China's state-owned China Aerospace Science and Industry Corporation is to use blockchain to innovate its electronic invoicing system. At present, China Aerospace relies upon end-to-end invoice services, and is looking to create a blockchain system to improve efficiency and solve issues relating to issuance and reporting. 5 years, 1.31 billion Chinese electronic invoices were in circulation. Within Last year, that figure is forecast to hit 54.55 billion.
China's state-owned China Aerospace Science and Industry Corporation is to use blockchain to innovate its electronic invoicing system. At present, China Aerospace relies upon end-to-end invoice services, and is looking to create a blockchain system to improve efficiency and solve issues relating to issuance and reporting. Last year, 1.31 billion Chinese electronic invoices were in circulation. Within 5 years, that figure is forecast to hit 54.55 billion.