AUDITCHAIN

in #auditchain5 years ago

Difficult it is to be an investor, given the financial situation and relationships in today's world. First, it is impossible to reach the correct financial data of companies wherever they are. Or it is likewise impossible to reach a source that can confirm how accurate the information you have entered is. Because independent audit reports belong to specific time zones, it is tough to confirm information outside those time zones. At the same time, such audits and audit reports are costly and time-consuming actions that do not have a guarantee.
Today I want to talk about the Auditchain project, which allows real-time auditing and reporting built on blockchain technology. Auditchain aims to create an ecosystem that includes an open accounting library of smart contracts created using blockchain technology. Allows businesses and investors to continuously and in real-time collect, process, control, and report corporate and performance data belonging to a company. Enable us to reach the actual status reports of the business, to check the current level of accounting and to high standards. Real-time income-expense flow, balance sheet information, changes in shareholder structure, and much other relevant information will be readily visible.
Auditchain has innovative stack technology and incorporates many layers. The underlying protocol layer includes several segments, such as the smart contract layer, application, and real control layers, financial control layer, and provides real-time audit report with the public reporting console. When validation is required, the console uses analytics to verify the results.
Third parties can access Auditchain's assessments and Auiditchain's DCARPETM Explorer in real-time. In addition to being a block Navigator, DCARPE is Auditchain's reporting and corporate audit interface. Audirchain's DCARPE application reports every block; it provides financial, operational, and network statistics indicate to stakeholders and investors. Information about financial flow is accessed through DCARPETM Explorer in AUDT Analytics. Ensures that there is a chance of a continuous independent audit, as well as increased standards for controlling and auditing existing accounting.
Auditchain enables decentralized auditing for nonprofits, governments, and corporations in real-time. It has developed a blockchain in which certified professional auditors can run a custom audit node. Thus all data streams of companies are recorded in real-time on the Auditchain network. External controllers confirm the integrity and accuracy of the data.
, a token called AUDT has been created. The AUDT token, which will be required for the implementation of all services on the platform, will be the necessary token of the platform. The AUDT token, which will be used in all the required operations, will provide the following essential benefits::

  • Provide secure reporting to third parties and businesses.
  • Offer and secure corporate solution payments.
  • To present audit and financial activity analyses to AUDT Token owners. Thus providing real-time transparency.
    • Provide full compatibility between public and private networks.
  • Transaction tariffs that exist for businesses can go down to meager prices, even to zero, when they join the Auditchain ecosystem.
    To summarize, Auditchain provides a solution to one of the essential points in the trading life. It allows for daily auditing and reporting of financial statements, allowing for transparency and trust-based transactions in this area. The solution to this situation, which is very important in the commercial space, will ensure safe trade. This situation, which will be beneficial for all companies in the future, helps create an environment that will enable profitable, financially stable companies to do their jobs efficiently. As the number of companies involved in the platform increases, the use of AUDT, the token of the platform, will increase and be valued.
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