The world of modern business relations is teeming with a huge number of different enterprises, companies and organizations. Each of which has its own purpose and not all of it is useful. I think you are well aware of what I wanted to say, because not all companies are honest and open business processes, as well as not always plausible hand over their reports. To regulate the market from such "garbage" companies and organizations intends to audit system, both independent and generally accepted, which is carried out annually regardless of what country in the world you are.
Problems
But, as elsewhere in the audit system also has its shortcomings. And they are naturally associated to a greater extent with poor-quality verification of the same companies or any other organizations. It would seem that the system of this level, responsible for the quality and integrity of all documentary and legal processes of the business hierarchy, can not make mistakes, as each mistake can then cost too much money and other negative consequences. What is undesirable in the modern world, because without the quality of their proper obligations, entrepreneurs will be able to relax and not to conduct all their business clearly, structured and most importantly within the law.
However, as much as we would like the old principles of audit, become less effective and objective from year to year. That naturally has a cumulative effect, the consequences of which will soon fall on us from all sides. To prevent such an incident will allow a new decentralized project, which has found not only high-quality, but also a technological solution to all the above problems.
About the project
Called the project – Auditchain. The main principle of this project lies in the continuous audit analysis of the data of any enterprise or organization, processing and data collection of which is carried out directly with the help of built-in tools and blockchain technology. This technique will improve all existing accounting, as well as eliminate any human factor and related shortcomings and errors.
Thus, the full structure of the Auditchain project will allow you to check all the necessary documents of a project in real time, as well as to check its income, reports from the accounting Department and much more. Moreover, the whole procedure will be automatic, which will greatly save a huge amount of time and effort that was spent earlier in the classical audit systems.
Peculiar properties
Naturally, in order to qualitatively implement all the stated functions and processes, the founders of Auditchain in addition to the blockchain structure used a number of additional elements, including technologies such as Stack and smart contract.
If we talk about each of them in more detail, for example, thanks to the basic layers of Stack, there is the same public check of financial statements in real time. Providing at the same time full statistical reporting on each individual object to be checked. As for the smart contract, it will be developed according to all the rules of state accounting, as well as comply with the jurisdictional protocols and all related tax regimes.
Advantages
The main advantage of Auditchain over classical audits is the fact that absolutely all internal audit processes will be transparent, reliable and unchangeable. Here it will be impossible to forge reports, with regards to the inspection. Here it will be impossible to make this check biased or direct their feelings about the audited company whether the company in one direction or another. Here it is impossible to arrange data manipulation or hide real statistics, as most of the checks will be performed automatically by built-in algorithms.
This will naturally bring the entire structure of audits around the world to a new, better level. Depriving the chance to develop low-quality projects, companies or any other organizations. I look at this prospect positively, as it will simplify the life of not only all companies engaged in independent audit, but also entrepreneurs knowingly conduct their business processes honestly and openly. Depriving themselves of the opportunity somewhere to lie or deceive authorities.
In the framework of Auditchain structure, users can not only gets to audit the account, to statistical analysis, but also to pass various testing and digital certification of their sites.
Token
To monitor all current processes Auditchain system will enable the internal token AUDT. Moreover, its use will allow Auditchain system participants to purchase various packages of services available within the ecosystem. The token itself is developed on the basis of the Ethereum blockchain and belongs to the ERC-20 standard. The total offer of AUDT tokens will be only 250 million.
Conclusion
Analyzing the current situation of the entire audit market, we can safely identify Auditchain system as one of the most worthy of its kind. After all, its entire structure and available tools are aimed at doing their job efficiently, reliably and safely. What can not be said about the classic centralized manifestations of this direction. Moreover, as we know, many high-tech projects existing in this market offer their services at too high prices, which of course can not afford small and medium-sized businesses, as well as their colleagues.
So do not miss your chance to get acquainted with Auditchain in more detail. After all, I voiced only a small part of all its capabilities and features that it conceals in its large structure. And to make your acquaintance with it even more pleasant and interesting, I have prepared for you the entire list of official social resources Auditchain at the end of this article.
That's all I've got. Glad to introduce you to Auditchain and up to new meetings!
Official resources of the Auditchain project:
