Real-Time Streaming of Financials: in First Quarter 2019?

Auditchain may soon offer companies a real-time window into how blockchain could work when everyone is fully involved. The company, headquartered in Switzerland, plans to launch the first phase of its financial reporting ecosystem, complete with a digital system currency it will call AUDT tokens, in the first quarter of 2019.

The company expects to offer “real time reporting of financial statements” and “an open source library of GAAP and IFRS compliant smart contracts,” that will enable financial data to be deemed audited and reliable as soon as it goes up on the network, according to an FAQ on the company’s website, which shows how it will interface with U.S. generally accepted accounting principles and international financial reporting standards.

https://news.bloombergtax.com/financial-accounting/real-time-streaming-of-financials-in-first-quarter-2019