VANCOUVER/BC, CANADA – March 2, 2018 – PayPie announced today that it joined the Enterprise Ethereum Alliance (EEA), the world’s largest open source blockchain initiative with over 400 member companies. PayPie joined EEA to enhance its contributions as a trusted leading enterprise in the blockchain industry and to support the adoption of Ethereum-based technology in the enterprise world.
As a member of the EEA, PayPie will collaborate with industry leaders to help spread the benefits of trust and transparency brought by the blockchain to industries worldwide. EEA’s membership represents a wide variety of business sectors from every region of the world, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, and insurance, as well as a number of fast-growing Ethereum startups. The EEA’s wide range of vendor-led, industry-specific application layer working groups and committees are committed to increasing the adoption of Ethereum technology in the enterprise.
“We are always searching for new ways of strengthening the blockchain technology community as a whole and of growing our own partnerships ecosystem with organizations that bring new synergies to the platform. The support for blockchain improvement and adoption must be constant to enable fintech companies like PayPie to expand and bring value to an ever-growing business audience eager for credit disruption,” said PayPie’s CMO Yohan Varella.
The PayPie platform brings ultimate trust and transparency to the business lending by introducing the world’s first blockchain powered credit risk assessment based on business 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 near real-time financial data-based risk scores hashed on the Ethereum blockchain, hence building a faster, safer, and smart contract-powered credit scoring for banks, lenders, and financial institutions. Furthermore, the platform will introduce its own invoice factoring marketplace in which SMEs and invoices will be rated by PayPie’s unique credit risk score for a trustworthy decision system. PayPie has launched its conceptual Alpha version in January 2018 and has scheduled to launch its Beta version at any time before the end of April 2018.
About The Enterprise Ethereum Alliance
The EEA is an industry-supported, not-for-profit established to build, promote, and broadly support Ethereum-based technology best practices, open standards, and open-source reference architectures. The EEA is helping to evolve Ethereum into an enterprise-grade technology, providing research and development in a range of areas, including privacy, confidentiality, scalability, and security. The EEA is also investigating hybrid architectures that span both permissioned and public Ethereum networks as well as industry-specific application layer working groups. EEA will collectively develop open industry standards and facilitate collaboration with its member base and is open to any members of the Ethereum community who wish to participate. This open-source framework will enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos and provide insight to the future of scalability, privacy, and confidentiality of the public Ethereum permissionless network.