Topic: [ANN] PayPie - Blockchain-Powered Risk Assessment - page 230. (Read 109500 times)

Quote from: Sindbad on August 31, 2017, 07:00:40 AM

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.

Mystic90

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Quote from: Elkmar on August 31, 2017, 04:35:26 PM

Quote from: jukKas on August 31, 2017, 02:08:23 PM

Quote from: Sindbad on August 31, 2017, 07:00:40 AM

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.

Elkmar

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Activity: 294

Merit: 100

Quote from: jukKas on August 31, 2017, 02:08:23 PM

Quote from: Sindbad on August 31, 2017, 07:00:40 AM

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.

Mr.Coinzer

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By what method will your program manage extortion issues? More particular please? It's tied in with bookkeeping programs? Or, on the other hand about projects of transportation and capacity of cash in totes?

ParRus

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Quote from: niklasmato on August 31, 2017, 03:56:04 PM

I didn't find any reference on Canada on the ANN? Or did i miss that part?

in first page of this topic writed next "Developed by a Canadian company, PayPie is creating the first decentralized accounting platform for business."

in Whitepaper:
"9.1 Market
We have long experience working primarily with SMEs & accountants based in USA and Canada, and we
have already identified the innovative opportunities in these massive markets that will be leveraged for
growth and to capture sizeable market share."

niklasmato

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I didn't find any reference on Canada on the ANN? Or did i miss that part?

Wapinter

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Hire me for Bounty Management

Quote from: magisterr on August 31, 2017, 01:33:51 PM

Quote from: the_donald on August 31, 2017, 09:16:01 AM

Quote from: wonderfullife on August 31, 2017, 04:45:54 AM

In many scenarios companies have to prove the viability and legality of their account , register ect.... And it's not always easy to prove all these kind if things but with an infrastructure like PAYPIE it will can become easier.

Agree with you on that but the reliability of the algorithm is still questionable.
They should give some demo of the platform showing it's reliability.

It's still early days isn't it? I doubt they can succeed without all of the above implemented so let's just wait and see.

PAYPIE is initially partnering SLICKPIE, a company that offers accounting software and expertise to provide its accounting logic framework and source code which will serve as a basis for PAYPIE's platform.

hm.. just read about them:

Quote

SlickPie is free online accounting software designed for small businesses, offering online invoicing and billing, multicurrency, quotes and estimates. bank reconciliation, financial reporting, expense tracking, sales tax management, source document upload, and more. SlickPie also delivers many time-saving automation features, such as automatic payment reminders and recurring invoices, and it offers a built-in automated receipt data entry tool, the MagicBot.

SlickPie is Canadian company? (most of traffic on their site from Canada). Devs of PayPie also from Canada? Or which country?

Yes Paypie is located in Canada

Heimer

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Quote from: ParRus on August 31, 2017, 02:35:43 PM

Quote from: magisterr on August 31, 2017, 01:33:51 PM

Quote from: the_donald on August 31, 2017, 09:16:01 AM

Quote from: wonderfullife on August 31, 2017, 04:45:54 AM

In many scenarios companies have to prove the viability and legality of their account , register ect.... And it's not always easy to prove all these kind if things but with an infrastructure like PAYPIE it will can become easier.

Agree with you on that but the reliability of the algorithm is still questionable.
They should give some demo of the platform showing it's reliability.

It's still early days isn't it? I doubt they can succeed without all of the above implemented so let's just wait and see.

PAYPIE is initially partnering SLICKPIE, a company that offers accounting software and expertise to provide its accounting logic framework and source code which will serve as a basis for PAYPIE's platform.

hm.. just read about them:

Quote

SlickPie is free online accounting software designed for small businesses, offering online invoicing and billing, multicurrency, quotes and estimates. bank reconciliation, financial reporting, expense tracking, sales tax management, source document upload, and more. SlickPie also delivers many time-saving automation features, such as automatic payment reminders and recurring invoices, and it offers a built-in automated receipt data entry tool, the MagicBot.

SlickPie is Canadian company? (most of traffic on their site from Canada). Devs of PayPie also from Canada? Or which country?

Yes, they all are from Canada, great team!

I hope so, but I can definitely tell that devs are very hardworking and committed to this project. Now we can only wait for successful ICO and take nice return of it.

LifeOfDoge

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Quote from: kraterion on August 31, 2017, 12:01:48 PM

If it works maybe this algorithm will catch interest of major banks in the future. In b4 paypie bought for $1B by goldman sachs Grin

Don't let your dreams be dreams Grin

but seriously in crypto world you never know, everything is possible.

ParRus

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Quote from: magisterr on August 31, 2017, 01:33:51 PM

Quote from: the_donald on August 31, 2017, 09:16:01 AM

Quote from: wonderfullife on August 31, 2017, 04:45:54 AM

In many scenarios companies have to prove the viability and legality of their account , register ect.... And it's not always easy to prove all these kind if things but with an infrastructure like PAYPIE it will can become easier.

Agree with you on that but the reliability of the algorithm is still questionable.
They should give some demo of the platform showing it's reliability.

It's still early days isn't it? I doubt they can succeed without all of the above implemented so let's just wait and see.

PAYPIE is initially partnering SLICKPIE, a company that offers accounting software and expertise to provide its accounting logic framework and source code which will serve as a basis for PAYPIE's platform.

hm.. just read about them:

Quote

SlickPie is free online accounting software designed for small businesses, offering online invoicing and billing, multicurrency, quotes and estimates. bank reconciliation, financial reporting, expense tracking, sales tax management, source document upload, and more. SlickPie also delivers many time-saving automation features, such as automatic payment reminders and recurring invoices, and it offers a built-in automated receipt data entry tool, the MagicBot.

SlickPie is Canadian company? (most of traffic on their site from Canada). Devs of PayPie also from Canada? Or which country?

Yes, they all are from Canada, great team!

Heimer

sr. member

Activity: 518

Merit: 250

Quote from: Sindbad on August 31, 2017, 07:00:40 AM

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

Fizacal is a little different, they are focusing strictly on financial accounting. Paypie will have different approach, more diverse.

jukKas

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Activity: 364

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Quote from: Sindbad on August 31, 2017, 07:00:40 AM

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.

Elkmar

full member

Activity: 294

Merit: 100

Quote from: Sindbad on August 31, 2017, 07:00:40 AM

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

magisterr

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Activity: 1372

Merit: 259

Quote from: the_donald on August 31, 2017, 09:16:01 AM