EIN Presswire
Pacioli.ai will allow the crypto asset space to move into disclosure compliance and allow users to earn i***** to offset costs.
Auditchain Labs AG, a pioneer in web3 disclosure automation infrastructure, is proud to announce the roll out of Pacioli.ai, a DiPIN, (decentralized physical infrastructure) crypto-asset white paper creation and AI based external validation protocol.
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Pacioli.ai enables regulatory compliance for crypto-assets under the new Markets in Crypto-Assets (MiCA) and Virtual Asset Regulatory Authority (VARA) frameworks without the need for expensive structured data experts and systems while avoiding regulatory crypto-asset removal orders from exchanges.
Pacioli.ai features the Luca Suite™, a disclosure automation infrastructure for collaborative machine readable crypto-asset white paper, financial, and sustainability disclosure creation. White papers along with embedded financial disclosures are created in the Luca SuiteTM and rendered in the iXBRL format, a machine readable as well as human readable disclosure now mandated under MiCA regulations.
Pacioli.ai features AUDT, an ERC20 “Annex I” crypto-asset and is detailed in the Pacioli.ai white paper which was created in Luca SuiteTM and can be viewed by visiting https://pacioli.ai/whitepaper/ .
Luca SuiteTM is the basis for, and is the first implementation of the forthcoming Standard Business Report Model specification (“SBRM”) by Object Management Group®, (“OMG”). OMG is a global technical standard setter in 27 countries with over 230 member organizations.
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Key Features of Pacioli.ai:
- Automated Compliance: Users can generate white papers that meet the detailed compliance standards of MiCA and VARA without needing specialized regulatory knowledge.
- Machine-Readable Documents: Ensuring all white papers are compliant with the iXBRL formats required for regulatory purposes.
- Collaboration: Users can invite their counsel, accounting firms and CASPs to each contribute disclosure information.
- External Validation: The Pacioli AI Validating Nodes are AI logic and reasoning engines that operate on a decentralized physical infrastructure (DiPIN) network that verify that white papers are complete and compliant.
- Recapture Compliance Costs: Stakeholders can earn i***** by operating Pacioli AI Validating Nodes and validating compliance.
- Pacioli Explorer: A web3 destination for analysis of the world’s compliant crypto-asset projects and service providers.
“With the introduction of structured disclosure requirements, the crypto-asset industry faces a significant challenge,” said Jason Meyers, Lead Architect of Auditchain Labs AG. Pacioli.ai not only meets this challenge but transforms it into an opportunity to earn i***** by running Pacioli Nodes while automating and offsetting the cost of compliance with MiCA and VARA for the entire crypto-asset space.”
Pacioli.ai features a variety of subscription levels as well as a freemium version to enable smaller teams to quickly come into compliance with MiCA.
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