What is Auditchain?
Auditchain hopes to encourage the 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 designed for proft GmbH based in Switzerland.
They believe that Auditchain currently enjoys benefits as a first mover as a continuous audit and ecosystem reporting protocol that is decentralized 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 attract an initial 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 gifts and AUDT Fees on the Auditchain Network has 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-sized companies.
Examples of Problems that are tried to solve Auditchain
This is one of the main 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.
Examples of the best direct reporting at this time are from banks, while per Federal bank reporting manual, 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.
Auditchain proposes to create an ecosystem that includes blockchain protocols and intelligent open source accounting libraries that are sufficient to capture, process, audit, and report ongoing company data and performance data continuously under ongoing independent audits outside the current audit , audit, and control standards. Presentation-based layers face the public and / or permission proposes to make in real time, at the close of each block; balance sheet, income statement, cash, and changes in shareholders' equity reports that have capacities far exceeding the reliability of existing reporting standards. How is this for technology?
Auditchain utility proof "AUDT"
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 according to the token creation event ("TGE") for early users 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.
Details of supply of "AUDT" utility tokens
AUDT's total supply will be 250,000,000 which includes 160,000,000 to be sold at TGE, 25,833,333 to be distributed to the team, 25,833,333 reserved and distributed to advisors, 25,833,333 reserved and distributed to partners and providers of applications and services to the network Auditchain and 12,500,000 are reserved and distributed in connection with the gift.
More info about AUDITCHAIN:
Situs web: https://auditchain.com/
Komunitas Telegram: https://t.me/joinchat/FhX6ikmW8NavlabJoMHhIA
Pengumuman Telegram: https://t.me/AuditChain
Username : erwin_ibrahim
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=1061924
Ethereum : 0x347A7A7dB223A23774375EFfB6b6e96c5Ac64C1c