Auditchain – Decentralized Continuous Auditing & Reporting

in ieo •  5 years ago 

1.png

Agree that every time we contact any business, company or enterprise, it is important for us that their activities and services provided are reliable and safe. Of course not all of us think about it every time. But when it really takes a different course of events, we immediately begin to pay attention to some details and nuances, realizing that the essence of the problem lies in them.

Of course, in today's world, the role of the inspector is performed by a number of specialized bodies and structures whose main mission is to analyze the development of a business as deeply as possible, revealing its subtleties and nuances, as well as all kinds of defects and violations.
0.png

Problems

As you may have guessed, today we will focus on the urgent topic related primarily to the lack of reliable systems of audit. Why am I talking about absence when there are thousands of them all over the world?! Everything is very easy and simple. Let's imagine that you are a big businessman and you have a large international company at your disposal. Which must be audited annually for its further growth and development. But for some reason, you have a bad relationship with one of the representatives of the same audit and you have once again catch yourself thinking, and whether the current test will meet all norms and standards or acquire another "personal" character. Of course you, like any other adequate person, can not fully be sure that the test of his company will be engaged in specialists who do not experience biased attitudes and personal principles. So as fix this fact you not you can. Therefore, you have no other choice but to make up or turn to another audit company.

But again, all audit firms are centralized, which means that they are vulnerable, like any other financial bodies and banking structures. In most cases, their vulnerability borders on the storage and use of a large number of valuable data, access to which can be easily detected by any fraudster. That in the end can have a negative impact not only on the action of the company itself, but also all business partners cooperating with it. The solution of the data offers us a new decentralized project, whose essence is to eliminate all the negative factors and problems inherent in the classical audit companies by the blockchain network.
0.png

About the project and its features

As you know AuditChain is the project, whose decision had long been waiting for the whole world. After all, its formation began back in 2009, when only for the first time in the world people got acquainted with the decentralized blockchain technology and its unchanging distribution network. It was then that many audit professionals realized that this tool of our time will be useful in this segment of the market.

3.jpg

In fact, the AuditChain principle is based on simple, but very clear and safe actions. Since the structure of accounting allows you to control absolutely all elements of the system, as well as monitor their changes in real time. That once again confirms its effectiveness and transparency from all sides.

2019-06-17_15-18-24.png

Moreover, the AuditChain platform will contain the so-called auxiliary stack technology, the principle of which lies in the multi-layer protocols and their basic functionality. That is, in addition to blockchain technology and its smart contract, Stack technology will include its elements such as contracts from ERP audit and NODES reports, necessary for the public personification of the received statistics to the audience.
0.png

Advantages

It is important to note that these tools, functions and capabilities of the AuditChain platform can be easily demonstrated in the world of international enterprises. Where it is really time to bring order between all suppliers, employees, customers, regulatory bodies responsible for the high level of competence of the enterprise. To do this, in the very near future, the developers of AuditChain intend to start testing all their structures in practice in order to fix their advantages and fully demonstrate the successful implementation of their ideas.

In practice, this chain of actions will look as follows:

2019-06-17_15-16-08.png
0.png

Token

Of course, like any other blockchain platform, AuditChain also intends to use its internal token to regulate all internal processes of the system, as well as to allow everyone to acquire access to special services of the platform itself. Thus the owners of the token AUDT can at any convenient time to buy the desirable and sought after tools and features AuditChain and also pay various other fees that are present in the system. Simply put AUDT token is an internal unit of exchange having its own special power and value.

If we touch a little on the technical side of the issue, then the AUDT token will be developed on the basis of the Ethereum blockchain, a total of 250 million pieces. Most of the coins will be distributed among the development team, and reserved for further distribution of the AuditChain system and its partnership with other structures as the network scales.

The distribution of tokens is as follows:

2019-06-17_17-44-18.png
0.png

Conclusion

Summing up, I want to note the high potential of this structure, because at the moment there is no such alternative source of audit function which could meet all the standards and indicators stated in the regulations of the world. So AuditChain has all chances to occupy its leading position and proven its effectiveness for all participants.

Of course, in order to objectively form an opinion about the project, you will not have enough of my review. Therefore, I strongly recommend that you continue your pleasant acquaintance with AuditChain by means of its official documents and social resources, the links of which have been waiting for you at the bottom for a long time. And I perhaps that's all and see you soon!

111.png

Official resources of the Auditchain project:

WEBSITE: https://auditchain.com
TELEGRAM: https://t.me/Auditchain_Community
WHITEPAPER: https://auditchain.com/wp-content/uploads/2019/05/Auditchain-Whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5152521
FACEBOOK: https://www.facebook.com/Auditchain
TWITTER: https://twitter.com/Auditchain
MEDIUM: https://medium.com/@Auditchain
REDDIT: https://www.reddit.com/user/AuditChain
LINKEDIN: https://www.linkedin.com/company/auditchain
INSTAGRAM: https://www.instagram.com/auditchain_official/
YOUTUBE: https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw
SLACK: https://auditchain.slack.com
GITHUB: https://github.com/Auditchain/AUDT-Token-Contract

AUTHORSHIP:
MY BITCOINTALK USERNAME: klimenok1991
MY BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1238493
MY ETH ADDRESS: 0x90051516FC3451D7bF1b5e7D0A4486757FC81C32
UNIQUENESS 100%: https://text.ru/antiplagiat/5d07a9061852a

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Thanks for the review! I will look at the project

You're welcome! I hope the project will interest you!

I can say with confidence that investments in this project will bring profit very quickly and will provide investors with income for a long time

I think so! The project will definitely be successful!

In this project, I have no doubt, even bought a coin!

Wow! I am sure your investment will be successful!

The project is good, no doubt. I would like to see how they implement all this

The project really looks great! I think they will be able to realize all their plans!

One of the few projects that can be recommended to your friends and acquaintances

Yes, I completely agree with you!

As always available written, more would be such reviews, then less time would have to spend on their search

Thank you! I am very glad that you are interested in this project!

Recently began to study this project. I found it very interesting