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Industry

About 6 mln blockchain invoices issued in Shenzhen

August 06, 2019


Abstract : China's gold consumption in the first half of the year dropped 3.27 percent year on year to 523.54 tonnes, industry data showed Friday.

SHENZHEN, Aug. 6 (Xinhua) -- One year after the first blockchain-based invoice was issued in the southern metropolis of Shenzhen, about 6 million such invoices have been issued, authorities said.

According to the tax bureau of Shenzhen, Guangdong Province, the average daily issuance of the invoice is 44,000, with a total face value of 3.9 billion yuan (554 million U.S. dollars) for transactions covering 113 sectors.

So far, more than 5,300 companies in the city have registered to use blockchain invoices.

The use of blockchain-based invoices has been steadily expanding in the tech hub since a number of local restaurants, banks and supermarkets launched the service last August.

The service is now widely used in finance, retailing, catering and hospitality in Shenzhen.

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Keyword: blockchain

Reading:

China's automobile retail sales grows over 150 times in last 20 years

China's mobile communications resale biz enters fast dev. phase

China's gold consumption down 3.27 pct in H1

China's home appliance sector expands in H1

Thai Chamber of Commerce calls for proactive fiscal policy and loose monetary policy

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