PayPie Joins the Enterprise Ethereum Alliance

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.

About PayPie

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.

For additional information about PayPie, please reach out to [email protected] or visit paypie.com

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.

For additional information about joining EEA, please reach out to [email protected] or visit entethalliance.org

 

PayPie Credit Risk Assessment to Be Adopted by Debitum Network

PAYPIE CREDIT RISK ASSESSMENT TO BE ADOPTED BY DEBITUM NETWORK

VANCOUVER, Canada, February 9, 2018 – PayPie and Debitum Network announced today that the business credit risk assessment powered by blockchain technology provided by PayPie will be adopted by Debitum Network as its dedicated blockchain-based risk score provider for business loans exclusively for businesses in North America.

The PayPie and the Debitum teams have come to an agreement for developing a partnership with joint interests in expanding their array of benefits to broader audiences across platforms. Debitum’s CEO, Mārtiņš Liberts, said that “Debitum aims to tackle the SMEs global loan markets with constant focus on technology innovation and growth, and bringing the PayPie credit risk assessment to scrutinize businesses in North America and beyond will bring even more value to our users by granting additional trust and reliability for them to make better informed decisions.”

The partnership will involve joint efforts toward developing an integration between the platforms so Debitum Network users can directly access the PayPie scores from within the platform for greater convenience. PayPie PPP tokens will be needed for accessing the platform’s credit score, so PayPie and Debitum will agree on initially exchanging PPP tokens for Debitum DEB tokens to seed user adoption. Afterwards, PPP tokens should be directly used by Debitum users or by the Debitum platform for accessing the PayPie credit score and make it directly available through the platform. For that purpose, the Debitum Network may implement DEB to PPP exchange (automatic or manual) while any specific technical solution and integration will be designed on a later stage of the partnership. PayPie will have exclusive rights as being the only blockchain company to provide credit risk assessment and scores to Debitum and to its users and businesses in North America, while Debitum will retain the rights to provide credit risk data from other non-blockchain companies in addition to PayPie’s.

“Developing partnerships with fintech organizations such as Debitum is something that PayPie will constantly pursue as win-win synergies. Debitum users will be rewarded with the most accurate and up-to-date credit risk assessment available on the market through PayPie’s scores based on near real-time accounting data, while the PayPie platform will keep expanding its reach through new markets and audiences to solidify its unique value proposition. Interested parties are always welcome to reach us for the real business use cases in the credit industry”, said PayPie’s CMO, Yohan Varella.

ABOUT PAYPIE

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 DEBITUM NETWORK

The Debitum Network is an ecosystem for various SME loans in a decentralized manner that allows organizations and individuals to distribute available capital in SME loans. Debitum offers a hybrid solution – companies’ financing will be executed in fiat – and the platform aims to create a truly decentralized network via motivated communities so it can become a living ecosystem rather than just a mix of individual organizations trying to deal service in a pragmatic approach which works in the real life. Debitum has schedule to launch its first version on the Ethereum blockchain by September 2018.