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China: Beijing will be transparent with Blockchain

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On several occasions we have exposed how countries are betting on the disruptive technology that has given us life, being the Blockchain. One of those who is leading this issue has been China, generating value through this technology. On this occasion we bring a case of the reality of the Asian country, since a process of governance in its capital has begun, Beijing.

Beijing: innovation process

While China is leading the issue of Blockchain applications, from the scope of regulations to encourage research progress. Although the process to apply them in reality are still on hold. This means that currently its public services do not use Blockchain technology, this being objectives to achieve this year.

However, Beijing seems to be the test subject for the first Blockchain applications within China, this being the news today. Its tax institution, being in charge of handling national taxes, recently published an announcement that it will start using Blockchain in its services.

It states that Beijing aims to bring the unique transparency, traceability and immutability of Blockchain to its future governance. The proposed use would be to make invoicing based on Blockchain technology. The official announcement said that:

“To reduce taxpayer operating costs, save social resources, increase consumer convenience to save bills and create a healthy and fair tax environment. The Beijing tax office has decided to test the application of the Blockchain electronic general invoice.” .

The Beijing tax office encourages consumers to take the initiative to verify the authenticity of the invoices by verifying the invoice information on their official website or on the Ruihong authorized website.

Application

According to the announcement, the Beijing Blockchain bill has specific characteristics. There are 12 digits in the invoice code and there is a total of 8 digits in the invoice number.

“The information recorded in the common electronic invoices will be consistent with the results obtained on the website Consumers have the right to reject electronic invoices with inconsistent results, and can call the 12366 hotline of the Beijing tax office’s tax service for report ”.

The Beijing tax office will gradually carry out the promotion of the Blockchain billing service throughout the city. For now, it will issue general bills for parking and tickets to picturesque places and parks. Other industries will be included in the pilot scope later.

Pilot case

It should be noted that, as we mentioned at the beginning of the article, Beijing is a pioneer in the issue of applying Blockchain technology to China’s public services. This implies that this case for billing will be used to observe the necessary corrections, thus pointing to a national platform.



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