AUDITCHAIN
The prevalence of cryptocurrency makes us consider ways and progress that will guarantee their openness to ordinary people. While the cryptocurrency market is in turmoil, the industry continues to build and move forward with exciting new developments. Organizing Auditors leads the development of the world's first decentralized sustainable audit and ecosystem of real-time financial reporting protocols for digital assets and company guarantees and disclosures. Oir aims to enable continuous external validation of company systems and controls, financial data, and disclosure control environments by the CPA and Chartered Accountants networks. DCARPE Alliance is a consortium of accounting, auditing, and financial reporting consisting of CPA, Chartered Accountants, enterprise software providers, and developers who contribute resources for development and encourage the adoption of the DCARPE Assurance and Disclosure Protocol. And we believe that Organizing Auditchain can strengthen it with a correct and reliable framework.
INTRODUCTION
What is AuditChain?
Auditchain is leading the development of the world's first ecosystem of continuous audit protocols and decentralized real-time financial reporting around the world for certification and disclosure of digital assets and enterprise. Auditchian enables continuous external validation of corporate control environments, financial data and information disclosure by a network of CPAs and chartered accountants.
DCARPE Alliance is a consortium of accounting, auditing and financial reporting composed of APC, chartered accountants, software providers and developers who contribute to the development and adoption of the DCARPE insurance and disclosure protocol . Auditchain enables companies to provide stakeholders with the highest levels of assurance through decentralized external validation based on consensus.
Auditchain proposes to embody an ecosystem comprising a blockchain protocol and an open source library of intelligent contracts for capturing, processing, auditing and reporting business data and performance data on a continuous basis in real-time as part of a permanent independent audit beyond the current accounts. and control standards. A presentation layer facing the public and / or based on the authorizations proposes to render in real time, at the closing of each block; balance sheet, income statement, cash flow statement and statement of changes in equity reporting that can go well beyond
the reliability of existing reporting standards.
Utility and description of AUDT tokens and AUDT fees
AUDT is the base currency or "utility tokens" used by users to access and pay for the Auditchain network services. The AUDT complies with the ERC20 standard and will be distributed as part of a token generation event ("TGE") to the first users of the Auditchain network. See "TGE Token Generation Event Conditions."
AUDT fees are units of value based on Auditchain Network and are indexed to the local currency of each jurisdiction. Transactions on the Auditchain network are paid using the fees of the AUDT, which are deducted from the wagered account.
When the Auditchain network is launched, the AUDT ERC20 tokens held by their holders will be exchanged for AUDT native network Auditt tokens and migrated to the network.
AUDT Token Economy
Subject to adjustments and protocol improvements, AUDT tokens will be purchased by each company. AUDT is used by each company to join Auditchain. The AUDT is deducted from each company's account to pay for the implementation, deployment of smart contracts, transaction validation, continuous audit and business development.
Supply of tokens
Auditchain is leading the development of the world's first ecosystem of continuous audit protocols and decentralized real-time financial reporting around the world for certification and disclosure of digital assets and enterprise. Auditchian enables continuous external validation of corporate control environments, financial data and information disclosure by a network of CPAs and chartered accountants.
DCARPE Alliance is a consortium of accounting, auditing and financial reporting composed of APC, chartered accountants, software providers and developers who contribute to the development and adoption of the DCARPE insurance and disclosure protocol . Auditchain enables companies to provide stakeholders with the highest levels of assurance through decentralized external validation based on consensus.
Auditchain proposes to embody an ecosystem comprising a blockchain protocol and an open source library of intelligent contracts for capturing, processing, auditing and reporting business data and performance data on a continuous basis in real-time as part of a permanent independent audit beyond the current accounts. and control standards. A presentation layer facing the public and / or based on the authorizations proposes to render in real time, at the closing of each block; balance sheet, income statement, cash flow statement and statement of changes in equity reporting that can go well beyond
the reliability of existing reporting standards.
Utility and description of AUDT tokens and AUDT fees
AUDT is the base currency or "utility tokens" used by users to access and pay for the Auditchain network services. The AUDT complies with the ERC20 standard and will be distributed as part of a token generation event ("TGE") to the first users of the Auditchain network. See "TGE Token Generation Event Conditions."
AUDT fees are units of value based on Auditchain Network and are indexed to the local currency of each jurisdiction. Transactions on the Auditchain network are paid using the fees of the AUDT, which are deducted from the wagered account.
When the Auditchain network is launched, the AUDT ERC20 tokens held by their holders will be exchanged for AUDT native network Auditt tokens and migrated to the network.
AUDT Token Economy
Subject to adjustments and protocol improvements, AUDT tokens will be purchased by each company. AUDT is used by each company to join Auditchain. The AUDT is deducted from each company's account to pay for the implementation, deployment of smart contracts, transaction validation, continuous audit and business development.
Supply of tokens
The DCARPE ™ implementation utilizes the self-audit situation of the blockchain with this expanded additional layer specifically for the development and deployment of decentralized enterprise applications designed to offer stakeholders the presentation of real-time financial, operational, development and network statistics that report each block reports.
The solution - Auditchain
Auditchain is developing automatic and decentralized digital audits in real-time companies, non-profits, and government. Auditchain is a blockchain where professionally certified auditors can run special audit nodes. The company's financial statement data is recorded in the Auditchain network in the near future. The external auditor then acts in the same way as an external Bitcoin or Ethereum blockchains validator and validates data externally for integrity and honesty. This assessment can then be accessed by third parties in real time through Auditchain's DCARPETM Explorer. DCARPE Explorer is an explorer block and corporate audit and reporting interface. The StreamingTM and AUDT AnalyticsTM Financial Reports are accessed via DCARPETM Explorer.
XBRL Extensible Business Reporting Language
The use of XBRL (18) is required and universally applied to all financial statements and reports forwarded to the SEC since 2009. Its usefulness has also been greatly expanded to include a wide variety of compliance reports .
Auditchain will include the implementation of an XBRL layer for internal corporate reporting and compliance, as well as a search and analysis tool. The implementation will provide researchers and stakeholders with the added benefit of configuring financial statement data to enable the automated generation of proprietary and thesis-based reports.
Immutability under real-time SOC certification, coupled with real-time presentation of financial statements, development statistics and network statistics, coupled with the implementation of XBRL, will allow for dynamic reliability and understanding of the performance of the organization. business, development and network. possible.
For more information:
Website: https://auditchain.com/
Facebook: https://www.facebook.com/auditchain/
Twitter: https://twitter.com/auditchain
Telegram: https://t.me/Auditchain_Community
AUTHOR:Chubylaw
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