An outlook of the market opportunity
- The Market
Risk score analysis is at the core of most major industries within the financial sector, such as financing, compliance, auditing, credit insurance, and review. The market is enormous and nearly all SMEs undergo through a risk score check at a given time.
- The Challenge
Despite being vast, the risk score market for business is permeated with discrepancies and inconsistencies that create a challenge for the third parties vetting them. Fraud and data manipulation are between the main symptoms of that panorama.
- The Solution
Enter PayPie. PayPie will bring the definitive answer to the unreliability of this fractured system with its unique risk algorithm. This algorithm is based on blockchain triple-entry accounting, which guarantees that the risk score is accurate and fraud-proof.
- Blockchain Technology
PayPie is powered by Ethereum blockchain to create a decentralized public ledger that guarantees the authenticity of all past, present and future transactions on the platform.
- Triple-Entry Accounting
The platform will provide a new single ledger on the blockchain to create a solution that cryptographically seal all accounting entries and overcome shortcomings of the double-entry accounting.
- Risk Score Algorithm
As PayPie’s powertrain, the algorithm feeds reliable financial data from businesses and third party applications to marketplace players through the blockchain.