The prevalence of the cryptocurrency allows us to look at ways and advances that guarantee your openness to ordinary people. As the cryptocurrency markets are in turmoil, the industry continues to build and move forward with exciting new developments. Organizing Auditchain is a leader in developing the world's first decentralized continuous audit and real time financial reporting protocol ecosystem for digital asset and enterprise assurance and disclosure. Oir's goal is to enable continuous external validation of enterprise systems and control, financial data and disclosure control environments through a network of CPAs and Chartered Accountants. The dcarpe Alliance is a consortium of CPAs, accountants, business software vendors and developers, which contributes resources to the development and driving adoption of the dcarpe Assurance and Disclosure Protocol. And we believe that the audichain organization can strengthen it with a proper and reliable framework.
Introduction of Auditchain
Self-auditing status of a distributed ledger and the validation of transactions first took place on January 4, 2009, with the start of the genesis block of the Bitcoin-blockchain. A continuous audit develops in theory and practice. His practice is mainly limited to internal reporting. The application of legally compliant accounting methods to transactions and reporting system risk controls that occur in most business processes is now theoretically possible simultaneously within and using configurable "Ricardian" smart contracts in a decentralized continuous audit environment according to the ssae 18 and IASe 3402 standards , Such contracts, as proposed in this paper, do not store value but execute orders.
Auditchain proposes to embody an ecosystem that includes a blockchain protocol and an open source library of accounting smart contracts sufficient to continuously capture, process, review and report on corporate data and performance data in real time. A public facing and / or permission-based presentation layer suggests rendering in real time at the end of each block; Balance Sheet, Income Statement, Cash Flow and Changes in Equity Report of Shareholders who are able to outperform the reliability of existing reporting standards.
The dcarpe ™ implementation leverages the self-auditing state of a blockchain with these additional layers of extensibility designed specifically for the development and deployment of distributed enterprise applications that provide stakeholders with real-time presentation of financial, operational, development, and network statistics report every block report.
The solution audio track
Auditchain develops a real-time digital automated and distributed audit of companies, non-profit companies and governments. Auditchain is a blockchain where professional certified auditors can run specialized audit nodes. The company's year-end data is recorded in the Auditchain network in near real-time. The external auditors then act similar to the external auditors The Bitcoin or Ethereum blockchains and externally validate the data for integrity and veracity. These reviews can then be retrieved by third parties in real time via audio stores DCARPETM Explorer. The dcarpe explorer is a block explorer as well as an enterprise audit and reporting interface. Streaming Finance Pass and AUDT AnalyticsTM are accessed through dcarpetm Explorer.
This solves the two errors in the current audit methodology:
the certified professional auditors who run the nodes are not directly connected to the company you are auditing.
The company needs to customize its systems and provide real-time data from its internal systems, which removes the time that data can be changed.
AUDT Token
AUDITCHAIN - NETWORK ACCESS
The audt token unlocks a range of applications and the most robust and secure distributed network of enterprise assurance and reporting services.
AUDIT CHAIN NETWORK SERVICES
The audt token is the base currency and utility for enterprise application service, assurance, and disclosure payments. AUDT unlocks network services that provide investors and stakeholders with the highest levels of transparency at a fraction of the cost of traditional auditing and reporting.
INTEROPERABILITY OF THE AUDITCHAIN NETWORK
As a layer-two protocol, Auditchain provides seamless interoperability between private and public blockchains, enabling robust utility and nuclear settlement of trade debtors.
AUDT FEES
Corporate AUDT fees can be reduced to zero through subscription revenue and equity ownership in the decentralized trustless assurance ecosystem.
PREMIUM STAKEHOLDER ASSURANCE
AUDT enables stakeholders to unlock and view granular business audit analytics and financial performance details that provide the highest levels of business system visibility, control statistics, and real-time financial performance.
AUDT Token Economics
THE audt token is consumed by staking from companies, CPAs, Chartered accountants, enterprise software vendors and other service providers. Staking will encourage incentives to provide uninterrupted service and reduce the cost of network services and enforce a fair and balanced gamified token currency system.
