We will provide Article to present the "AUDITCHAIN" project to potential platform participants and those who are interested in contributing to its development. The information listed below may not be complete and does not imply any contractual relationship. The main purpose is to provide information to everyone, so that they can determine whether they are willing to analyze the intention of obtaining tokens or investments.
In simple words, an audit of any company or project is an independent assessment according to existing and generally accepted standards. They can also be checked how the team copes with its functions, how well the management processes are organized inside. If inconsistencies are identified, the auditor makes recommendations for elimination or improvement.
The audit process takes a lot of time, usually 2-3 weeks and you know it can affect the workflow and costs a lot of money. Every communication with employees is documented, discussed, problems are identified and ways to solve them. Innovative and rapid approach to finding optimal actions and solutions in real time without distracting many parts of the processes.
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The Auditchain project is a comprehensive project within the financial auditing industry which is not easily understood by outsiders. Below follows a very simplified and "ELI5" (explain like I am 5) explanation. Many questions, please read it carefully and multiple times!
Why is this important?
The most obvious reason is to maintain integrity. In 2018 alone, fraud is generated in the theft of over $ 7 Billion according to the ACFE. You can read the most recent report to the Nations. However, there is another important reason to change this process. As the world is available and services are available 24/7, the financial companies should also be available 24/7 for investors and shareholders. Investors, hedge funds, VCs and fund managers should be able to check the status of investments in ICO, IEO or in traditional ways. DIGITAL ASSETS NEED REAL TIME ASSURANCE AND DISCLOSURE! ITS UP TO EXCHANGES TO REQUIRE IT!
And the ideal solution for this project called Auditchain, let 's study it.
Auditchain - this is a decentralized platform that continuously collects reports, information from production, businesses, checks them and immediately issues verification protocols without intermediaries and third parties who might be interested in falsifying documents. This greatly speeds up the process of getting recommendations to improve performance and vision of the whole picture.
Companies will be no longer need to look for independent auditors who will not be aware of the results, professionalism and disclosure of confidential information to third parties. All this will be implemented on one platform and will be checked by the network of certified accountants.
The head of the auditors is DCARPE Alliance, which provides all necessary tools and assistance for the implementation of this protocol in businesses. AUDT Tokens will help create solutions to problems that are already beginning to slow down the process.
AUDT Token
AUDITCHAIN NETWORK ACCESS
AUDT Token opens the most powerful and secure set of applications and decentralized network companies guarantee and reporting services.
AUDITCHAIN NETWORK SERVICES
AUDT tokens are the base currency and utilities for enterprise application services, guarantee payments and disclosures. AUDT network services that provide the highest level of transparency and investors with small portion of traditional audit and reporting costs.
AUDITCHAIN NETWORK INTEROPERABILITY
As a two-layer protocol, Auditchain provides seamless interoperability between private and public blockchain that enables strong utility and atomic settlement of trade payables.
AUDT FEES
AUDT fees for companies participating in guaranteed revenue sharing and company participation without decentralized trust.
GUARANTEE OF PREMIUM STAKEHOLDER
AUDT allows stakeholders to open and view a detailed company audit and detailed financial performance that provides the highest level of system performance and controls to real-time financial performance.
METRIC TOKEN
- Heart: AUDT
- Token type: ERC20
- Price of personal-sales / pre-sale tokens: /0.1USD
- Receive: ETH
- Sales-personal / pre-sales bonus: no info / 30
- Prototype: NO
- Minimum pre / private hat sales:
- Price of bulk sales tokens: 0.15 USD
ALLOCATION OF TOKEN
1. Early Contributors and Adopters: 6%
2. Token Sale: 40%
3. Drop Water: 18%
4. Advisors: 10.3%
5. Team: 10.3%
6. Partnerships: 10.3%
7. Bounties: 5%
Proposed Roadmap
2 ND QUARTER - 2019
Launching
MVP & Token Generation Event
QUARTER 4: 2019
Testing node
2 ND QUARTER - 2020
Launch of MainNet
3 RD QUARTER - 2019
Auditchain TestNet
1 ST QUARTER - 2020
DCARPE ™ Explorer
xBRL ™ Analytics
3 RD QUARTER - 2020
Commercial Launch
Conclusion
The current market for accounting and audit software infrastructure is dominated by large scale enterprise resource planning systems. The majority of solutions are usually prohibitive for most small and medium sized enterprises.
The individual enterprise user cost to install and use the DCARPE ™ Network protocol software may prove to be substantially less expensive as a result of the Auditchain network. Additionally, the accessibility and scale of the DCARPE ™ architecture may theoretically accommodate any size of enterprise users
Depending on the number of Non-Federated nodes deployed by the enterprise, mining for AUDT may theoretically offset the entire cost of accounting, auditing, compliance and reporting obligations of the enterprise.
Financial markets will benefit through the reliability of immutability, real-time assurance, real-time financial performance and insights into the enterprise, development and network performance on a dynamic basis in a manner not possible.
Auditchain represents a substantial evolution towards accounting, auditing and reporting methods. Furthermore, early adopters may enjoy a competitive advantage through cost savings and capital attraction as the result of its implementation.
For More Information You Can Visit Link Below:
WEBSITE: https://auditchain.com/
TELEGRAM CHAT: https://t.me/Auditchain_Community
BITCOINTALK THREAD: https://bitcointalk.org/index.php?topic=5152521.0
FACEBOOK ACCOUNT: https://www.facebook.com/auditchain/
TWITTER URL: https://twitter.com/auditchain
Author: The.ojodumeh
My ETH: 0xdEC485bb3C3265A4CD296E132A59068eba3eD951
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