AUDITCHAIN - The Decentralized Continuous Audit & Reporting Protocol Ecosystem

- July 14, 2019

Auditchain is a decentralized accounting and audit real-time reporting platform that is supported by blockchain technology and smart-contract systems. Auditchain works just like an open ecosystem or open library that can capture, process, audit and report company data and performance data continuously in real time under an independent audit that meets regulations and even exceeds these regulations.

Auditchain has a system where the public can have access to view and identify a presentation that is rendered in real-time, where this presentation has various types of data relating to accounting such as cash, balance sheet, income statement, cash flow, and others. But the company has the authority to show or not show these data.

This is what makes Auditchain different from other accounting and audit platforms whose features are limited and sometimes unreliable.

Auditchain is designed using a smart-contract system which will record and store data and secure it. This smart-contract system is designed and developed by Auditchain which contains an implementation of various GAAP, IFRS, and Government Accounting and "GAAS" Audit Standards, accounting treatment protocols, and land tax treatment protocols for all company transactions. Thus users do not need to worry about their data stored on the Auditchain platform.

Auditchain has tokens named "AUDT Tokens". AUDT is a utility token that has a role as a currency used by users on the Auditchain platform to access various available features. This token has an Ethereum ERC-20 base, where security is not in doubt. Because as is well known that thousands of companies around the world use Ethereum ERC-20 as the basis of their tokens.

The plan is Audience will conduct a token generation event ("TGE") to crypto-enthusiasts and investors who are interested and want to invest their funds for this potential platform. You can read more information on the website auditchain

TOKEN ALLOCATION

Early Contributors & Adopters 6%
Token Sale 40%
Airdrop 18%
Advisors 10.3%
Team 10.3%
Partnerships 10.3%
Bounties 5%

Auditchain understand very well that accounting and financial audits of a company are the most important things for the sustainability of the company. With clear and reliable financial reporting, a company can determine their decision for the future. But unfortunately, the accounting and auditing market is now filled with large companies that are trying to reap profits from the current process. But the Auditchain is aware of this and intends to present a company accounting and audit reporting platform that is fully supported by blockchain technology and smart-contract systems. With this innovation, it is expected that companies, especially middle and small companies, can get access to corporate accounting and audit services that are more affordable, real-time, transparent, safe and reliable.