Auditchain - Decentralized Continuous Audit & Reporting Protocol Ecosystem™(AUDT)
Token/Symbol
AUDT
Type
ERC20
Platform
Ethereum
Accepting
ETH
Token Count
250,000,000
Price
1 AUDT = $0.10

Decentralized Continuous Audit & Reporting Protocol Ecosystem™

The reporting and disclosure framework for twenty first century business has arrived! Auditchain is the world's first decentralized continuous audit and real time reporting ecosystem for enterprise and token statistics disclosure. The science of continuous audit has been limited to enterprise internal audit and reporting up until now. Auditchain enables enterprises to provide stakeholders and regulators with the highest levels of audit assurance through decentralized consensus based audit procedure under the DCARPE™ Protocol.

Driving the New Trustless Assurance Economy

The AUDT token functionality powers the new decentralized enterprise world. It's what drives assurance of the modern enterprise from initial certification, early detection and remediation to financial and token statistics disclosure in real time with the highest levels of trustless assurance through decentralization. Wanna take a ride?

AUDT Token

AUDITCHAIN NETWORK ACCESS

AUDT tokens unlock the most robust and secure decentralized network of enterprise and trustless assurance services.

AUDITCHAIN NETWORK SERVICES

AUDT tokens are the base currency for enterprise services and trustless assurance payments. AUDT unlocks the highest levels of transparency and assurance for investors and stakeholders through decentralized trustless audit and disclosure automation at a fraction of the cost of traditional audit and reporting.

AUDITCHAIN NETWORK INTEROPERABILITY

Seamless interoperability between private and public blockchains enable robust utility and atomic settlement.

AUDT FEES

AUDT Fees for enterprises can be reduced to zero through enterprise participation in the decentralized trustless assurance ecosystem.

PREMIUM STAKEHOLDER ASSURANCE

AUDT enables stakeholders to unlock and view highly granulated enterprise audit and performance analytics that provide the highest level of transparency from enterprise system and control statistics to real time financial performance.

Token Generation Event

TERMS OF TGE

Auditchain will be conducting a token generation event, (“TGE”) of a total of 250,000,000 AUDT which will initially be launched on the Ethereum network through the deployment of an ERC20 smart contract.

160,000,000 AUDT** will be sold to early adopters, 25,833,333 will be allocated to the team, up to 25,833,333 will be allocated to advisors, up to 25,833,333 will be allocated in connection with partnerships and up to 12,500,000 will be allocated in connection with our bounty campaign.

AUDT will used by adopters to consume granulated levels of financial data and audit analytics published by enterprise adopters of the DCARPE™ Protocol through the DCARPE™ Explorer.

Auditchain will be publishing its own Streaming Financial Statements™ through the DCARPE™ Explorer during and after the TGE on the Ethereum network. Stakeholders will be able to purchase subscription levels to financial data such as real-time rollups to financial statement line items.

We expect to exchange AUDT held by users and migrate the Auditchain platform from the Ethereum blockchain to the DCARPE™ Protocol after the launch.

*Upon launch of the DCARPE™ Protocol, 12,500,000 additional AUDT will be emitted annually in connection with rewards. Annual reward amounts are approximate and are dependent on actual block times.

**Includes a total of 60,850,000 AUDT to be distributed in connection with the Airdrop and to early adopters.

AIRDROP TERMS

Auditchain intends to make four Airdrops to contributors of up to a total of 42,685,499.996 AUDT following the TGE. An initial impression of all AUDT balances in all Ethereum wallets will be taken from the last block validated 60 days following the TGE, with the first Airdrop happening 60 days after the initial impression. Subsequent impressions and Airdrops will take place 90 days after the previous cycle. Final calculations and block height impressions will be announced before each event.

AIRDROP ELIGIBILITY CONDITIONS

  • Wallet addresses must contain a balance of AUDT at the time of the impression.
  • The balance of AUDT contained in each wallet address must be equal to or higher in quantity and identical in state to the impression for each consecutive block after each impression to qualify for each Airdrop.
  • All contributors are eligible for the Airdrops. This excludes the team, advisors, and partners

AIRDROP ALLOCATION CALCULATION

Each Airdrop will be distributed to eligible wallets which will receive an allocation of AUDT proportionate to their stake in the total amount of AUDT held by eligible wallets. This will be calculated using the following formula:

ALLOCATION = Airdrop Amount*Number of AUDT Held by Contributor/Total Number of AUDT Held


