Post
Topic
Board Tokens (Altcoins)
Re: 🌟🌟🚀 [ANN][ICO] PAYPIE 🌟🌟🚀 World’s First Blockchain Accounting Credit Score
by
Rigorous
on 18/09/2017, 21:00:42 UTC
Paypie uses the blockchain, and there is where all the date will be located, the blockchain is the most secure place to save big amounts of data, and it will be easy to implement, I imagine that the specific details will be shared among the clients, because it will be a little different for each company, because of the differences of businesses they may be in

I don't think that's completely correct. The hash of the transaction will be stored in the block chain but the document itself is stored in the distributed web through a technology called IPFS.

Here, I looked it up in the whitepaper.

An accounting transaction is based on the journal entry data that is tokenized, so each transaction has a unique identity visible on the blockchain with rest of the information published at IPFS.

Then my question is: how does PayPie make those documents anonymous?

We will also be able to anonymize financial data from many kinds of businesses

They still have to be stored somewhere in their original form before the process.