Auditchain - Decentralized Sustainable Ecosystems Audit & Reporting

Auditchain hopes to encourage adoption of the Auditchain Network through a mixture of collaboration with Alliance and marketing to and early collaboration with the company community. Auditchain is being written as for proft GmbH based mostly in Swiss Confederation. They believe that Auditchain presently enjoys the advantage of being the primary mover as a localised property audit and system reportage protocols for company networks and decentralization.

Auditchain hopes to come up with revenue through receipt of fees in reference to services and transactions on the Auditchain Network. though it's too early to project financial gain levels and also the magnitude of growth, they believe they will draw a preliminary comparison. Typical Fortune a hundred firms generate a lot of transactions per minute than all transactions combined with a per minute basis supported Ethereum and Bitcoin Blockchains. They believe that interference prizes and AUDT Fees on the Auditchain Network have the potential to exceed the amount of all group action prices on a per block basis instead of the 2 massivest public blocks with one large company or ten medium firms

Solution

Auditchain is developing a digitally machine-driven and suburbanized audit in real time of firms, non-profits and governments. Auditchain could be a blockchain wherever skilled certified Auditors will run specialised audit nodes. The budget information of the corporate area unit recorded on the Auditchain network in close to real time. The external Auditors then act during a similar manner just like the external validators of the Bitcoin or Ethereum blockchains and outwardly validate the info for integrity and honesty. These assessments will then be accessed by third parties in real time through Auditchain’s DCARPETM human. The DCARPE human could be a block human in addition as Associate in Nursing enterprise audit and coverage interface. Streaming money StatementsTM and AUDT AnalyticsTM area unit accessed through the DCARPETM human.
It solves;

1. the certified skilled Auditors running the nodes aren't directly connected to the corporate they're auditing, providing Associate in Nursing unbiased read.

2. the corporate needs to adapt their systems and supply real time knowledge from their internal systems, that removes the time lapse during which they'll alter knowledge.
   

Utility of AUDT Tokens & AUDT Fees

AUDT is that the base currency or “utility tokens” that square measure employed by users to access and acquire the services of the Auditchain Network. AUDT square measure ERC20 compliant and can be distributed consistent to a token generation event (“TGE”) to early adopters of the Auditchain network. See “Terms of Token Generation Event “TGE”. AUDT Fees square measure Auditchain Network primarily based units valuable and square measure pegged to the native currency of every various jurisdiction. Transactions on the Auditchain Network square measure purchased victimisation AUDT Fees that square measure subtracted from the staked account. Upon the launch of the Auditchain network, the AUDT ERC20 tokens control by holders are changed for native Auditchain network AUDT tokens and migrated onto the network.

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Twitter : https://twitter.com/auditchain
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Ann : https://bitcointalk.org/index.php?topic=5041997

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