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China Facts: Blockchain powered WeChat invoices

 

Shenzhen has become the pilot city for launching blockchain electronic invoices or fapiao nationwide. The new system which uses China’s “everything app” WeChat was created by Tencent, the Shenzhen Water Authority, and the software company Kingdee. Unlike the overly complicated process of sending physical fapiaos to be approved which frequently involves special forms, Excel tabs, delivery services and glue, electronic invoices can now be issued directly through WeChat *)    

     

*) SupChina 11th August 2018

 

 

 

 

 

 

 

 

 

 

 

 

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Hans Henrik Pontoppidan
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