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Paypie: The world’s first Blockchain-based risk scoring algorithm

Among the many viable developments based on blockchain technology is the creation of algorithms that facilitate risk assessment in the financial sector. 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 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 among the main symptoms of that panorama.

PayPie will bring the definitive answer to the unreliability of this fractured system with its unique risk algorithm. This algorithm is based on blockchain decentralized triple-entry accounting, which guarantees that the risk score is 100% accurate and fraud-proof.

Developed by a Canadian company, PayPie is creating the first decentralized accounting platform for business. The platform will give real-time insights into financial data to achieve 100% accuracy in the credit risk score algorithm. This will solve the ultimate problem of fraud and inconsistencies existent in the risk score market by providing a new and definitive way to conduct analysis.

This analysis will be done using a single ledger approach and will consider businesses’ all-time historical financial data to safeguard and transform the way credit risk is assessed with reliable results by lenders, investors, banks and other financial institutions while building an entire blockchain-backed accounting ecosystem:


The blockchain based single ledger accounting solution is going to open an abundance of opportunities for millions of businesses worldwide. PayPie will offer a disruptive environment, which will be beneficial to the outdated accounting workflow & process.

PayPie platform is created for participants of the lending & risk management & mitigation industry to get realtime credit risk analytics on a business and the core benefit to its users will be the ability to verify the full real-time financials of a company, which was not possible so far.

Some of the first opportunities found are: 1. Insurers – Sell insurance products to businesses 2. Opening peer-to-peer lending opportunities to small businesses.  3. Credit opportunities for banks, financial institutions, investors, invoice factoring companies 4. 3rd-party financial audit & review data, accounting firms, and Governments.

The PPP Token

PPP Token is the utility token which provides access to the PayPie platform for certain transactions and services. Paypie will offer PPP Token during crowdsale. PPP will be used to access certain services on the PayPie platform, including the purchase of invoices, access to credit histories of SMEs, access to PayPie Marketplace, the Risk Score Algorithm analysis, the financial audit of SMEs, and access the API. The ultimate total amount of tokens minted is 110,000,000. The crowdsale will be the first and only time that we will mint PPP tokens ever. The only currency accepted in the crowdsale will be ETH.

Token crowdsale

The PPP token crowdsale will satarts on October 15th, until November 15th, and will be the only time that investors and people will be able to buy PPP tokens ever. The Maximum Total Token Amount Dedicated for Crowdsale is 82,500,000 PPP. The rest are reserved for the team and reserve for the platform itself. If maximum Token Crowdsale amount is not entirely sold, the remaining will be allocated to platform reserves and used accordingly when needed. No extra tokens will ever be minted. The value is 1 PPP = 0.0011 ETH .

By now over 50% of the platform is already built, which comprehends the entire end-user accounting part of PayPie. The PayPie platform is scheduled to be officially launched in the first quarter of 2018. For more details you can see its whitepaper here.

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By Crypto-economy team.

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