Topic: [ANN] PayPie - Blockchain-Powered Risk Assessment - page 231. (Read 109500 times)
a very good dev project and i am interested to see the progress of this project and also i have followed bounty twitter from this project good luck
Yes the aim is to win the bank market with a powerful analysis algorithm. Bank start to invest in crypto u trenches and blockchain application, see like quorum and J.P. Morgan, they invest a lot in blockchain. So in a few time I think bank will start to invest in altcoin and blochain project. PAYPIE is perfectly fited for bank, the credit risk and the risk analysis is a huge need of bank and a powerful accurate algorithm is really a need for them. PAYPIE wil have a huge value in future, their target the good market !
If it works maybe this algorithm will catch interest of major banks in the future. In b4 paypie bought for $1B by goldman sachs 
Dont let it go for money. Dont sell chicken that lays golden eggs 
If it works maybe this algorithm will catch interest of major banks in the future. In b4 paypie bought for $1B by goldman sachs
I am too interested with social promotion bounty and even signature campaign here if you can accept me. Will subscribe with the Twitter and Facebook so i can be informed of any development for the bounty and the whole project
You can check here : https://bitcointalksearch.org/topic/bounty-paypie-credit-risk-assessment-based-on-blockchain-accounting-2074162 
I am too interested with social promotion bounty and even signature campaign here if you can accept me. Will subscribe with the Twitter and Facebook so i can be informed of any development for the bounty and the whole project
Is this platform gonna be free to use. If so, how is this project going to get funded after ICO? Will there be free trial version or maybe earning with adds?
So...
How do they get all the data, or accounting information? That they are providing?
I've got a missing link, I can't understand how this thing works.
Thanks
/Also what is achieved by the purchase of invoices?
How do they get all the data, or accounting information? That they are providing?
I've got a missing link, I can't understand how this thing works.
Thanks
/Also what is achieved by the purchase of invoices?
PayPie obtains data from the input of a company financials, which is the journal entry data that is being entered manually or automatically in an accounting or ERP software. The data is used to calculate income, expense, payables, receivables etc. and ultimately all financial reports like retained earning, balance sheet, total assets or liabilities of a business.
The purchase of invoices helps to solve the problem of liquidity and financing for SMEs. SMEs struggle to create new opportunities, implement existing plans, pay salaries, manage working capital to buy new equipment, and negotiate the best terms with their suppliers. Most business payments get paid only after 90-120 days and cost them in billions in lost opportunities. Cash is given to the SME against outstanding sales invoices instantly by an investor at a cost that creates a solution where everyone benefits. The investor as part of the paypie pool will buy invoices at a discounted rate & provide SME with the money within 24 hours while waiting for the first customer to pay the pool original amount as per the term sheet.
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.
as an investor what kind of return can i hope to achieve? any projection about the growing of the token value ?
Here you find the 3rd part of a review, focussing on the possible returns
https://www.youtube.com/watch?v=i2Z40DCK2Is
this project is just a start to show where blockchain technology is going.
Wonderfull idea and great team. Will invest in ICO
World is changing and its just a begining all started with blockchain.
Wonderfull idea and great team. Will invest in ICO
World is changing and its just a begining all started with blockchain.
I agree with you. PAYPIE's platform and its application shows the infinite value and power of blockchain technology which could be utilized efficiently and effectively as an immutable accounting ledger that provides quality data for interested parties.
Judging by such a huge whitepaper developers carefully worked through all aspects of their project. Well, I did not penetrate deeply, but in general the idea is clear to me. I think this will be in demand, therefore, a promising project.
We see a lot of blockchain applications and ico's lately.
Most of these ICO's should not be in a blockchain but PAYPIE has a system where a blockchain is needed to make sure that all the data is valid and secure.
Most of these ICO's should not be in a blockchain but PAYPIE has a system where a blockchain is needed to make sure that all the data is valid and secure.
this project is just a start to show where blockchain technology is going.
Wonderfull idea and great team. Will invest in ICO
World is changing and its just a begining all started with blockchain.
Wonderfull idea and great team. Will invest in ICO
World is changing and its just a begining all started with blockchain.
where the data from for u algorithm?
how to grantee the effective of your platform?
how to grantee the effective of your platform?
There are any competitors in sight?
the main competitor is just the old accounting system way of doing thins
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.
Status and several other ICO'S millions without a working prototype. Been 50% complete is ahead on the game in this space. It would be ideal to have a demo for the public but in the crypto world, things operate a bit differently.
This is going to totally disrupt the current way business is being handled in the lending space. I've heard that the clerical errors In this sector are costing banks and companies several million every year.
Administrative workers like accountants and bookkeepers are not going to be happy when a good deal of them are replaced by blockchain tech.
The global tax offices on the other hand just get an easier job with blockchain accounting. They don't even need to connect the dots anymore. Think about all those expensive, delicate IT systems they have to use now to combine shards of information. Think about the salaries to pay the IT contractors who build and maintain those systems.
I could see PayPie branching out to tax offices in the future, unless they are beaten to it by another blockchain company.
Im not sure if there is a need for another risk management system unless you guys are considering more than just the pure numbers of a person. But i think this would be too much effort for an automated system, to invite someone, have a talk with him. See if hes really a risk or was just several times in his life at the wrong place to the wrong time.
Imagine if paypie is used buy just one multinational corparation. I think the only problem would be if this was not copyrighted or open source so anyone could just steal the idea
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