[ANN] PayPie - Blockchain-Powered Risk Assessment - page 226.

Elkmar

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Activity: 294

Merit: 100

Quote from: Korsakopf on September 01, 2017, 01:16:27 PM

The founders are some real heavyweights if you check out their Linked in profiles. Always good to see that on a new project, gives me faith in it's succes!

Wow, I did not even check this. And that's really impressive. Most of the time I don't dig too much into this, but that's true that bring some trust to invest in this project

The team must perfectly know what they are doing !

mexi.db

full member

Activity: 532

Merit: 102

Quote from: Cauchy on September 01, 2017, 03:58:53 PM

Has there been any pre-ico/pre-sale and if so, what amount was raised? Thanks in advanced. Best of luck with the Project.

there hasn't been an ico or presale yet.

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: FIEX on September 01, 2017, 10:40:11 AM

Quote from: matjas on September 01, 2017, 09:29:20 AM

So you will need Paypie tokens to access different aspects of platform. Will you be able to buy your tokens directly in the platform with fiat, or you will need to transfer it from some exchange?

There will be an option to buy from the platform.
This platform is also for people who arent in the cryptoworld.

Doesn't that mean the potential growth of the price for the token is limited. I guess the operators of the PAYPIE platform don't want their services to be too expensive. Or will they adjust the price to access the platform to the market prce of the PPP tokens?

Cauchy

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Activity: 364

Merit: 100

Has there been any pre-ico/pre-sale and if so, what amount was raised? Thanks in advanced. Best of luck with the Project.

kraterion

full member

Activity: 616

Merit: 145

🚀🚀 ATHERO.IO 🚀🚀

Quote from: imtiazmahmood on September 01, 2017, 02:35:42 PM

project going very well. i think this project going to be listed on big exchanges. because paypie is reputed project. this will be gonna bring revolution in crypto world. what you think guys.

If banks are going to use this algorithm is not a revolution in crypto world, it's a revolution on economic world. The more and more projects like this popping up, the more we're seeing blockchain use cases in real world. And we're only in early stages of that, if you really think about that we're lucky to be part of this

imtiazmahmood

sr. member

Activity: 476

Merit: 250

project going very well. i think this project going to be listed on big exchanges. because paypie is reputed project. this will be gonna bring revolution in crypto world. what you think guys.

Jay2408

full member

Activity: 518

Merit: 101

🚀🚀 ATHERO.IO 🚀🚀

Quote from: kraterion on September 01, 2017, 01:47:08 PM

Quote from: Islapdonkey on September 01, 2017, 01:24:19 PM

Quote from: no-ice-please on September 01, 2017, 11:04:16 AM

How will this project actually get off the ground? You are targeting the SME space, but the SME space isn't actually the space that is most eager to adopt blockchain technology. If you want to provide a 100% accurate risk assessment, you need a 100% transparent picture of the company. And therefore you need 100% of all assets and liabilities being accessible for you. And therefore you need a double layer accounting system with a data feed infrastructure between the double entry and the triple entry layer. And that again is adding complexity in the first place, which many of those companies will not want. Are you actually targeting companies that are about to be newly incepted or established companies that you want to get to transfer their double entry data into triple entry accounting infrastructure?

You might actually be surprised that a lot of SME will appreciate this service. As I aforementioned, if this service becomes the norm, it will break down barriers and encourage universal lending. So a SME in South Africa might not be able to apply for a loan with a bank in Australia. Because the bank has no way to prove their credit worthiness, with Paypie, the bank can easily verify their assets and liabilities. Thus enabling a process that was priorly deemed impossible.
As for does complaining about companies with shady paperwork, well Paypie is not meant for them and honestly, those shady companies shouldn't get funds that could be allocated to another company operating in an honest fashion

Companies with shady paperworks are the majority out there (in my country this is true) but banks and companies are ok with that, if they adopt this algorithm many many companies will go down

I'm not sure if such companies are the majority. There are certainly countries where accounting is handled loosely and it is ok, but in countries with relatively strict tax laws (and equivalent tax authorities

) companies have to do proper accounting sooner or later.

kraterion

full member

Activity: 616

Merit: 145

🚀🚀 ATHERO.IO 🚀🚀

Quote from: Islapdonkey on September 01, 2017, 01:24:19 PM

Quote from: no-ice-please on September 01, 2017, 11:04:16 AM

How will this project actually get off the ground? You are targeting the SME space, but the SME space isn't actually the space that is most eager to adopt blockchain technology. If you want to provide a 100% accurate risk assessment, you need a 100% transparent picture of the company. And therefore you need 100% of all assets and liabilities being accessible for you. And therefore you need a double layer accounting system with a data feed infrastructure between the double entry and the triple entry layer. And that again is adding complexity in the first place, which many of those companies will not want. Are you actually targeting companies that are about to be newly incepted or established companies that you want to get to transfer their double entry data into triple entry accounting infrastructure?

