[ANN] PayPie - Blockchain-Powered Risk Assessment - page 233.

KryptoKings

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Quote from: mexi.db on August 30, 2017, 07:30:49 PM

Quote from: greatteager on August 30, 2017, 02:18:42 PM

What advantages and opportunities will be available in the insurance industry? Insurers will be able to sell insurance products to businesses and entrepreneurs?

PayPie will have applications in the insurance industry. Many insurance companies in North America ask for the proof of income, order size, source of income etc.

but the question is will they use Paypie?If they do,paypai will get lots of boost

mexi.db

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Activity: 532

Merit: 102

Quote from: greatteager on August 30, 2017, 02:18:42 PM

What advantages and opportunities will be available in the insurance industry? Insurers will be able to sell insurance products to businesses and entrepreneurs?

PayPie will have applications in the insurance industry. Many insurance companies in North America ask for the proof of income, order size, source of income etc.

mexi.db

full member

Activity: 532

Merit: 102

Quote from: onlytemporary on August 30, 2017, 04:25:44 PM

Does Paypie plan on expanding into the personal level credit risk analysis? I haven't seen this answered in the thread. Right now, it seems to be fully focused on B to B.

Seems like a great group of developers, experts and advisory council. Will keep an eye on this for sure.

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. Welcome!

blackened515

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Activity: 1218

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Quote from: mexi.db on August 30, 2017, 06:48:29 PM

Quote from: kraterion on August 30, 2017, 02:49:45 PM

Quote from: Korsakopf on August 30, 2017, 02:31:01 PM

Quote from: kraterion on August 30, 2017, 02:10:32 PM

I'm reading whitepaper and holy **** it's a bit too technical for me (and I guess for many other people too).
Someone can ELI5 to me what is an "accurate risk score algorithm" ?

It is a way to calculate somebody's credit score. The credit score you have influences for instance if you want to get a mortgage. And most companies base your credit score on inaccurate data. Having a algorithm that can give an accurate credit score is important for consumers, but also very important for companies.

oh I see, and why they need a new token for that? Or they want to deploy their own blockchain and their own paypieVM ?

PayPie will be deployed on the ethereum blockchain. PayPie Platform tokens will be based on Ethereum ERC20 standard. PPP Token is the utility token which provides access to the PayPie platform for certain transactions and services. Each PPP Token grants the holder the right to access certain services including the purchase of invoices and access to credit histories of SMEs.

This will make Paypie a huge potentailly successful token.I am sure PPP will be much more value in future

mexi.db

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Activity: 532

Merit: 102

Quote from: kraterion on August 30, 2017, 02:49:45 PM

Quote from: Korsakopf on August 30, 2017, 02:31:01 PM

Quote from: kraterion on August 30, 2017, 02:10:32 PM

I'm reading whitepaper and holy **** it's a bit too technical for me (and I guess for many other people too).
Someone can ELI5 to me what is an "accurate risk score algorithm" ?

It is a way to calculate somebody's credit score. The credit score you have influences for instance if you want to get a mortgage. And most companies base your credit score on inaccurate data. Having a algorithm that can give an accurate credit score is important for consumers, but also very important for companies.

oh I see, and why they need a new token for that? Or they want to deploy their own blockchain and their own paypieVM ?

PayPie will be deployed on the ethereum blockchain. PayPie Platform tokens will be based on Ethereum ERC20 standard. PPP Token is the utility token which provides access to the PayPie platform for certain transactions and services. Each PPP Token grants the holder the right to access certain services including the purchase of invoices and access to credit histories of SMEs.

wonderfullife

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I start to see more and more projects around blockchain technology that are applicable in many sectors, such as accounting with PayPie, great to see one more project so

Soon industry and blockchain will be one. "Industchain" Tongue

mexi.db

full member

Activity: 532

Merit: 102

Quote from: FIEX on August 30, 2017, 04:13:46 PM

The whitepaper is very technical.
Not easy for everyone to understand all this.

Why not make a video where everything is explained how things will work. Let us see the platform.
This will attract more investors

and thats what this project needs!

There is a video on the landing page of the PayPie website that explains how it will work.
https://www.paypie.com/

Sharma

legendary

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GATCOIN : The New Currency Of Digital Marketing

Quote from: windreamteam on August 30, 2017, 06:05:02 PM

We know that most of companies are legit, so this kind of service that PAYPIE provides could help them to show that their company is clear and transparent but more interesting they will also be able to show everything if they wanna sell their company. A very good idea that is good for companies.

You are right.Paypie can bring blockchain to limelight with their unique blockchain accounting technology.Paypie will disrupt the accounting and financial industry

windreamteam

full member

Activity: 182

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We know that most of companies are legit, so this kind of service that PAYPIE provides could help them to show that their company is clear and transparent but more interesting they will also be able to show everything if they wanna sell their company. A very good idea that is good for companies.

