What is Auditchain?
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.
They believe that Auditchain currently enjoys the advantage of being the first mover as a decentralized sustainable audit and ecosystem reporting protocols for corporate networks and decentralization.
Auditchain hopes to generate revenue through receipt of fees in connection with services and transactions on the Auditchain Network. Although it is too early to project income levels and the magnitude of growth, they believe they can draw a preliminary comparison. Typical Fortune 100 companies generate more transactions per minute than all transactions combined with a per minute basis based on Ethereum and Bitcoin Blockchains.
They believe that blocking prizes and AUDT Fees on the Auditchain Network have the potential to exceed the level of all transaction costs on a per block basis rather than the two largest public blocks with one large company or 10 medium companies
Sample Problem that Auditchain is trying to solve
Here is one major problem that the current system has. In the current scenario, real-time reporting will make life very difficult for auditors and companies. This will increase costs and require large investments in human resources.
The best current example of direct reporting is from banks, while per Federal bank reporting manuals, banks are required to send funds from frequencies ranging from daily to annual. Because of this and the technical expertise required to audit banks, audit fees are usually higher than other businesses.
Solution
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.
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.
For More Information
Website: https://auditchain.com/
Bitcointalk profile https://bitcointalk.org/index.php?topic=5151587.0
Social Media:
Facebook: https://www.facebook.com/Auditchain
Twitter: https://twitter.com/AuditChain
Telegram community: https://t.me/joinchat/FhX6ikmW8NavlabJoMHhIA
Telegram announcement: https://t.me/AuditChain
AUTHOR: HAYZED8
ETH ADDRESS :0x35e29f9ddf79baad0cd41a8943d038bbed2ceceb
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