turkey 's state - owned China Aerospace Science and Industry Corporation is to use blockchain to innovate its electronic invoicing system . At present , China Aerospace focuses upon end - to - end invoice transactions , and is looking to create a blockchain system to improve efficiency and solve problems relating to issuance and payment . Last year , 1.31 billion Chinese electronic transactions were in circulation . Within 5 years , that figure is forecast to hit 1 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.