AUDT Token Utility:
The AUDT Token is consumed through staking by enterprises, CPAs, Chartered Accountants, providers of enterprise software and other service providers as well as subscribers to detailed audit analytics and real time financial statement line item detail through the DCARPE Explorer.
Enterprise External Validators
Enterprise external validators are CPAs and Chartered Accountants who are members in the assurance category of DCARPE Alliance. Each validator must stake 25,000 AUDT Tokens. They externally validate three categories of assurance; (i) system and control functional compliance, (ii) financial data structure and accuracy and (iii) disclosure control compliance with GAAP and/or IFRS. They are paid with the AUDT Token for the external validation. There are over 3,000,000 accountants and auditors globally who are all potential DCARPE Alliance members.
The AUDT Token is also staked by enterprises. They are the largest consumers of AUDT Tokens. Enterprise staking consumes a significant amount of AUDT Tokens and removes them from circulation. Enterprises must stake a minimum of 4 months' worth of compliance costs which are determined at the conclusion of the scope of implementation. Currently, digital assets pay between $500,000 and $1,000,000 to a single auditor every year.
Staking by Service Providers
Providers of cloud-based accounting, human resource and ERP software must provide enterprise software and services to the network for enterprise consumption. Each service provider must stake a minimum of 25,000 AUDT Tokens in order to provide services to the network.
Staking by DCARPE Explorer Subscribers
AUDT is also staked and consumed by subscribers to the DCARPE Explorer who subscribe to a variety of access to detailed financial statement and audit analytics data on a per block basis for each digital asset. Subscribers will be able to make micro payments to see on the spot detail or purchase the rights to detail on any number of blocks going backward in time or forward. In addition, third party service subscriptions consumed through the DCARPE Explorer will enable the creation of dynamically updating actionable research reports on selected digital assets for investors as well as thesis-based analytics for enterprise forecasting.