This proof of solvency allows each ICONOMI user's account balance to be verified without disclosing any personal information. We have also set up a system to enable users to verify their account balances for themselves.The proof of solvency also proves that ICONOMI's reserves are greater than its liabilities.Note: A proof of solvency does not constitute any type of financial statement audit. It is defined as a process in which blockchain technology is used to prove the existence and/or ownership of digital assets.
For users, proof of solvency is primarily a way to increase transparency. Because we have undergone a proof of solvency by a third-party company, you can be sure that all account balances are correct and that all company liabilities have been calculated accurately.
The proof of solvency was performed by a Big Four professional services firm with a strong reputation throughout the world for its thorough, accurate procedures.