Beijing Tax Service will bill on blockchain

Beijing Tax Administration Officially Announces the Implementation of Blockchain for Invoicingtaxpayers.

The main advantages of distributed technologyThe registry office calls transparency, traceability, and the impossibility of changing accounts. At the same time, the authenticity of tax notifications can be verified on the official website of the tax service.

“The system will reduce coststaxpayers, save public resources and improve user convenience. We will build an honest and healthy tax environment. Moreover, the information recorded in electronic invoices must coincide with the data on the official website. If the data do not match, then the taxpayer should reject the account and report it to the Beijing tax service hotline, ”the official statement said.

Electronic accounts on the blockchain will gradually begin to be applied to other areas of life of residents of Beijing, for example, paying for parking or tickets for visiting attractions and parks.

In March last year, the Shenzhen authorities introduced payment for public transport using a blockchain application.

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