Auditchain review

Summary

Project name: Auditchain

Hard cap: 14 000 000 $

Token type: ERC20

Hype level: Medium

Project Overview

What does the company/project do?

Auditchain proposes to embody an ecosystem that includes a blockchain protocol and an open source library of accounting smart contracts sufcient to capture, process, audit and report enterprise data and performance data on a real time continuous basis under a continuous independent audit exceeding current accounting, audit and control standards.

How advanced is the project?

The project is at the early stage of development now and just going to show their MVP in the nearest future. Commercial launch of the platform is planned for Q3 2020.

Opportunities

• Auditchain has very strong team, experienced in finance and blockchain. Thus I evaluate the chance of their success as high.

• The project already have a lot of partners on board, among them are Aeternity, Bankex and many others

Concerns

• The project still has a little progress in terms of product development and relatively long roadmap

• Hardcap of the project is relatively high for the current market, also they had funding round in 2018, but the team didn`t disclose the amount raised

Conclusion

Short term potential: Neutral

While the idea of the project is very interesting, it still has relatively low hype level and high hardcap, so I`m neutral about it in the short term

Long term potential: Neutral

Relatively long roadmap and early stage of development create a lot of uncertancy about Auditchain perspective in the long term.

For more information about the project, please visit the following links:

Website: https://auditchain.com/

Telegram: https://t.me/Auditchain_Community

Twitter: https://twitter.com/auditchain

Bitcointalk: https://bitcointalk.org/index.php?topic=5152521.0

BTT profile: https://bitcointalk.org/index.php?action=profile;u=1164964