PAYPIE PROJECT

PAYPIE PROJECT

Unknown 12:21 PM
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PAYPIE ANNOUNCES WORLD'S FIRST RISK SCORE ALGORITHM BASED ON BLOCKCHAIN DECENTRALIZED ACCOUNTING


PayPie: The world’s first decentralized accounting platform built on the Ethereum blockchain
introduces the most accurate risk score algorithm ever created.


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Why paypie
An outlook of the market opportunity
PayPie was developed by a Canadian company and created the first distributed accounting platform for businesses. The platform will understand the financial data in real time to achieve 100% accuracy of the credit risk score algorithm. This will be done by providing new and accurate ways to address fraud and inconsistencies in the risk assessment market.
The risk index analysis is at the core of most major sectors of the financial sector, such as financing, compliance, auditing, credit insurance and review. Trillions of market dollars are enormous, and almost all small and medium-sized businesses need to pass a risk score check at a given time. Despite the vast differences in value and corporate risk inconsistencies, third-party reviews are also challenging.

 The value of market risk to the business is absorbed by inconsistencies and inconsistencies that create challenges for third parties to examine. Fraud and data manipulation is one of the main symptoms of the panorama.
PayPie is creating the first decentralized accounting platform for businesses that will provide real-time insight into financial data to achieve 100% accuracy for a credit risk algorithm. This analysis will be conducted using a single ledger approach and will consider businesses’ all-time historical financial data to safeguard and transform the way credit risk is assessed by lenders, investors, banks and other financial institutions while building an entire blockchain-backed accounting ecosystem.
This paper gives an overview on how PayPie will enable live financial audit, end duplicate tasks, speed up credit approvals, and improve the overall credit scoring process by disrupting business accounting landscape.

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.

Product
PayPie is the definitive decentralized accounting platform for reliable risk score analysis.



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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