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