You might actually be surprised that a lot of SME will appreciate this service. As I aforementioned, if this service becomes the norm, it will break down barriers and encourage universal lending. So a SME in South Africa might not be able to apply for a loan with a bank in Australia. Because the bank has no way to prove their credit worthiness, with Paypie, the bank can easily verify their assets and liabilities. Thus enabling a process that was priorly deemed impossible.
As for does complaining about companies with shady paperwork, well Paypie is not meant for them and honestly, those shady companies shouldn't get funds that could be allocated to another company operating in an honest fashion

Companies with shady paperworks are the majority out there (in my country this is true) but banks and companies are ok with that, if they adopt this algorithm many many companies will go down

Voltaje

sr. member

Activity: 350

Merit: 250

Quote from: Heimer on September 01, 2017, 12:34:51 PM

Quote from: bitsurfer2014 on September 01, 2017, 11:05:47 AM

Quote from: sarriyan on September 01, 2017, 09:14:37 AM

Quote from: bitsurfer2014 on September 01, 2017, 08:46:21 AM

Quote from: bitjet on September 01, 2017, 08:05:55 AM

Quote from: VTCarter on September 01, 2017, 08:03:20 AM

This project is good for bank to check company finance. Government will love this project too.

But many company have a bad business results will not like it. Think about when they need loan money from bank. In traditional way they will make a fake accounting balance sheet.

Conversely, many company also are doing good but they need additional funding to expand and grow their business, then they can utilize PAYPIE's platform
so that they can obtain a good credit standing from their potential creditors.

Agree! and think more about future. My company can get money from a bank in other country just by prove My company finance on Paypie platform.

I do hope someday soon PAYPIE's platform will be the ultimate standard on company credit scoring and will be embraced by the business community.

Nice perspective, maybe in the future? Everything will be so much easier for companies and accountants Grin

That would be excellent for the project, but that will also generate another small market, because of this, new competition will arise, or the companies and banks will invest in creating their own solution similar to pay pie, regardless all of that is good for the market itself, and will, of course, bring even more companies for pay pie, mostly because very few companies are big enough to create their own blockchain, the rest will have to pay for the service.

Islapdonkey

sr. member

Activity: 882

Merit: 277

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

Quote from: no-ice-please on September 01, 2017, 11:04:16 AM

How will this project actually get off the ground? You are targeting the SME space, but the SME space isn't actually the space that is most eager to adopt blockchain technology. If you want to provide a 100% accurate risk assessment, you need a 100% transparent picture of the company. And therefore you need 100% of all assets and liabilities being accessible for you. And therefore you need a double layer accounting system with a data feed infrastructure between the double entry and the triple entry layer. And that again is adding complexity in the first place, which many of those companies will not want. Are you actually targeting companies that are about to be newly incepted or established companies that you want to get to transfer their double entry data into triple entry accounting infrastructure?

You might actually be surprised that a lot of SME will appreciate this service. As I aforementioned, if this service becomes the norm, it will break down barriers and encourage universal lending. So a SME in South Africa might not be able to apply for a loan with a bank in Australia. Because the bank has no way to prove their credit worthiness, with Paypie, the bank can easily verify their assets and liabilities. Thus enabling a process that was priorly deemed impossible.
As for does complaining about companies with shady paperwork, well Paypie is not meant for them and honestly, those shady companies shouldn't get funds that could be allocated to another company operating in an honest fashion

Korsakopf

full member

Activity: 210

Merit: 105

The founders are some real heavyweights if you check out their Linked in profiles. Always good to see that on a new project, gives me faith in it's succes!

areschen

full member

Activity: 392

Merit: 100

I think through this platform can be implemented Lean financial management, It is very helpful for small company.

Heimer

sr. member

Activity: 518

Merit: 250

Quote from: bitsurfer2014 on September 01, 2017, 11:05:47 AM

Quote from: sarriyan on September 01, 2017, 09:14:37 AM

Quote from: bitsurfer2014 on September 01, 2017, 08:46:21 AM

Quote from: bitjet on September 01, 2017, 08:05:55 AM

Quote from: VTCarter on September 01, 2017, 08:03:20 AM

This project is good for bank to check company finance. Government will love this project too.

