Auditchain attracted one of the co-founders of the universally used business reporting standard to their team. Blockchain startup Auditorain is developing an accounting environment centered around blockchain-based tokens. AUDT will be used as a service payment service.
Leveraging [blockchain]/DLT technologies to provide a fantastic new foundation, enabled by layers of abstraction, can enable new payment channels, and securely hook in resources of all sorts.
Cohen is the co-founder of XBRL. He also working for professional services firm PwC. The Cohen's involvement traces back to an event at Rutgers University that focused on continuous auditing. Cohen has also been involved in the development of standards around the world, including the ongoing effort spearheaded by the International Organization for Standardization (ISO).