Introduction to Pacioli.ai
A global standards based web3 expert network for crypto asset disclosure and external validation.
Last updated
A global standards based web3 expert network for crypto asset disclosure and external validation.
Last updated
Structured data public disclosure was first adopted by the US Securities & Exchange Commission in 2009. Since then, most major global financial market jurisdictions have specified machine-readable financial and operational disclosure in the XBRL format to serve regulators, government agencies, central banks, market data vendors and investors.
The regulations on Markets in Crypto-Assets (“MiCA”) in the European Union and the Virtual Asset Regulatory Authority regulations (“VARA”) in the United Arab Emirates are continuing the global adoption of structured machine-readable disclosure by introducing stringent technical disclosure specifications for crypto-asset whitepapers, ensuring transparency, investor protection, and market integrity. These specifications mandate that whitepapers must include comprehensive details about the issuer, the project's scope, the type and rights of the crypto-assets, associated risks, and the underlying technology. Additionally, whitepapers must be machine-readable, in the global standard iXBRL data format to facilitate automated regulatory reviews and public accessibility.
Pacioli.ai is a web3 expert network that simplifies the creation and external validation of these complex disclosures through its innovative platform, integrating the Luca Suite™ and Pacioli AI Validating Nodes.
Issuers of crypto assets, exchanges and other crypto asset service providers are all obligated to contribute each of their critical disclosure information to a crypto asset whitepaper under new regulatory specifications.
Pacioli.ai is a user-friendly multi-tenant collaboration engine that guides each of the three main actors through the structured data disclosure process, ensuring all regulatory requirements are met for each actor without needing specialized expertise. It automates the drafting of whitepapers in the iXBRL format per MiCA and VARA specifications, making the content both human-readable and machine-readable. The DePIN network of Pacioli AI Validating Nodes then rigorously review the whitepaper, checking for compliance with MiCA and VARA specifications and identifying potential infringements or inaccuracies.
This seamless integration of automation and AI-driven validation ensures that crypto-asset issuers, service providers and launchpads can produce high-quality, compliant disclosures efficiently. Pacioli.ai not only automates and reduces the complexity and cost of regulatory compliance but also enhances the credibility and transparency of the crypto-asset ecosystem, fostering greater trust and confidence.
Pacioli uses declarative AI and to read, understand, and detect inconsistencies in global standards based machine-readable crypto asset disclosures prepared using creation tools in Pacioli.ai in accordance with MiCA and VARA specifications.
Certain crypto asset issuers and service providers are also required to articulate financial and operational disclosure under the new laws. Pacioli.ai also creates, reads, understands and detects inconsistencies in financial statements prepared in accordance with IFRS, USGAAP, and other standardized machine-readable financial reporting schemes.
The Luca Suite™ which is a part of Pacioli.ai is a bi-directional, logical model based structured data agnostic interchange application and is the basis for the SBRM Specification developed by Auditchain Labs AG and supported by a wide variety of other OMG member organizations.
Pacioli.ai understands the logic of the processes that constrain crypto asset, financial and operational disclosure, audit and analysis. Pacioli.ai provides proof that disclosure instances are accurate, complete, consistent, and precise.
Pacioli.ai also validates compliance with the specified functional objectives of the disclosure models created on the protocol.
disclosure models constrain the logic that makes disclosure compliant, accurate and truthful. Internal and disclosure controls are critical to a well functioning operating entity. Cryptographic reinforcements are read by Pacioli to determine if they have been tampered with or circumvented.
