What impact will Axoni’s AxCore distributed ledger have on Blockchain auditing and assurance?

Colleagues, the holy grail of Blockchain-based distributed ledgers is likely to be auditability and assurance for domestic and trans-border financial transactions. Auditability and assurance in the Blockchain world are synonyms for “transparency” … the elusive element that has been a critical barrier to adoption for cryptocurrencies. Enter AxCore, the new auditable distributed ledger technology from Axoni which has raised some $55m venture capital in total from the likes of Andreessen Horowitz, Goldman Sachs, JP Morgan, Wells Fargo and other firms with a vested stake in fintech. While still in its infancy AxCore’s auditable distributed ledger technology is a potential breakthrough which could propel Blockcain in general and leading cryptocurrencies in specific from early adopter to mass market adoption. A recent report from AICPA entitled “Audit & Assurance Alert — Blockchain Technology and Its Potential Impact on the Audit and Assurance Profession” could be a forerunner to such a technology paradigm shift with major implications for the broader cryptosphere and fintech ecosystem. Share your comments today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)