Review of Auditchain

Today the cryptocurrency market is in turmoil, the industry continues to build and move forward with very exciting new developments. Organizing Auditchain is a leader in developing the world’s first decentralized sustainable audit and ecosystem of real-time financial reporting protocols for digital assets and company guarantees and disclosures.

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Problems that occur at this time

There are some big problems that the system has right now. In the current scenario, real-time reporting will make life very difficult for auditors and companies. This will increase costs and require a large investment in human resources.

The most recent current from direct reporting is from banks, while Federal bank reporting manuals, banks are required to send funds from the frequency starting from every day to the year. Because of this and the technical expertise required to audit banks, audit fees are usually higher than other businesses.

Solution

Auditchain also proposes to be able to realize an ecosystem that includes blockchain protocols and open source libraries from smart accounting contracts that are sufficient to continue capturing, processing, reviewing and reporting company data and performance data in real time. Presentation layers that are public and/or permission based suggest rendering in real time at the end of each block; Balance Sheet, Profit and Loss Statement, Cash Flow and Changes in Shareholders’ Equity Reports that are able to surpass the reliability of existing reporting standards.

Auditchain leads the development of the world’s first decentralized continuous audit ecosystem and real-time financial reporting protocols to ensure the security and disclosure of digital assets and companies. Auditchian also provides continuous external audits from companies and control systems, financial data and information disclosure monitoring environments by certified accountant networks.

How AUDITCHAIN works ?

Consensus management:
Blockchain’s decentralized technology will allow many users to access real-time information without the risk of hacking or manipulating data.

Transaction transparent:
The continuous audit function allows you to audit and record open source business information that can be seen by each participant who considers it appropriate.

Automatic Audit
Self-monitoring also makes it easy to record, analyze, and verify real-time data using smart contracts. This function allows you to quickly recover information that can be used through professional auditor services.

Analysis of audit data in real time:
The AUDIT Analytical Console will execute commands to verify data and produce results using predetermined conditions determined by the platform.

Main advantages:

  • The AUDT token opens the most reliable and safe set of decentralized applications and networks.
  • Auditchain provides uninterrupted compatibility between private and public block chains.
  • AUDT opens network services that provide the highest level of transparency for investors.
  • Company rates can be reduced to zero by distributing subscription revenues and company participation in a decentralized trust ecosystem.

Detail Token

Audit tokens open a variety of applications and networks that are the most powerful and secure distributed from corporate guarantee and reporting services.

AUDT is a cryptocurrency or “utility token” used by users to access and pay for Auditchain Network services. AUDT is compatible with ERC20 and will be distributed in accordance with the token creation event (“TGE”) for early adopters of the Auditchain network. AUDT fees are units from based on the Auditchain Network and are pegged to local currency from each respective jurisdiction. Transactions on the Auditchain Network are paid using an AUDT Fee deducted from the account in the stake. After the launch of the Auditchain network, the AUDT ERC20 token held by the holder will be exchanged for the original AUDT network token and migrated to the network.

Token information

Token AUDT
Platform Ethereum
Type ERC20
PreICO price 1 AUDT = 0.10 USD
Price in ICO 0.2000 USD

Investment information

Min. investment 100 USD
Accepting BTC, ETH, USDC, EUR
Distributed in ICO 40%

Soft cap 200,000 USD
Hard cap 20,000,000 USD

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Roadmap

2nd Quarter – 2019
Launch of MVP & Token Generation Event

4th Quarter – 2019
Node Testing

2nd Quarter – 2020
MainNet Launch

3rd Quarter- 2019
Auditchain TestNet

1st Quarter- 2020
DCARPE™ Explorer xBRL™ Analytics

3rd Quarter- 2020
Commercial Launch

Team

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Advisors

 

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To find more relevant details please follow several sources for the following references:

WEBSITE: https://auditchain.com/
WHITEPAPER: https://auditchain.com/wp-content/uploads/2019/05/Auditchain-Whitepaper.pdf
FACEBOOK: https://www.facebook.com/auditchain/
TWITTER: https://twitter.com/auditchain
TELEGRAM: https://t.me/Auditchain_Community

Author

Forum Username : andal02
Forum Profile link : https://bitcointalk.org/index.php?action=profile;u=1566211
wallet address : 0x0e73B7eB5a98731e25fcCf33919cED46a7aE0e50

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Publication author

offline 13 hours

arma fahrudin

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Comments: 0Publics: 93Registration: 12-09-2018
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