AUDT is also maintained and consumed by subscribers to the dcarpe Explorers, who subscribe to a wealth of access to detailed digital asset and company accounts and audit analytics data. In addition, third-party service subscriptions enable the creation of dynamically updatable research reports on selected digital assets via the dcarpe Explorer.
The audt-token functionality provides the new decentralized corporate world. This is what drives the security of the modern enterprise, from initial certification through early detection and remediation to the disclosure of real-time financial and audit analytics with the highest integrity through consensus-based external business validation.
IEO Basics
ONLY 1,000,000 AUDT BE SOLD!
The token sale begins on June 14th and ends on June 24th.
Price: $ 0.20 USD
Tokens for sale: 1,000,000
Blockchain: Astralum: (ERC20)
Currencies: BTC, ETH, USDC, - EUR
Mandatory KYC
Restricted countries: US, Afghanistan, Cuba, Iran, Iraq, Libya, North Korea, Syria, Myanmar, China, Haiti, Liberia, Rwanda, Somalia, Sudan or the Democratic Republic of the Congo.
Token Generation
Event and Token Metrics Auditchain will conduct a token generation event ("TGE") totaling AUD $ 250,000,000, which will initially be launched on the Ethereum Network through the provision of an ERC20 Smart Contract. The TGE date has not yet been determined, but will be announced soon. A private sale is currently under way and starts at 25 ETH. Sign up for private sale here: https://auditchain.com/privatesale/
160,000,000 AUDT will be sold to early adopters,
25,833,333 will be assigned to the team [Sperrzeit]
up to 25,833,333 are allocated to advisers [retention period]
up to 25,833,333 will be allocated through partnerships
Up to 12,500,000 will be allocated in connection with our Bounty Promotion
Includes a total of AUD 60,850,000 distributed in connection with the Airdrop and early adopters related to private sales.
In addition to the initial audt-token supply and subject to block schedules, consensus proposals and enhancements, approximately 12,500,000 additional AUDT tokens are awarded annually for all Federated and Non-Federated Nodes, which is approximately 237 AUDT-tokens per block, depending on the block time.
Token Sales
For token sales, code repository integration, as well as network integration, it will be possible to provide real-time reporting of development statistics and network statistics for ongoing performance reporting and disclosure for token sales and token utility, respectively.
Public Advance Sales Start on November 15, 2018 at 9AM CET, (UTC + 1)
Release
Audichain wants to carry up to 42,685,499 passengers .996 AUDT after the TGE. A first impression of all AUDT balances in all Ethereum wallets is taken 60 days after the TGE from the last validated block, with the first Airdrop taking place 60 days after the first impression. Subsequent impressions and airdrops occur 90 days after the previous cycle. Final calculations and block height impressions will be announced before each event.
Smart contracts.
An open source library of smart contracts is being developed that includes a variety of GAAP, IFRS and Government Accounting and Audit Standard "GAAS" accounting treatment protocol and jurisdictional tax treatment protocol for all corporate transactions. Previous phase and venture-backed companies spend a high percentage of equity compensation and convertible equity accounting resources. Priority will be given to the development of a sample of Fas 123R accounting contracts in the context of equity-based compensation plans. In addition, convertible bond contracts under FASB ASC are also considered a priority for development. Read more in a whitepaper
The audt-token functionality provides the new decentralized corporate world. This is what drives the security of the modern enterprise, from initial certification through early detection and remediation to the disclosure of real-time financial and audit analytics with the highest integrity through consensus-based external business validation.
For More Information
Website : https://auditchain.com/
Facebook : https://www.facebook.com/auditchain/
Twitter : https://twitter.com/auditchain
Telegram : https://t.me/Auditchain_Community
Ann : https://bitcointalk.org/index.php?topic=5041997
Author
Bitcointalk username: Nangkarak
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2603367;sa=summary
Eth Address: 0x465c9DE6D9E8Fa18d2f82213299f94B7eE5319b5