PayPie platform brings ultimate trust and transparency to the financial markets by introducing the world’s first risk score algorithm based on decentralized accounting.
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.
Technology
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.
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Team: Founders are accountants who know the industry in and out. Their connections in the sector are admirable. They have assembled a solid team behind them for platform development, marketing, etc. They certainly know what they are doing.
Vision: Being the worlds first risk and credit scoring algo based on blockchain technology is absolutely game changing. The immutability of smart contracts and blockchain will completely disrupt the accounting world.
Product: So far they have a working beta, and SMEs are signing up. Will update this score once the final product is released.
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