ICONOMI’s Digital Assets Verified by Deloitte
Great news for ICN hodlers! First blockchain audit.
By providing an independent overview, Deloitte, one of the "Big Four" professional audit services verified that the digital assets on Iconomi platform have been reported accurately and that Iconomi is solvent.
On April 5, 2018, Iconomi had $133.6M of liabilities and $210.2M of reserves, distributed across 80 digital assets, fully covering all liabilities.
Tim M. Zagar, CEO & Co-Founder:
With this move, by using the principles of the existing financial world and adding innovative processes from the emerging crypto-economy, we are taking another proactive step toward regulation.
Read the complete article here.
For the technical details of the blockchain audit read Proof of Solvency: Technical Overview.
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