Pacioli.ai: World’s First RegFi Protocol Is Deployed to Mainnet

The deployment of Pacioli.ai aims to move “on-chain” the more than 25,000,000 XBRL disclosures that are filed annually across 200 regulators and 65 jurisdictions.

Zug, Switzerland, 2 December, 2024 — Auditchain Labs AG proudly announces the mainnet deployment of Pacioli.ai, the world’s first web3 RegFi (Regulatory Finance) protocol. Pacioli.ai features a DePIN (Decentralized Physical Infrastructure Network) of Pacioli Nodes that read, understand and detect inconsistencies in machine-readable reports and disclosure infrastructure. Pacioli.ai was deployed to Polygon on November 22, 2024 at 16:55:38 EST, with plans to deploy to additional Ethereum Virtual Machine Layer 2s.

The first on-chain analysis, using the DPIN, of an XBRL financial statement was validated at 11:34:03 EST on November 26, 2024.

Pacioli.ai aims to move all XBRL based reporting and validation on-chain. Over 25,000,000 XBRL based reports are filed annually with over 200 regulators in 65 jurisdictions.

Pacioli.ai for Initial and Ongoing Disclosure

Pacioli.ai features a user-friendly state of the art model based disclosure automation management suite with XBRL output that substantially raises internal control over disclosure controls and eliminates the need for outsourcing to third parties or expensive structured data experts which is how inconsistencies occur.

Pacioli.ai features XBRL disclosure automation across the following reporting schemes:

• European Union — Market in Crypto-Asset Regulation (MiCAR) for Crypto-Asset White Papers
• United Arab Emirates (UAE) — Virtual Asset Regulatory Authority — (VARA) for Virtual Asset White Papers
• European Union — European Sustainability Reporting Standards (ESRS) for Sustainability Reporting
• International Financial Reporting Standards (IFRS) for corporations and for SMEs
• United States Generally Accepted Accounting Principles (US GAAP)

Pacioli.ai will, in the near future, cover the full set of disclosures.

Pacioli.ai for Analysis

Pacioli.ai also enables the analysis and indexing of “as filed” financial reports filed with the US Securities and Exchange Commission, which enables users to determine qualitative and quantitative reliability of those reports. Users can now submit analysis requests to the network of Pacioli Nodes to detect inconsistencies that may not be covered under audit engagements.

The Dawn of RegFi

Pacioli.ai is leading the RegFi category of web3. RegFi combines incentives and DePIN with LegalTech and RegTech models. Users stake AUDT — the settlement, staking and governance token of Pacioli.ai — to operate Pacioli AI Validating Nodes which provide proof of compliance for MiCAR, VARA, IFRS, US GAAP and ESRS disclosures. Creators (such as reporting companies) of disclosures submit them to the DePIN and pay AUDT for external validation of the disclosures prior to publishing, which ensures an incentivised, dynamic and self-sustaining ecosystem.

Initial Node Offering

The Pacioli.ai ecosystem will initially be powered by 2,200 licenses, which include its full suite of reporting and validation capabilities. The licenses are being made available as part of the Pacioli.ai Initial Node Offering “INO” which is priced in five phases. Each Pacioli.ai license includes a Pacioli AI Validating Node. Each node is represented by an NFT and includes 7,000 AUDT tokens, with another 7,000 AUDT required to be delivered by the user for activation. Early participants will benefit from full subscription cost recovery in the first year, with 400 licenses starting at $1,800 in the first phase and concluding with 600 licenses at $2,850 in the final phase.

Rewards are dynamically allocated to ensure fairness and sustain ecosystem growth. Each validated disclosure advances Pacioli.ai’s mission to raise the integrity and reliability of global disclosure information.

For more information visit Pacioli.ai

Media Contact:
Auditchain Labs AG
media@auditchain.com

About Pacioli.ai

Pacioli.ai is a decentralized physical infrastructure, (DePIN) that enables stakeholders to collaborate, create and externally validate machine readable white papers as well as financial and sustainability disclosures pursuant to global standards and emerging crypto-asset regulatory requirements and technical specifications.

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About Auditchain Labs AG

Auditchain Labs AG is a developer of web3 and artificial intelligence-based disclosure and assurance infrastructure for traditional asset and crypto-asset issuers, service providers, regulators and investors. As a founding member of DCARPE Alliance, Auditchain Labs AG aims to raise the integrity and reliability of global business and financial information and change how disclosure infrastructure is created, distributed and consumed.

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