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

6

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

7

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

9

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

10

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

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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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