Team


Jason Meyers 

Founder

Jason Meyers has broad based investment banking and venture capital experience. Having served for 30 years on the sell side, buy side and the issuer side, Jason brings a significant amount of real world use case and business experience to the Blockchain space. Jason led hundreds of initial public offerings, secondary offerings and private placements in a broad range of industries including biotech and healthcare, technology, software and financial services. Jason founded Vestcomp Ventures, in 2012 and focuses exclusively on the incubation and acceleration of Blockchain and Distributed Ledger Technologies. Jason founded one of the first FinTech investment banks in 2006. He built the world’s first regulatory compliant multi-jurisdictional automated equity compensation plan administration infrastructure platform. His clients included Facebook, Kayak, Steve Madden, Rowan Cos and SIMS Metal Management. Jason also built one of the first automated quantitative fundamental research platforms which provided actionable research on over 11,000 public companies around the world. Jason has chaired audit committees for private and public companies. His experience lends a substantial amount of insight into the architecture of AuditChain. Jason Co-Founded AuditChain in April of 2017 as the result of a long and extensive observation of what he believed to be significant deficiencies in traditional standard accounting and audit practices. Jason believed that the field of accounting, audit and financial statement presentation was a sitting duck for disruption when he first read Ian Grigg’s theory of triple entry accounting. Jason spends a significant amount of his time examining the complexities, dislocations and time lag between transaction occurrence, recording, treatment and reporting. His findings are shaping the architecture of solutions that he believes will lead to new standards of transparency and frequency of reporting in the field of accounting, audit and disclosure.


Chris Danusiar

Chief Executive Officer

Chris Danusiar serves as Auditchain’s newly appointed CEO. Mr. Danusiar (dah-nú-shar) is a highly-regarded business, technology and global transformation leader. Chris has been a high performing team leader who has flourished in increasingly senior global executive positions in all five of the Big4 Professional Services firms for the last 25 years. Chris’s career started with Arthur Andersen, now Accenture, as a technology consultant. He joined KPMG Consulting to lead their technology transformation and separation from KPMG in the Americas, concluding his tenure as CIO of the Americas, having helped the IT organization’s rank to top 50 from a position of 236 in the InformationWeek 500. From there he pioneered emerging global professional services technology disciplines of Strategy and Innovation at PwC, reporting to the Global CIO. His responsibilities included leading the collaboration between PwC’s Center for Advanced Research in San Jose, CA and the Global IT team in Tampa, FL where early advances in detecting fraud and the origins of their audit analytics technology utilized today were created. As a global technology leader at Deloitte, Chris spent two years in Princeton, NJ leading and delivering the global technology infrastructure and deployment of the Deloitte Audit EMS, CMS, and Technical Library solutions in close collaboration with the Deloitte top 9 Country CIOs. Chris has completed his career in the Big4 with EY – hiring, inspiring, and leading industry leading a team of a total of over 800 assurance technology professionals to build and deliver the world’s first and only truly global Digital Audit ecosystem, EY Canvas, fully utilized in 150+ countries worldwide less than 3 years from commencement of the global transformation initiative. The satisfaction of stakeholders, clients, EY personnel and partners as well as regulators in the results of the work of Chris’ teams is unprecedented for such a massive, high risk technology endeavor. In addition to his engineering and MBA degrees he graduates from University of Oxford’s Saïd Business School in October 2018 with a Post Graduate Diploma in Strategy and Innovation – and brings with him access to their world class alumni, research, analysis, and faculty expertise to keep Auditchain on the forefront of innovation. Chris brings great depth of technology, regulatory, audit and assurance, innovation experience, talent selection and leadership to the Auditchain team. Strategy expertise and a passion to collaborate, innovate, pioneer, inspire, and succeed will help drive Auditchain to realize its vision for the future of assurance.


