TaaS ICO - Setting the Standard in Crypto Auditing & Transparency – PART 3
TaaS is pushing the boundaries and making very good use of what smart-contracts can be used for by developing their own system of auditing and are aiming to reinvent the way in which funding is handled by developing and offering such products to investors of their Closed-End Fund.
TaaS will be developing this technology for not just TaaS but, potentially, for other projects as well. TaaS is looking to set the standard on what can be achieved with smart-contracts and the use of technology that has not yet been see in the space.
Through the tools TaaS is developing for their own platform, TaaS’ aims at setting the standard of how crypto related projects should operate and how they can be furthermore transparent with their ICOs and with their ongoing operations.
The technology TaaS is developing could also be used, with further development, in fiat investment funds, and show how their own technology can be used in different and useful ways on multiple platforms for new and existing trading funds, finance related projects and anything where funds are collected and utilised. In effect, reinvent how auditing of fund and fund allocation is conducted.
Source: https://blockgeeks.com
Blockchain technology is changing the way finances work and with it, the technology TaaS is developing will be developed to manage this new platform.
TaaS aims to lead the way with its new and fresh approach to how Investment funds should be handled and how investors can benefit from the technology TaaS is producing.
As an investor, transparency is a genuine issue, but TaaS is looking to address this issue by developing a very useful tool to greatly improve the transparency of the funds they collect and what they TaaS do with the funds also.
This tool is what will be known as ‘Cryptographic Audit’.
Cryptographic Auditing will give their investors a number of benefits when it comes to transparently verify where funds are at any time, which will help to instill trust and to see what is happening with the funds, trading history, portfolio balances etc.
Source: http://theexponentextra.com
Encouraging for investors to know is that the TaaS business model is to use only established exchanges such as Poloniex, Bittrex and Kraken, and by using ‘Auditable Exchange Accounts’, using API technology, all investors will be able to see in real-time, the balances currently present on the tradable exchange account.
Source: poloniex.com
Additionally, using the API, ‘Regular Blockchain Snapshots’ of portfolio balances will be hashed (recorded) onto an Ethereum Blockchain twice a day, continuously to produce an auditable history of these funds such as when they were traded, and how much was traded, all the while, making it impossible to change past activity. Effectively providing an immutable and verifiable track record.
Also, developed in the Cryptographic Auditing technology is ‘Private Non-Exchange Accounts’. This provides proof-of-ownership for investments kept in safe cold storage via the use of a transaction with a special dedicated marker.
Cryptographic Audit is something they hope other ICO’s will use, further establishing TaaS’ legitimacy in the space. For the first time, investors will be able to transparently see exactly where the funds are, how much there is and how they are being used, is a way that proves that the funds are there, always.
By bringing Cryptographic Audit into play and using this technology on their own platform, investors can be sure to know that the funds are by the auditable and verifiable means the cryptographic audit brings. As this is built into the platform, this method of verifying funds will always be there.
It is clear to see that TaaS really is trying to develop the right set of tools to offer its investors the best possible platform and to show the world how simple and transparent trading funds can be.
Source: http://complianceandethics.org/
With the growing emergence of Cryptocurrencies and crypto related projects collecting substantial amounts of funds, investors will demand new and innovative ways in which these projects manage and verify these funds, and TaaS has recognised this by developing the technology to enable investors to Cryptographically Verify any money they invest and to also have the ability to inspect at will, where the funds are and how the funds are being managed.
In a Nutshell, TaaS is developing the technology needed in the space of the new economy, the crypto economy.
And so far, TaaS appears to be leading the way.
To find out more about the TaaS Project and how you can take part in the Token Sale, you can find all the details at the link below;
Further Reading;
PART 1: What Makes the TaaS ICO Different from All the Rest? TaaS is Re-defining Investment Funds
PART 2: Potentially One of the Highest Yielding Wealth Accumulators in the Crypto Space to Date
PART 3: Setting the Standard in Crypto Auditing & Transparency
PART 4 - Why Should You Consider Investing? – CONCLUSION
Link: https://steemit.com/steemit/@deanero/taas-ico-why-should-you-consider-investing-conclusion-part-4
PLEASE NOTE: for legal reasons, unfortunately, US citizens are not legally allowed to participate in TaaS Project crowdsale.
