PayPie
Credit Risk Assessment Based on Blockchain Accounting
Overview
Symbol
PPP
ICO Price of Token
Start date
October 15, 2017
Closing date
November 15, 2017
Concept
PayPie brings ultimate trust and transparency to the financial markets by introducing the world’s first credit risk assessment based on blockchain accounting. The platform challenges Experian, Equifax, and TransUnion’s status quo by assessing businesses credit risk profiles through a built-in algorithm that accounts 150 data points from live financial data hashed on the Ethereum blockchain. PayPie is a faster, safer, and smart contract-powered credit scoring and lending platform for banks, lenders, and invoice factoring companies. The platform solves the problems of fraud and inconsistencies which exist in isolated accounting systems by allowing for real-time audit and analysis of financial statements on the blockchain. This analysis will be done using a decentralized single ledger approach and will consider the all-time historical accounting information of participating businesses to safeguard and transform the way credit risk is assessed by lenders, investors, and other financial institutions. All inputs will be bound to the blockchain in a triple entry accounting structure, which will secure the entire transaction-checking process generating reliable and unbiased data.
Links
Blog (link not available)
Reddit (link not available)
Github (link not available)
Bitcoin Announcement (link not available)
Discussion (link not available)
Interviews Link and Articles (link not available)
Smart Contract Address (link not available)
Team
Nick Chandi – Co-Founder and CEO
Jag Barpagga – Co-Founder and CIO
Ranica Arrowsmith – Advisor
Jack Shaw – Advisor
Gary Cokins – Advisor
Steven Sprague – Advisor
Yohan Varella – CMO
Bogdan Fiedur – Blockchain Expert
Rajeev Ranjan – Risk Management Advisor
Ben Samaroo – External Legal Counselor
Pardeep Kumar – Platform Dev. Manager
Sulabh Singla – Technical Lead
Technology
Blockchain
Country
