What is Auditchain?
- Auditchain is leading the development of the world’s first decentralized continuous audit and real time financial reporting protocol ecosystem for digital asset and enterprise assurance and disclosure. Auditchian enables continuous external validation of enterprise system and control, financial data and disclosure control environments by a network of CPAs and Chartered Accountants. The DCARPE Alliance is an accounting, audit and financial reporting consortium consisting of CPAs, Chartered Accountants, enterprise software providers and developers who are contributing resources to the development and driving adoption of the DCARPE Assurance and Disclosure Protocol. Auditchain enables enterprises to provide stakeholders with the highest levels of assurance through decentralized consensus-based enterprise external validation.
- Auditchain hopes to encourage adoption of the Auditchain Network through a combination of collaboration with Alliance and direct marketing to and early collaboration with the corporate community. Auditchain is being drafted as for proft GmbH based in Switzerland.
- Auditchain proposes to embody an ecosystem that includes a blockchain protocol and an open source library of accounting smart contracts sufcient to capture, process, audit and report enterprise data and performance data on a real time continuous basis under a continuous independent audit exceeding current accounting, audit and control standards. A public facing and/or permission based presentation layer proposes to render in real time, at the close of every block; balance sheet, income statement, cash fow and statement of changes in stockholders’ equity reports that has the capacity to far exceed the reliability of existing reporting standards.
Utility and Description of AUDT Tokens & AUDT Fees
- AUDT is the base currency or “utility tokens” that are used by users to access and pay for the services of the Auditchain Network. AUDT are ERC20 compliant and will be distributed pursuant to a token generation event (“TGE”) to early adopters of the Auditchain network. See “Terms of Token Generation Event “TGE”.
- AUDT Fees are Auditchain Network based units of value and are pegged to the local currency of each respective jurisdiction. Transactions on the Auditchain Network are paid for using AUDT Fees which are deducted from the staked account.
- Upon the launch of the Auditchain network, the AUDT ERC20 tokens held by holders will be exchanged for native Auditchain network AUDT tokens and migrated onto the network.
Driving the New Trustless Assurance Economy
- The AUDT Token functionality powers the new world of decentralized assurance and disclosure. It’s what drives transparency of the modern enterprise from initial certification, early detection and remediation to financial reporting in real time with the highest levels of assurance through decentralized enterprise external validation.
AUDT Token
- AUDITCHAIN NETWORK ACCESS: The AUDT Token unlocks a suite of applications and the most robust and secure decentralized network of enterprise assurance and reporting services.
- AUDITCHAIN NETWORK INTEROPERABILITY: As a layer two protocol, Auditchain provides seamless interoperability between private and public blockchains which enables robust utility and atomic settlement of trade payables.
- AUDITCHAIN 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 the highest levels of transparency to investors and stakeholders at a fraction of the cost of traditional audit and reporting.
- AUDT FEES: AUDT Fees for enterprises can be reduced to zero through subscription revenue sharing and enterprise participation in the decentralized trustless assurance ecosystem.
- PREMIUM STAKEHOLDER ASSURANCE: AUDT enables stakeholders to unlock and view granulated enterprise audit analytics and financial performance detail that provide the highest levels of transparency from enterprise system and control statistics to real time financial performance.
Initial Exchange Offering
TOKEN ALLOCATION
TERMS OF TGE
- Auditchain will be conducting a token generation event, (“TGE”) of a total of 250,000,000 AUDT which will initially be launched on the Ethereum network through the deployment of an ERC20 smart contract.
- A total of up to 100,000,000 AUDT will be sold to early adopters, 45,000,000 will be allocated for the “Proof of HODL” Airdrop, 25,833,333 will be allocated to the team, up to 25,833,333 will be allocated to advisors, up to 25,833,333 will be allocated in connection with partnerships, 15,000,000 will be allocated to early adopters and up to 12,500,000 will be allocated in connection with our bounty campaign.
- AUDT will used by subscribers to consume granulated levels of financial detail and audit analytics published by enterprise adopters of the DCARPE™ Assurance and Disclosure Protocol through the DCARPE™ Explorer.
- Upon launch of the DCARPE™ Assurance and Disclosure Protocol, 12,500,000 additional AUDT will be emitted annually in connection with rewards. Annual reward amounts are approximate and are dependent on actual block times.
ROADMAP
TEAM
ADVISERS
SOCIAL NETWORK
- Facebook: https://www.facebook.com/Auditchain/
- Twitter: https://twitter.com/auditchain
- Telegram: https://t.me/Auditchain_Community
- Instagram: https://www.instagram.com/auditchain_official/
- Linkedin: https://www.linkedin.com/company/auditchain/
- Reddit: https://www.reddit.com/r/Auditchain/
More Information
- Website: https://auditchain.com/
- Whitepaper: https://auditchain.com/wp-content/uploads/2019/05/Auditchain-Whitepaper.pdf
Bitcointalk username: Andikey
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2397495
ETH Address: 0x5c8B477D91531E17D6A9A592C8AAe2247f2286a5