December 2, 2021

In the Chinese city issued a 10 millionth invoice on the blockchain

In the Chinese city issued a 10 millionth invoice on the blockchain

According to Xinhuanet, the local news outlet, as of November 1, 2019, the tax office Shenzhen announced the release of more than 10 million accounts on the blockchain.

Representatives of the tax department noted thatin the city, the electronic blockchain-based electronic settlement system is also being actively promoted. Shenzhen's invoice system was developed by the Chinese Internet giant Tencent, the creator of the WeChat platform.

The news came a week after Chinese President Xi Jinping called on the government to accelerate the adoption of blockchain technology.

According to the tax agency, more7,600 companies have already used the electronic billing system, paying more than 7 billion yuan (about $ 995 million). The new system is already being applied in the areas of finance, insurance, retail, hotel catering and parking.

According to the materials cointelegraph.com

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