Auditchain is an Ethereum-based cryptocurrency that aims to provide transparency and real-time financial reporting to users. It believes in achieving this by leveraging blockchain technology and smart contracts. Auditchain aims to build a decentralized platform where enterprises can conduct real-time financial audits, validations, and reporting. It aims to eliminate manual errors and potential fraud in financial reporting by automating the process through blockchain.
With Auditchain, users can access real-time financial data and ensure the accuracy of financial reports. The platform plans to integrate external oracles and data sources to provide real-time market data and audits. Additionally, it intends to offer a range of features such as continuous audit, assurance and disclosure, audit analytics, and real-time testing.
The native cryptocurrency of the Auditchain platform is the AUDT token. It will be used to pay for services, access audit analytics, and incentivize users to participate in the ecosystem. The team behind Auditchain consists of professionals from the auditing, accounting, and blockchain industries.
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