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Technology Breakout
Denyette DePierro, ABA@denyetted
Haimera Workie, FINRA@finra
Karel Engelen, ISDA@isda
Jeremy Kuester, FinCEN@ustreasury
Will Leahey, SIFMA (moderator)@sifma
Do I need a Blockchain?
No
Should I use a Blockchain?
Are you making a cryptocurrency?
NoPlease Stop
Yes No
Technology Demo
Jason Meyers, Co-Founder, Auditchain@auditchain
Eric Cohen, Director of Assurance and XBRL Architecture, Auditchain (moderator)@auditchain
Decentralized Continuous Audit & Reporting Protocol Ecosystem
REAL-TIME ASSURANCE. ONE BLOCK AT A TIME
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AUDITCHAIN.C
OM
• Members of the investment, enterprise, accounting, audit, legal and financial reporting community
• Collaboration with Enterprises and Regulators
• Promotes adoption of Auditchain
• Educational forum, working groups and events
• Members operate nodes
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www.dcarpe.org
Jason Meyers, Founder – 30 Years of Entrepreneurship, Investment Banking, Venture Capital
Paul Ostling, General Counsel, Regulatory and Government Affairs – Former Global COO of EY
Eric E. Cohen, Director of Assurance and XBRL Architecture – Co-Founder of XBRL, Former Director and XBRL Global Technical Leader for PwC
Stuart Haber, Chief Scientist – Cryptologist, Co-inventor of First Blockchain Adopted by Satoshi Nakamoto
Charles Hwang, Business Development – Fraud Expert, Former EY Fraud and Valuation
Rimas Vaitauskas, Assurance – Systems and Controls, Deloitte Auditor, Reporting Manager, Bristol Meyers Squibb
Touradj Ebrahimi, Director, Organizational Standards Development and Relations – Convenor, JPEG
Georges Medawar, Strategic Development, Eastern Europe and Asia – Former EY Fraud Examiner, Founding Member, Humaniq Project
Bogdan Fiedur, Full Stack Developer - Smart Contracts, Solidity
Duncan Johnson, Digital Marketing – Former Digital Marketing Consultant for Adidas, Virgin Atlantic
Team
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AUDITCHAIN.C
OM
George Papandreou – Former Prime Minister of Greece
Valerie Mosley – CEO Valmo Ventures, Director of Eaton Vance, Former Partner, Wellington Management
Nemanja Nikitovic – Cyber Security Expert, Director, qVortex, Director Khaoticen, TransferNova, RemitNova
Jonathan Mohan – Founding Contributor to Ethereum, Factom, Founder of BitcoinNYC
Scott Price, CPA - Founder and CEO A-Lign – Former Chair of the Board of Governors of the Florida Institute of Certified Public Accountants
Yaroslav Belkin – Chief Marketing Officer, NewsBTC
Advisors
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AUDITCHAIN.C
OM
Decentralized Continuous Audit & Reporting Protocol EcosystemTM
STREAMING FINANCIAL STATEMENTSTM
Fully integrated continuous audit and reporting ecosystem for traditional
and decentralized enterprises
Service providers include ERP providers, integrated funding platform
providers, system auditors and financial statement auditors
DCARPETM reporting console provides permissioned or open access to
audit analytics and Streaming Financial StatementsTM for stakeholders
on a real time basis
Audit data standards-based back end and XBRL front end for dynamic,
customizable reports for stakeholders
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AUDITCHAIN.C
OM
Auditchain Network Governance
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AUDITCHAIN.C
OM
• Monitors and validates Auditchain network state.
• Monitors and validates all blocks.
• Monitors and validates all transactions.
• Monitors and validates state of all smart contracts.
• Enforcement of consensus.
NON-FEDERATED NODES
Auditchain Network Governance
12
AUDITCHAIN.C
OM
• Operated By CPAs, Chartered Accountants and Auditors
• Validation and certification of enterprise, service and device implementations.
• Validation and certification of new regulatory implementations.
• Continuous audit and certification of network state.
• Continuous audit and certification of state of all systems, controls, devices and
services.
• Continuous audit and certification of node activity and behavior.
• Continuous audit and certification of network consensus enforcement.
FEDERATED NODES
Smart Contract Platform
13
AUDITCHAIN.C
OM
• Board Resolutions
• Audit Committee Resolutions
• Employment Agreements
• Equity Issuance Agreements
• Debt Issuance
• Equity Based Compensation
• Equipment Purchase
• Purchase Orders
Transaction Lifecycle
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AUDITCHAIN.C
OM
AUDITCHAIN.C
OM
15
Token Based Economy
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AUDITCHAIN.C
OM
• Staked Balance
• Network Access
• AUDT Fees Deducted for Implementation
• AUDT Fees Deducted for Network Services
• AUDT Fees Deducted for Continuous Audit
• Unlocking Functionality
State of Audit- Management Assertions
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AUDITCHAIN.C
OM
Valuation Existence aLlocation Occurrence Completeness classIfication undeRstandability Accuracy Presentation cuToff Obligations Rights
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