Digital ID and Decentralized Data Oracles to be Integrated into DCARPE Assurance and Disclosure Platform
DCARPE Alliance, an accounting, audit, financial reporting and blockchain technology consortium is pleased to announce that Shyft Network and æternity have joined as new members and premier service providers.
Shyft Network and æternity will become premier providers of digital identity infrastructure and decentralized data oracles, respectively, on the DCARPE Assurance and Disclosure Platform. Both will collaborate with Auditchain and other members of the DCARPE Alliance to integrate each service into the DCARPE Explorer as third-party service providers for enterprise consumption and utilization.
Auditchain; the founding member of DCARPE Alliance along with members in the technical category are leading the development and integration of the DCARPE Assurance and Disclosure platform; the world’s first decentralized continuous assurance and real time financial reporting protocol.
DCARPE Alliance is uniting some of the most notable projects in the blockchain space in order to enable enterprises to deploy cryptographically verifiable business process automation architectures that technically enable submission to continuous external validation and financial reporting in real time.
The addition of Shyft Network will now enable actors on the DCAPRE Assurance and Disclosure Platform to be issued a portable digital identification which will play a significant role in compliance monitoring and the attestation levels of external validation by CPAs and Chartered Accountants on the platform. Shyft Network will also collaborate on the current development of certain aspects of Auditchain’s external validating node architecture.
æternity will collaborate with Auditchain and other members to integrate its decentralized data oracles which will enable real time automated compliance with various financial instruments between counterparties. For instance; loan indenture agreements developed on the Monax agreements platform containing financial performance clauses will be bridged by æternity’s data oracles to financial statements reported through the DCARPE disclosure control architecture enabling the automation of changes in the terms of such agreements in the event that the financial condition of the enterprise changes; a manual discovery process that usually requires expensive litigation and/or workouts.
Jason Meyers, Founder of Auditchain states; “The addition of Shyft Network and æternity moves the DCARPE Alliance closer to enabling the creation of the programmatic enterprise. We are very excited that these two pioneers have agreed to collaborate and become part of the Alliance. Continuous external validation and real time reporting requires big changes in how enterprises plan and operate. Shyft Network and æternity will play a significant role in this transformation”.
Nikola Stojanow, Chief of Business Development for æternity noted; “We are excited to join this effort. Our mission at æternity has always been to play a significant role in the transformation of how business is executed. Auditchain and the DCARPE Alliance represent a possibly highly disruptive use case for blockchain and are looking forward to participate in engineering the transformation of assurance and disclosure”.
Shyft Network Founder, Joseph Weinberg stated; “Decentralized attestation in many applications is central to what we are working on at Shyft. The application of our technology fits perfectly with the plans and vision of Auditchain and the DCARPE Alliance. We are looking forward to making technical contributions as well as providing thought leadership”.
The two new service offerings combined with the Monax agreements platform and Gilded’s enterprise crypto accounting system will accelerate an enterprise state machine implementation technically suitable for enterprises and digital assets to submit to continuous external validation and real time financial reporting.
Yanislav Malahov, Founder of æternity concluded; “The partnership with Auditchain and DCARPE Alliance gives æternity the opportunity to play an innovative and transformative role in cryptographic enterprise automation. We are happy to be a part of such an alliance and to provide one of the best use cases for blockchain.”.
The DCARPE Assurance and Disclosure Platform will enable continuous enterprise state machine and real time financial performance external validation by a network of CPAs and Chartered Accountants for issuers of digital assets. The DCARPE Explorer will also offer public subscriptions to deeper financial detail and audit analytics as well as the ability to access tools to build dynamically updating thesis-based reports that ultimately have the potential to mechanize the foresight of oncoming risk.
CPAs, Chartered Accountants and those who have an interest in making contributions in the technical and thought leadership categories are encouraged to apply for membership by visiting https://dcarpe.org/join or email firstname.lastname@example.org
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About DCARPE Alliance:
Auditchain is the founding member of the DCARPE™ Alliance which is comprised of members of the accounting, audit, financial reporting and blockchain community. The DCARPE™ Alliance was formed to collaborate with its members on the development and launch of the DCARPETM Assurance and Disclosure Platform as well as invite thought leadership on matters such as regulation, implementation, scaling and adoption. The DCARPE™ Alliance will hold events and symposiums as well as educate the investment, enterprise and regulatory community about the benefits of continuous external validation and real time financial reporting using the DCARPETM Assurance and Disclosure Platform.
Auditchain is the developer of the world’s first Decentralized Continuous Audit & Reporting Protocol EcosystemTM for digital asset and enterprise assurance and disclosure. Auditchain is leading the development of a public blockchain ecosystem populated with CPAs and Chartered Accountants who externally validate the state of enterprise systems and controls as well as financial performance on a continuous basis and in near real time. The DCARPETM Explorer is a subscription based public block explorer that renders financial statement data and audit analytics in real time to subscribers.
About Shyft Network:
Shyft is building a blockchain-based ecosystem that allows for the secure and private sharing of data for industries, governments, and consumers. Shyft’s ecosystem helps to streamline and reduce the amount of individual records that need to be collected, while allowing for data monetization and the secure transfer of verified, encrypted attested data. For more information on Shyft, please visit www.shyft.network.
Scalable smart contracts interfacing with real-world data. æternity is a new blockchain technology, designed to deliver unmatched efficiency, transparent governance and global scalability.