A Decentralized Auditing Platform designed to thoroughly assess smart contracts for vulnerabilities, perform security checks, and detect potential errors. This platform ensures a transparent, trustless environment where users can independently verify the integrity of smart contracts, enhancing security and reducing the risk of exploitation or bugs in decentralized applications.
This platform also is where every government and institutions transactions, budget and public expenditure can be tracked on transparent blockchain ledger.
Integrating smart contracts to automatically enforce accountability when funds are transferred, ensuring they are use used for their intended purposes.
- Onuigbo Kelechi: Project Manager
- Olubueze Damian: Smart contract dev
- Chinedu Okeke: Backend dev
- Johnbosco Izuchukwu: Frontend Dev
- Stephanie Ani: UI/UX Designer
Many web3 projects, organizations have witnessed project failures in their project implementation. Some of the causes established is lack of technical know-how, poor contractor practice. The resultant consequences can lead to vulnerability, security breach and errors.
Many industries, particularly the public sector, struggle with ensuring that audits are open to scrutiny, leading to mistrust in governance and financial management. subject to that effect, centralized auditing systems can be subject to manipulation, fraud, or tampering, creating doubts about the integrity of audit results.
A decentralized auditing platform for web3 project and where every individual, bulders, institution’s can be tracked, scrutinize on a transparent blockchain ledger.
Integrating smart contracts to automatically enforce accountability when funds are transferred, ensuring they are use used for their intended purposes.
- Auditing public institutions.
- Security check on smart contracts
- Tracking and verifying organization spending.
- Providing a transparent system for private sector audits.
- Immutability: All audit records are stored on the blockchain, ensuring that once audits are completed, they cannot be altered or tampered with.
- Automated Audit Workflows: Smart contracts govern the audit lifecycle, automating key tasks such as report submissions, auditor assignment, and result verification.
- Smart Contract Governance: Predefined rules embedded in smart contracts enforce auditing standards and procedures, ensuring fair, transparent, and unbiased audits.
- Public Accessibility: Once audits are finalized, results are stored on-chain and can be made publicly accessible, ensuring full transparency in public sector auditing.
- Real-time Audits: Users can track audit progress in real time, making the process transparent and accessible to all relevant stakeholders.
- Automated Validation: Smart contracts automatically verify submitted reports by cross-checking data with predefined rules or external databases, ensuring accuracy from the start.
- Auditor Assignment: Auditors are assigned based on transparent algorithms, ensuring fair and unbiased distribution of tasks.
- Permissioned Auditors: Only authorized and accredited auditors can conduct audits, ensuring that qualified personnel handle audit verifications.
- Multi-Level Audit Reviews: Multiple auditors can review the same report, providing an additional layer of quality control and minimizing the risk of fraud or error.
- Data Encryption: Sensitive audit data is encrypted, ensuring only authorized users have access to full audit details while protecting privacy.
- Decentralized Storage: Large files are stored off-chain using decentralized solution as IPFS while cryptographic hashes are stored on-chain for verification.
- Immutable Records: All records are immutable once stored on the blockchain, guaranteeing long-term integrity and transparency.
- Scalability: The platform can scale from auditing a few institutions to national industries, ensuring efficient handling of increasing data volumes without sacrificing performance.
- Multi-Industry Support: The platform can support audits across multiple industries (public sector, finance, healthcare, etc.), with customizable smart contracts.
- Public Audits: Audit results for public institutions can be made accessible to the public, ensuring transparency and accountability in governance.
- Private Audits: For private organizations, permissioned audits ensure confidentiality, while still benefiting from the transparency of the blockchain audit trail.
- Regulatory Compliance: Smart contracts can be configured to ensure compliance with local or international regulations, and cyber security, providing a legally compliant audit process.
- Governance Mechanism: Stakeholders (auditors, institutions, regulators) can vote on platform rule changes, audit standards, and platform improvements through decentralized governance.
- Intuitive Dashboard: The platform provides a user-friendly interface for submitting reports, tracking audit progress, and viewing final audit results.
- Blockchain Wallet Integration: Users interact with the platform through blockchain wallets like MetaMask, ensuring secure transactions and identity verification.
- Tokenized Incentives: Auditors may earn tokens as rewards for completing audits, which can be used within the platform or traded. Tokens incentivize quality and timely audit work.
- Staking Mechanism: Auditors may stake tokens as a guarantee of good conduct, with penalties for fraudulent or erroneous audits, promoting accountability.
- Blockchain Used: Lisk.
- Smart Contract Framework: Solidity
- Smart Contracts:
- Audit Submission Contract: For institutions to submit reports for auditing.
- Verification Contract: Enables auditors to verify reports.
- Record Contract: Stores completed audits in an immutable ledger.
- User Interface (UI):
- Built with react, css, tailwind.
- Wallet integration for transaction signings.
- Storage:
- On-Chain Data: Critical audit data stored directly on the blockchain.
- Blockchain Wallet: Users need a wallet like MetaMask to interact with the platform.
- Tokens: Some interactions may require a minimal amount of tokens for transaction fees.
- Login: Connect to the platform using your blockchain wallet.
- Submit Report: Fill in the necessary data and upload relevant documents.
- Await Verification: Once submitted, an auditor will be assigned to review the report.
- Check Results: After the audit, view the results in your dashboard.
- Login: Connect using your auditor credentials.
- View Assigned Reports: Access reports assigned under the "My Audits" section.
- Review and Verify: Verify data and conduct the audit.
- Submit Findings: Submit the findings to record them on the blockchain.
- Access Platform: Open the public audit page.
- Browse Audits: Use the search functionality to find specific audits.
- View Details: Click to view audit details and findings.
This platform’s core features offer a transparent, secure, and scalable solution for auditing institutions across industries, ensuring integrity, accountability, and compliance.
- AI Integrated audit.
Q1: What happens if an auditor makes an error?
- A: Peer review ensures errors are caught and corrected by other auditors.
Q2: How is data privacy maintained?
- A: Data is encrypted, and only authorized auditors can access full audit details.
Q3: Can anyone become an auditor?
- A: Any experienced blockchain developer can become an Auditor.