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.
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.
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.
PayPie risk Assessment is powered by Ethereum blockchain to create a decentralized anonymized and encrypted public score that guarantees the authenticity.
As PayPie’s powertrain, the algorithm feeds reliable financial data from businesses and third party applications to marketplace players through the blockchain.
The platform will eventually provide a new ledger on the blockchain to create a solution that cryptographically seal all accounting entries to improve the accuracy of the credit risk assessment data.
*All software icons are shown for illustrative purposes only.