There are any competitors in sight?
the main competitor is just the old accounting system way of doing thins
Nope, I know that some others companies are thinking about triple entry accounting via the blockchain.
One example is Fizcal
Yeah, Fizcal seems interesting as well. I've not decided yet which one I'm going to invest. Fizcal says that Ethereum won't be scalable enough for their need, but this project is going to use Ethereum. Would love to know what are PayPie's developers thinking about this? I know blockchain will revolutionalize accounting and if most companies start putting their data to Ethereum chain, this might be a lot of traffic.
However, this project looks a bit more professional to me.
Like I said before in the ANN, but I don't think I had an answer, I think that the main argument of Paypie is the Credit Risk Algorithm to distinguish themselves from competitor like Fizcal. They really enhance the fact that with the blockchain they'll obtain the most accurate one possible.
And if we're talking about this, I don't know any competitor in the credit risk field using blockchain technology.
Is the credit risk algorithm already done? And more importantly is it proven? Can we see stats that it works, since it seems that this is a key feature of their product.
Is it possible for the devs to make a blog or youtube video about how the algorithm works? I am not technical enough to read a code of it.
I can't find that position on their roadmad but research is done so they should have it, it's a very important part.
According to the PayPie team, "The accounting framework of it is fully built and that’s the most demanding part. Our risk management team is currently working on the risk part and we are getting more and more comfortable with the data that we feed to the risk algorithm. We believe that we will meet the timeline that we have proposed in our whitepaper in advance."
Looks have a big dev team have multi stream to develop different part of this big system, looks great, looking forward it
The ethereal blockchain may be a little slow now that a LOT of companies are creating ICOs, thus a lot of congestions in transactions are happening, especially during ICOs, but ethereum will solve all of those problems when they go Metropolis, which should occur next year tops, when that happens, the blockchain will be VERY fast and better, so I think they made the right choice about ethereum, they could have used NEM, but NEM doesn't have a solid technology in smart contract yet to create the credit risk algorithm in it, NEM may be faster, but it's still behind if we compare to ethereum, I imagine they already made their investigation to decide which blockchain will meet their needs, so don't worry about it, ethereum is still the king of smart contracts
.