The Blockchain is evolving every day and every moment as we speak. There are currently hundreds of ICOs that are waiting for your investment and are getting ready to launch a brand new, exciting project. But, in order to find something remotely as sophisticated and advanced as the blockchain, let’s first see why the blockchain was created at all.
The blockchain technology is praised for its transparency and accountability. These two elements are getting more important every day and are necessary for businesses. This technology makes it easy for stakeholders to communicate and keep track of how the company is doing.
This is why we will talk about Auditchain. This is a project that has the greatest team behind it such as Chief Scientist Dr. Stuart Haber, Eric Cohen which is a pioneer in audit tech and a 30-year veteran investment banker, Jason Meyers. This team is working to create a platform for externally validating each transaction. Later, this data will be presented in the form of Audit analytics. Auditors are validating accuracy and reporting compliance.
This is a great opportunity for investors and businessmen to finally easily understand how a business is functioning while lowering down the chance of fraud to ground levels. Imagine this technology being implemented in the government; you will be able to easily track how taxes are spent or how the political campaigns are run.
Auditchain will run on its own blockchain using its own token AUDT. Auditchain has the technology to eliminate fraud and also make the accounting process cost neutral.
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