Proof of Reserves Prep - 5 Easy Steps for Cross Functional Teams to Achieve PoR Reporting
Audit & Attest, Proof of Reserves Jeremy Nau Audit & Attest, Proof of Reserves Jeremy Nau

Proof of Reserves Prep - 5 Easy Steps for Cross Functional Teams to Achieve PoR Reporting

This blog post outlines a comprehensive five-step process for preparing crypto Proof of Reserves (PoR) reporting, aimed at enhancing transparency and trust in the digital asset industry. The steps include general scoping, creating a customer liability extract, constructing a Merkle Tree, proving asset balances, and reporting and disclosure, providing a streamlined guide for cross-functional teams to efficiently and accurately complete PoR reporting. The post emphasizes the importance of regulatory compliance, data validation, and clear communication with stakeholders throughout the process.

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