AUDITCHAIN : A 21ST CENTURY AUDITING FRAMEWORK
Platform Overview
The reporting and disclosure framework of the 21st century is about to witness a strategic and drastic change. Auditchain is the first of its kind and a decentralized platform forged for the continuous audit and real time reporting ecosystem for all enterprise and token statistic disclosure. For a long time now the science of continuous audit has been restricted to the internal audit enterprise, but all that is changing now. Auditchain will be enabling enterprises to make available stakeholders and regulators with the highest level of audit competence through decentralized consensus based audit procedure under the DCARPE Protocol.
Problem
In the theoretical sense, it has been reviewed and estimated that the more an enterprise becomes bigger, complex and automated, it becomes higher the rate of anomalies using substandard audit assessments, so as to perform as a unit and this may likely lead to the ability to arrive at a fair representation of the system and data intergrity. Fraud and error has been able to be detected via the clues that anomalies provides. The end of a typical and comprehensive audit plainly leaves a statement by the auditor which is the opinions on the evidence of fair representations.
Solutions With Auditchain :
The Auditchain platform looks forward to creating an ecosystem that will include a blockchain protocol and this ecosystem will be an open source library for accounting smart contracts that are sufficient to capture,to process, audit and to report enterprise data and performance we information data that will take place on a real time continuous independent audit exceeding the current accounting, audit and control standards.
The public facing permission presentation based layer has promised to provide in real time at the close of every block, balance sheet, income statement, cash flow and statement of changes in the stockholders equity reports that has the ability to out speed the reliability of already existing reporting standards.
DCARPE
The first time self-auditing state of distributed ledger and validation of transaction took place on the 4th of January 2009, following the begining block of the Bitcoin blockchain. DECARPE alliance is a form of accounting , audit and financial reporting consortium that is made up of CPA's , chattered accountants, enterprise software providers and developers who are doing everything they will to contribute resources to the development and driving adoption of the DCARPE Assurance and Disclosure Protocol.
Auditchain will enable enterprises to make available stakeholders with the highest levels of assurance via decentralized consensus-based enterprise external validation.The New Assurance Economy
The main factor that drives the new world of decentralized assurance and disclosure is the functionality of the AUDT Token. It also brings about transparency in the modern enterprise from the initial certification, it constitutes for the detection and remediation of financial reporting in present times with the highest levels of assurance via decentralized enterprise validation.
AUDT Token
Features of AUDT Token
Auditchain network access : the AUDT token paves way to a suite of applications and the most gigantic and secured decentralization network.
Auditchain network services; it is the base of currency and utility enterprise application service, assurance and disclosure payments. it also unlocks network service that provides transparency to its investors and stakeholders at a fraction of the cost of traditional audit and reporting.
Audit network interoperability : Auditchain will be providing seamless interoperability between private and public blockchain which will enable a robust utility and atomic settlement of trade payable.
AUDT fees : Stakeholders are enabled to unlock and have a look of the granulated enterprise audit analytic and financial detail which will provide transparency from enterprise system and will control statistics to actual time financial performance.
Token distribution
Total number of token released 250,000,000
Sales for early adopters 115, 000,000
Proof of HODL, Airdrop 45,000,000
Team 25,833,333
Advisors 25,833,333
Partners 25,833,333
Early adopters 15,000,000
Bounty 12,500,000
Conclusion
AUDITchain is a platform is a platform that wants to bring auditing to the outside, since it has been limited to the inside for a long time now, Auditchain will be providing services that are highly trustable and reliable, making sure to boost the auditing enterprises, it will eliminate all sort of issues and problem in the auditing enterprise and cause a change, that will turn it all around, very soon there will be a different version to the story being told now about the audit enterprises.s
Useful Links
https://www.icoannouncement.io/listing/auditchain-audt
🌐 Website: https://auditchain.com/
📑 Whitepaper: https://auditchain.com/wp-content/uploads/2019/05/Auditchain-Whitepaper.pdf
📧 Telegram: https://t.me/Auditchain_Community
🕊 Twitter: https://twitter.com/auditchain
📘 Facebook: https://www.facebook.com/Auditchain/
📸 Instagram: https://www.instagram.com/auditchain_official/
📺 YouTube: https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw
🔗 LinkedIn: https://www.linkedin.com/company/auditchain/
🐣 Reddit: https://www.reddit.com/r/Auditchain
Authors Details
Bitcointalk username: kingairdrop
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1862137