Touradj Ebrahimi 

Director of Organizational Standards Development and Relations

Touradj EBRAHIMI is Director of Organizational Standards Development and Relations within Auditchain. He received his M.Sc. and Ph.D. degrees from the Swiss Federal Institute of Technology (EPFL), Lausanne, Switzerland, in 1989 and 1992 respectively. In the past he was a research engineer at the Corporate Research Laboratories of Sony Corporation in Tokyo, Japan, where he conducted research on advanced video compression techniques for storage applications. He also served as a research consultant with AT&T Bell Laboratories in New Jersey, USA, working on very low bitrate video coding. He was an adjunct professor with the Norwegian University of Science and Technology (NTNU) and involved in its Centre of Excellence on Quantifiable Quality of Service (Q2S). Touradj is currently a Professor at EPFL heading its Multimedia Signal Processing Group and involved in various aspects of multimedia signal processing including coding, analysis and security. He is also the Convenor (Chairman) of JPEG standardization Committee behind the well known format of the same name. Touradj has been involved in several key standardization activities such in MPEG for video coding. JPEG for image coding, ECMA for multimedia, DMP for digital content governance and ITU-T for multimedia communication. Beside his many key technical contributions to the above standards, Touradj has assumed and continues to play leading roles in chairing various activities in many of the above standard organisations. Touradj represents Switzerland in several ISO, IEC and ITU-T standard organisations including in the JTC1 Advisory Group on information technology, in SC29 on multimedia information, in TC307 on blockchain and in ITU-T SG12 on performance, QoS and QoE. He has initiated more than two dozen National, European and International cooperation projects with leading companies and research institutes around the world. He was a co-founder of Genista SA, a high-tech start-up company in the field of multimedia quality metrics. He founded Emitall SA, a start-up active in the area of media security and surveillance. He was also a co-founder of EMITALL Surveillance SA, a start-up active in the field of privacy and protection. He is or has been associate Editor with various IEEE, SPIE, and EURASIP journals, such as IEEE Signal Processing Magazine, IEEE Multimedia Magazine, IEEE Trans. on Image Processing, IEEE Trans. on Multimedia, EURASIP Image Communication Journal, EURASIP Journal of Applied Signal Processing, SPIE Optical Engineering Magazine. Touradj is a member of Scientific Advisory Board of various start-up and established companies as well as research organisations in the general field of Information Technology. He has served as Scientific Expert and Evaluator for Research Funding Agencies such as those of the European Commission, The Greek Ministry of Development, The Austrian National Foundation for Scientific Research, The Portuguese Science Foundation, as well as a number of Venture Capital Companies active in the field of Information Technologies and Communication Systems. His interests include visual information (image, video, 3D) processing and coding, security (digital trust, rights protection, conditional access, watermarking, authentication, data integrity, steganography), quality of experience, and human computer interfaces (smart vision, brain computer interface, IoT and wearable technologies). Touradj is the author or the co-author of more than 200 research publications, and inventor of more than a dozen patents.


Stuart Haber Ph.D. 

Chief Scientist

Dr. Haber serves as Chief Scientist for Auditchain. As a young cryptographer at Bellcore (Bell Communications Research), in 1990 Dr. Haber co-invented the blockchain technique for ensuring the integrity of digital records. He was cofounder with Scott Stornetta of Surety, which was spun off from Bellcore in 1993. Surety offers digital time-stamping services and is the first commercial deployment of a blockchain. Dr. Haber’s work in cryptographic time-stamping was later adopted by Satoshi Nakamoto as the basis for the creation of Bitcoin. See references 3, 4 and 5 in the bibliography of “Bitcoin: A Peer-to-Peer Electronic Cash System”. Dr. Haber’s work has bridged pure research and practical cybersecurity over the course of a 30-year career spent both at large established companies such as Hewlett Packard Enterprise, HP Labs and Bellcore as well as at startups such as InterTrust and Surety. Dr. Haber served on the Board of Directors of the International Association for Cryptologic Research (IACR) from 2004 through 2011. The IACR, “a non-profit scientific organization whose purpose is to further research in cryptology and related fields”, organizes the premier technical conferences and journal in the discipline. Dr. Haber received his B.A. from Harvard University and his M.S. from Stanford University, both in mathematics, and his Ph.D. in computer science from Columbia University. He has lectured, published, and received patents on several practical and theoretical aspects of cryptography and computer security, on algorithms, on the theory of computing, and in electrical engineering. In addition to his continued work on blockchain techniques, Haber’s research has included multi-party computation, redactable digital signatures, and CAPTCHA-based authentication techniques. His Erdös number is 2.


Bogdan Fiedur 

Full Stack Developer

Bogdan is a full stack developer and entrepreneur. Since the beginning of 2016 he has been engaged in “Smart Contract” design and implementation for Ethereum, using Solidity. He is knowledgeable in all aspects of e-commerce development, back-end and front-end. Bogdan is experienced in configuring and operating network environments. He has supervized teams of developers, preparing technical design documents, preparing testing plans and integrating existing applications with newer technologies. He brings with him over 18 yrs of experience in providing online solutions mostly in the domain of online advertising and social networking and 24 years total IT experience.

Roadmap

  • 4TH QUARTER - 2018


    Launch of MVP &

    Token Generation Event

  • 2ND QUARTER - 2019


    Node Testing

  • 4TH QUARTER - 2019

    MainNet Launch

  • 1ST QUARTER - 2019


    Auditchain TestNet

  • 3RD QUARTER - 2019


    DCARPE™ Portal

    xBRL™ Analytics

  • 1ST QUARTER - 2020


    Commercial Launch

White Paper

Investment Info
Accepting ETH
Token Info
Country Switzerland
Hardcap 59,220 ETH
Softcap
Token AUDT
Platform Ethereum
Type ERC20
Token Price 1 AUDT = $0.10
Token Count 250,000,000
Schedule
Pre-Sale Start Date 2018-November-15
Pre-Sale End Date
Crowd Sale Start Date
Crowd Sale End Date

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