But many company have a bad business results will not like it. Think about when they need loan money from bank. In traditional way they will make a fake accounting balance sheet.

Conversely, many company also are doing good but they need additional funding to expand and grow their business, then they can utilize PAYPIE's platform
so that they can obtain a good credit standing from their potential creditors.

Agree! and think more about future. My company can get money from a bank in other country just by prove My company finance on Paypie platform.

I do hope someday soon PAYPIE's platform will be the ultimate standard on company credit scoring and will be embraced by the business community.

Nice perspective, maybe in the future? Everything will be so much easier for companies and accountants Grin

Trrrt

full member

Activity: 448

Merit: 107

The better things in PAYPIE is that the algorithm will agregate the data, so the more data we give to the soft the more will be accurate the risk analysis. So the algorithm will become better each new day and each new data he take. And financial compagnie has a lot of data to agregate, and with the good algorithm and the good analysis you can have a very accurate risk prediction and manage your business better. And the algorithm will work in a lot of other domain than finance, like in retail, where risk is very important, applicate this data to a nice management control and you can improve your benefit !

wonderfullife

full member

Activity: 168

Merit: 100

The project is intersting for companies because it saves time and money and avoids duplicate spots, fraud and expensive audits and ensures the continuity of the business by converting cash problems.

windreamteam

full member

Activity: 182

Merit: 100

Happy to be amoung the world's first blockchain accounting platform. What i found good in this project is that all over the world anyway the type of business many companies could find this service very usefull. Companies financial is a hard thing to keep update for exemple, here everything will be clear, transparent, safe what can be very usefull if a company need a credit, if a company need to apply for an inssurance, or even if a company want to be sold. Many applications are possible.

bitsurfer2014

hero member

Activity: 924

Merit: 520

Quote from: sarriyan on September 01, 2017, 09:14:37 AM

Quote from: bitsurfer2014 on September 01, 2017, 08:46:21 AM

Quote from: bitjet on September 01, 2017, 08:05:55 AM

Quote from: VTCarter on September 01, 2017, 08:03:20 AM

This project is good for bank to check company finance. Government will love this project too.

But many company have a bad business results will not like it. Think about when they need loan money from bank. In traditional way they will make a fake accounting balance sheet.

Conversely, many company also are doing good but they need additional funding to expand and grow their business, then they can utilize PAYPIE's platform
so that they can obtain a good credit standing from their potential creditors.

Agree! and think more about future. My company can get money from a bank in other country just by prove My company finance on Paypie platform.

I do hope someday soon PAYPIE's platform will be the ultimate standard on company credit scoring and will be embraced by the business community.

no-ice-please

hero member

Activity: 955

Merit: 500

How will this project actually get off the ground? You are targeting the SME space, but the SME space isn't actually the space that is most eager to adopt blockchain technology. If you want to provide a 100% accurate risk assessment, you need a 100% transparent picture of the company. And therefore you need 100% of all assets and liabilities being accessible for you. And therefore you need a double layer accounting system with a data feed infrastructure between the double entry and the triple entry layer. And that again is adding complexity in the first place, which many of those companies will not want. Are you actually targeting companies that are about to be newly incepted or established companies that you want to get to transfer their double entry data into triple entry accounting infrastructure?

toolucky98

full member

Activity: 490

Merit: 100

Quote from: the_donald on September 01, 2017, 08:28:00 AM

I though so, was just wandering if there's a deflationary feature in this token.

Quote from: levyashin on September 01, 2017, 08:38:31 AM

I thing they are going to sell them. If they burn them there won't be any coin on the market. If they hold them, they will get bankrupt because they won't earn any money at the end.

Im not sure but i think they wont burn the token, instead they will add some additional tokens just for some reasons.
Whitepaper :
Token Supply: 110,000,000 PPP tokens are available for distribution. Only 82,500,000 PPP are for sale to contributors. Rest 27,500,000 are for the team, advisors, bounties etc. Additional 55,000,000 PPP tokens will be generated and kept as reserve for one year solely to develop partnerships and future acquisitions to become a dominant market leader.

FIEX

sr. member

Activity: 630

Merit: 276

Quote from: matjas on September 01, 2017, 09:29:20 AM

So you will need Paypie tokens to access different aspects of platform. Will you be able to buy your tokens directly in the platform with fiat, or you will need to transfer it from some exchange?

There will be an option to buy from the platform.
This platform is also for people who arent in the cryptoworld.

Topic: [ANN] PayPie - Blockchain-Powered Risk Assessment - page 226. (Read 109500 times)