Technical innovation: Blockchain E-invoicing

Nowadays, Blockchain technology has been applied in many fields, including electronic invoicing. And e-invoicing is a rapidly expanding technology. Whereas Latin American and many European and Asian countries are already considerably advanced in this field, a vast majority of organisations have not yet decided upon one system or service.

A high number of providers offer solutions and services for this matter. In this phase, it is important to have up-to-date information and guidance on selecting the right solution and provider. 

Obviously, e-invoicing is to support invoice issuers and recipients wishing to replace expensive paper-based invoice management. Here is a boldly hypothesize: combining e-invoicing with Blockchain to a new mode.

For such mode, it has the following characteristics:

Immutable: Storage the encrypted data on Blockchain with timestamp, then to form the permanent and irreversible recording.

Stable & Reliable: Using the distributed network architecture to avoid the attack to the central node, improving the ability of anti-attack.

Fast transmission: The message would be sent to the all nodes of the whole network from the single node based on P2P network layer protocol.

Autonomy: Particial work can be executed automatically, due to the trusted data and the agreed rules.

For Block chain e-invoicing, everyone can verify the legality of the transaction, and the accounting right can be confirmed by consensus mechanism. The efficiency of business can be improved by the immutable data sharing, then to realize the complex business flow. Shuqin Tech is also devoting themselves to the research of Blockchain solutions in many fields, and the Blockchain solution for data storage has been launched.

More solutions: https://www.baoquan.com/en/

If you are a Blockchain developer, if you are familiar with IBM Hyerledger, Ethereum, siacoin or bitcoin, if you are good at golang language, if you wanna change your position, if you wanna fight in Blockchain field, if you are seeking for a better life,   please contact us: js@baoquan.com