According to local news outlet Xinhuanet, as of November 1, 2019, the tax serviceShenzhen has announced the issuance of more than 10 million accounts on the blockchain.
Representatives of the tax department noted that the city is also actively promoting the system of electronic settlements based on blockchain.Shenzhen's invoicing 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.
Based on materialscointelegraph.com
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