Non-profits and tax-funded institutions should be accountable about the origin of their income and the destination of their expenses. Xparent uses the blockchain to evaluate the transparency and traceability of Bitcoin transactions.
Xparent does not rely on external auditors checking expenses or on copies of invoices. Anyone can verify at any time the origin and destination of expenses.
Organizations fund their departments and pay their providers using Bitcoin. Xparent analyzes this information and provides a final transparency score.
Xparent provides these diagrams: Balance, Revenues, Expenses, Calendar, List of Offending Transactions and Final Transparency Score.
You can get a PDF report on your device to browse the results at your leisure.
Xparent does not know what quaterly audits are. He only knows real-time. Xparent does not sleep.
If you are receiving donations or you are the owner of a budget, just show a link to your Xparent definition file next to your public Bitcoin address. It's that easy!
It is a simple JSON file. It contains the root Bitcoin address, the mapping of authorized payment recipients to Bitcoin addresses and the hierarchy of the organization.
The real identities associated to Bitcoin addresses might be signed by PGP or national identiy cards, or by accessing a public repository.