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 th
Solution?
Auditchain proposes to create an ecosystem that includes a blockchain protocol and an intelligent open source accounting library that is sufficient to capture, process, audit and report on continuous company data and performance data continuously under an ongoing independent audit beyond current audits, audits and control the standard. Presentation-based layers face the public and / or permission proposes to make in real time, at the close of each block; balance sheets, income statements, cash and changes in shareholders’ equity reports that have capacities far exceeding the reliability of existing reporting standards. How’s this for technology?
Auditchain “AUDT” utility tokens?
AUDT is the cryptocurrency or the “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 making event (“TGE”) for early adopters of the Auditchain network. AUDT fees are units of value based on the Auditchain Network and are pegged to the local currency of each respective jurisdiction. Transactions on the Auditchain Network are paid using an AUDT Fee deducted from the account at stake.
After the launch of the Auditchain network, the AUDT ERC20 token held by the holder will be exchanged with the original Audtain AUDT network token and migrated to the network.
“AUDT” utility token supply breakdown?
The total supply of AUDT will be 250,000,000 which includes 160,000,000 to be sold in the TGE, 25,833,333 to be distributed to the team, 25,833,333 reserved and distributable to advisors, 25,833,333 reserved and distributable to partners and providers of applications and services to the Auditchain network and 12,500,000 reserved and distributable in connection
Website: https://auditchain.com/
Telegram: https://t.me/Auditchain_Community
Twitter: https://twitter.com/auditchain
Facebook: https://www.facebook.com/auditchain/
YouTube: https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw
Instagram: https://www.instagram.com/auditchain_official/
LinkedIn: https://www.linkedin.com/company/auditchain
Bitcointalk Bounty: https://bitcointalk.org/index.php?topic=5151587.0
user name bitcointalk: Mex89
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1153401
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 th
Auditchain proposes to create an ecosystem that includes a blockchain protocol and an intelligent open source accounting library that is sufficient to capture, process, audit and report on continuous company data and performance data continuously under an ongoing independent audit beyond current audits, audits and control the standard. Presentation-based layers face the public and / or permission proposes to make in real time, at the close of each block; balance sheets, income statements, cash and changes in shareholders’ equity reports that have capacities far exceeding the reliability of existing reporting standards. How’s this for technology?
Auditchain “AUDT” utility tokens?
AUDT is the cryptocurrency or the “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 making event (“TGE”) for early adopters of the Auditchain network. AUDT fees are units of value based on the Auditchain Network and are pegged to the local currency of each respective jurisdiction. Transactions on the Auditchain Network are paid using an AUDT Fee deducted from the account at stake.
After the launch of the Auditchain network, the AUDT ERC20 token held by the holder will be exchanged with the original Audtain AUDT network token and migrated to the network.
“AUDT” utility token supply breakdown?
The total supply of AUDT will be 250,000,000 which includes 160,000,000 to be sold in the TGE, 25,833,333 to be distributed to the team, 25,833,333 reserved and distributable to advisors, 25,833,333 reserved and distributable to partners and providers of applications and services to the Auditchain network and 12,500,000 reserved and distributable in connection
Website: https://auditchain.com/
Telegram: https://t.me/Auditchain_Community
Twitter: https://twitter.com/auditchain
Facebook: https://www.facebook.com/auditchain/
YouTube: https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw
Instagram: https://www.instagram.com/auditchain_official/
LinkedIn: https://www.linkedin.com/company/auditchain
Bitcointalk Bounty: https://bitcointalk.org/index.php?topic=5151587.0
user name bitcointalk: Mex89
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1153401
