Jul 24 2019
The audit chain is one of the blockchain systems that focused on the decentralized audit and reporting protocol. Learn more about the audit chain blockchain currency in here.
In recent years there are so many projects that strengthened its system by integrating with the blockchain technology that makes it in the digital sector business. The audit chain is one of the blockchain technology that becomes the perfect tool for you who seek protection like security, clarity, and validity in the field of the auditing process. The audit chain is designed to provide the user with the audit process in the continuous-time and have the frame of also decentralized the real-time financial reports. Explore more about the audit chain blockchain currency in this article information
The Highlight of AuditchainBlockchain
The self-auditing method on the distributed ledger and validation transaction is used on the genesis block on the bitcoin blockchain in 2009. This method, along with the continuous audit, is evolving into the various but specifically used for the internal reporting and. The Auditchain implemented this method in their blockchain system self-auditing state that has additional layers and high extensibility, especially for development and deployment of enterprise application. The audit chain offers the stakeholder with its real-time presentation format of the financial, operational, development, and network statistic report on its every block activities. For better knowledge of this blockchain currency platform, you can read it in the information down below.
The Overview of AuditchainBlockchain
- Auditchain Token Sales and Allocation
The audit chain currency that called AUDT toke is sales according to the code repository integration that goes along with the network integration that make the potential to the real-time reporting of development and network statistic. That aspect will be used in the process of the system performance, reporting and disclosure for the token utility and sales. The AUDT chain will be allocated with the proportional amount that includes 6% to the early contributor and adopters, 40% for the token sale, 18% for the airdrop, 10,3% to the advisor’s team, 10,3% to the partnerships, 5% to the bounties.
The AUDT blockchain has the unit value exchange in the Auditchain network, which is mean the AUDT creator and driver transactional economy will be the medium to generate the AUDT token value. The AUDT token is determined from the payment fee of the transactions, certification and computations.AUDT also have the local currencies for around USD 0001 that will be used in the validating non-federated node that applied in the US. Furthermore for the mining its use the proof of work and proof of stake consensus mechanism that will be allocated with the 42,5% to the block reward in the non federated nodes, 42,5% also will be given to the PoS miners, and 15% will be allocated to the audit chain affiliate partner that continued development of the Auditchain system and education to the Auditchain community.
- The Auditchain Project Scheme
RecentlY Audit chain is positioned on the 2nd quarter of 2019 that will include the launch of MVP & token generation event to invite the early participant. The 3rd quarter and four quarter will be the system tester moment that consists of the node testing and audit chain testnet. In 2020, the 1st quarter will be doing the DCARPE explore and xBRL analytic support feature to make the user easier to use the Auditchainblockchain system. The 2nd and 3rd quarter will be the main fixing net and official launch in every cryptocurrencies platform for the commercial purpose.
- The Auditchain Airdrop Mechanism
The audit chain also features with the proof of HODL airdrop that includes the drop of up to an amount of 45.000.000 AUDT token that divided on the four separate airdrops in the one year. The balance of AUDT tokens kept in the wallet that has identical in state and contains a higher amount of the consecutive blocks. Every AUDT block will be audited to verify there is no suspicious movement from any snapshot block and the airdrop, furthermore, any movement of the block in any amount will cause the disqualification of the Airdrop destination.
The airdrop will be distributed in the proportionate amount regarding their stake of the total amount of AUDT token that secures in the eligible wallets. The amount is calculated in the specific formula that includes the total airdrop amount that multiplied by AUDT number that provides by the adopter. Furthermore, it divided by the total number of the AUDT to receive airdrop equal to the number of Airdrops that will be received.
- The Auditchain Airdrop Amount and Distribution Schedule
The audit chain will be held in the token generation event that will provide the total of 250,000,000 AUDT tokens that initially will be launched on the Etherum network platform that also features with the deployment of the ERC20 smart contract. The total of the 100,000,000 AUDT will be sold to the early adopters and 45000,000 that will be allocated on the proof of HODL platform. The airdrop allocation consists of 25,833,333 that will be given to the team, the advisors, up from the amount to be allocated to the partnership, 15,000,000 will be allocated to the initial adopters and 12,500,000 will be allocated for the prize campaign.
- The Auditchain Protocol
The audit chain has a continuous and reporting system that runs continuously with the real-time financial condition that designed for enterprise assurance, digital asset, and disclosure. The audit chain provides external validation of the enterprise control and system, financial data, and disclosure control that running by expert CPA and chartered accountant. The protocol also features with the enterprise software and technical team that contributes to the resources of the development and DCARPE assurance for disclosure protocol. Furthermore, the audit chain also makes the enterprise have high levels of assurance through the consensus-based on external validation.
- The Auditchain Network Framing
The network framing to access the audit chain token and system use suite application and the most secure decentralized network that use by enterprise to reporting services and assurance. Furthermore, the audit chain also offers two layers of protocol that functioned the interoperability system between public and private blockchains that make the atomic settlement and perfect utility for trade payables. The audit chain blockchain is featured with the non-federated nodes that will be used to operate the node and mine AUDT. Furthermore, the nodes also provide the minimum level of the service network and stake AUDT that have the position as the collateral to participate.
The network also includes the participation of members of the accounting, financial reporting, investment community. As the fact of the conditional upon the regulatory clearance enterprise user may also recognizable to deploy and operate the nodes that can make offset the costs of the network service usage. The node can make you earn AUDT token that comes from mining and perform the following services that include in the strict SSAE18(12) and ISAE 3402 standard. The service is consist of the monitoring and validation of all the transaction, monitoring and validation of all the smart contracts, monitoring and validation of all blocks, monitoring and validation of all user installation and expansion, supervision and validation of remediation, enforcement of consensus, notification of user non-compliance.
- The Auditchain Economy Assurance
The AuditchainBlockchain currency offers you the functionality of the new decentralized assurance and disclosure. This functioned to make the transparency of the modern enterprise user with the initial certification, remediation and early detection for the financial reporting to the highest levels of economy assurance through the decentralized enterprise external validation. The AUDT system enables the stakeholders to unlock and access scheme of enterprise audit analytics and financial performance report that provide the highest levels of the transparency enterprise system and statistic control with the real-time of financial performance.
The AUDT platform applied with the traditional audit methodologies and process for its digital assets continuously. The audit chain also proposes the expert team to conduct and check Auditchain system to do external enterprise validation in the real-time condition by the network. The Auditchain system fee for the enterprises can be reduced to the zero by using the subscription revenue sharing and enterprise participation of the decentralized and trusted digital economy assurance ecosystem.
The Auditchainblockchain currency considers as the DCARPE list of assets and with the ERC20 smart contract, this blockchain will move out to create a total of 250,000,000 Auditchain tokens that will be launched o the ethereum network. The Auditchainis consider as the highly secure and also valid environment for decentralized consensus audit system. The Auditchain is the multi-benefit blockchain system that allows the user to get a real-time financial report that includes the validity, reliability, and transparency of the auditing process in the integrated network and secure with the blockchain technology. For further information and join the campaign to get free Auditchain token you check out the community link below.
Ann Thread https://bitcointalk.org/index.php?topic=5152521.0
Posted by kurniawan05