Wapinter

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Hire me for Bounty Management

You can join Paypie official slack channel and ask any question to Paypie team members if you want quick reply

bitsurfer2014

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Activity: 924

Merit: 520

Quote from: Rigorous on August 30, 2017, 01:17:34 PM

One threat I could see is that (small) businesses don't want to adopt blockchain accounting, because they are afraid opening their books to prying eyes may harm their business. For example, if a retailer publishes their suppliers and wholesale prices, the competition may undercut them. Information about relations and prices may be invaluable, why give it away for free? To what degree will anonymization alleviate that threat while not hampering the feature set?

PAYPIE platform offers privacy protection mechanism as every transactions are encrypted and only important data are published. On the other hand, access to detailed financial data can only be granted by the company to lenders, auditors, regulators and managers as the need arises.

onlytemporary

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Activity: 420

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I am the original miningteam23

Does Paypie plan on expanding into the personal level credit risk analysis? I haven't seen this answered in the thread. Right now, it seems to be fully focused on B to B.

Seems like a great group of developers, experts and advisory council. Will keep an eye on this for sure.

Korsakopf

full member

Activity: 210

Merit: 105

Quote from: Heimer on August 30, 2017, 04:08:04 PM

Quote from: Korsakopf on August 30, 2017, 02:10:11 PM

That whitepaper is a real brain breaker. Where i live credit scores aren't really a (big) thing, but from i guess in countries like the USA it is very important. Seems like a good concept and if they really are the first in the sector, that;s a bit plus.

Can I ask where do you live? As far as I know credit scores are always something very important. Paypie concepts is very good and investing in it can provide nice return Wink

Netherlands. Maybe its cuz i never use credit cards Grin

Of course for buying a house they will check your income, but other then that i've never had any company ask/mention my credit score.

FIEX

sr. member

Activity: 630

Merit: 276

The whitepaper is very technical.
Not easy for everyone to understand all this.

Why not make a video where everything is explained how things will work. Let us see the platform.
This will attract more investors

and thats what this project needs!

Heimer

sr. member

Activity: 518

Merit: 250

Quote from: Korsakopf on August 30, 2017, 02:10:11 PM

That whitepaper is a real brain breaker. Where i live credit scores aren't really a (big) thing, but from i guess in countries like the USA it is very important. Seems like a good concept and if they really are the first in the sector, that;s a bit plus.

Can I ask where do you live? As far as I know credit scores are always something very important. Paypie concepts is very good and investing in it can provide nice return Wink

Elkmar

full member

Activity: 294

Merit: 100

Quote from: Smyak on August 30, 2017, 03:39:37 PM

Do you have any public demo of your "Over 50% of the platform is already built" ?

They had a previous platform : https://www.slickpie.com/ with a growing base of customer

It gives them financial data and I think it will be used as a base for the platform they develop.

Smyak

newbie

Activity: 7

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Do you have any public demo of your "Over 50% of the platform is already built" ?

niklasmato

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Activity: 616

Merit: 263

Quote from: bitsurfer2014 on August 30, 2017, 09:38:38 AM

Quote from: areschen on August 30, 2017, 09:24:01 AM

About the risk analysis ， is it use big data ？ but i dont know the relationship with blockchain

Yes it will use big data which resides inside the blockchain. Furthermore,the blockchain will be the immutable ledger for every transaction which occured in a company and is not in any way controlled by anyone as it is decentralized.

So if i understandit correctly, the blockchain that will be used will be the Ethereum one? Or do you plan making your own distributed blockchain?

Jay2408

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Activity: 518

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🚀🚀 ATHERO.IO 🚀🚀

Quote from: kraterion on August 30, 2017, 02:49:45 PM

Quote from: Korsakopf on August 30, 2017, 02:31:01 PM

Quote from: kraterion on August 30, 2017, 02:10:32 PM

I'm reading whitepaper and holy **** it's a bit too technical for me (and I guess for many other people too).
Someone can ELI5 to me what is an "accurate risk score algorithm" ?

It is a way to calculate somebody's credit score. The credit score you have influences for instance if you want to get a mortgage. And most companies base your credit score on inaccurate data. Having a algorithm that can give an accurate credit score is important for consumers, but also very important for companies.

oh I see, and why they need a new token for that? Or they want to deploy their own blockchain and their own paypieVM ?

As I understood it, with the PPL token you pay for getting access to the financial data, credit histories, etc. of SMEs and they can be used for trading invoices.

kraterion

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Activity: 616

Merit: 145

🚀🚀 ATHERO.IO 🚀🚀

Quote from: Korsakopf on August 30, 2017, 02:31:01 PM

Quote from: kraterion on August 30, 2017, 02:10:32 PM

I'm reading whitepaper and holy **** it's a bit too technical for me (and I guess for many other people too).
Someone can ELI5 to me what is an "accurate risk score algorithm" ?

It is a way to calculate somebody's credit score. The credit score you have influences for instance if you want to get a mortgage. And most companies base your credit score on inaccurate data. Having a algorithm that can give an accurate credit score is important for consumers, but also very important for companies.

oh I see, and why they need a new token for that? Or they want to deploy their own blockchain and their own paypieVM ?

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