Beijing progress in blockchain applications: from "directory blockchain" to the first blockchain electronic invoice

Source: Securities Daily

Reporter: Xing Meng

A few days ago, Beijing issued the first blockchain electronic ordinary invoice, which means that Beijing's tax service management has officially entered the blockchain era. It is understood that the Beijing Municipal Taxation Bureau will gradually carry out the pilot promotion of blockchain electronic ordinary invoices throughout the city. Currently, some taxpayers have selected parking general invoices and attractions park tickets to start promotion. In the later period, taxpayers from other industries will be promoted in due course. Included in the pilot scope of blockchain electronic ordinary invoices.

Blockchain electronic invoice

Available for citywide parking

In early March, Beijing's first blockchain electronic ordinary invoice was issued in the parking lot of Hanwei International Plaza. The Beijing Municipal Taxation Bureau announced on March 4 that in the future, parking lots in this city can be automatically integrated with charging and invoicing. Citizens do not have to wait for invoices after scanning codes, and can issue and save blockchain invoices online, without the need to save paper Invoice, the ticket experience is further optimized.

The technical support behind the Beijing Blockchain electronic ordinary invoice is the listed company Donggang Shares. According to the relevant announcement of Donggang, under the leadership of the Beijing Taxation Bureau, Donggang Ruihong Technology Co., Ltd., a subsidiary of Donggang Holdings, provided application and support based on blockchain technology. provided query and verification services based on authorization. On March 3, Beijing's first blockchain electronic invoice was issued.

In fact, before Beijing, there were regional blockchain electronic invoices in Guangzhou, Shenzhen, and Hangzhou. On June 22, 2018, the nation's first "tax chain" electronic invoice blockchain platform developed by Fangxin Technology, a subsidiary of Jincai Internet, was launched. Guangzhou Gas Group Co., Ltd. is authorized by the tax authorities to join the blockchain network to realize the storage, exchange, and sharing of the blockchain on the nation's first electronic invoice. The blockchain electronic invoice first arrived in Guangzhou.

The launch of blockchain electronic invoices in many places is mainly due to the fact that blockchain can solve the pain points of traditional electronic invoices. "The biggest advantage of blockchain electronic invoices is that blockchain technology guarantees the authenticity, uniqueness, and traceability of electronic invoices. It can eliminate illegal and criminal problems such as false invoices and multiple invoices, and achieve efficient governance of national taxes. "Li Lianxuan, chief researcher of the Eurotech Group Research Institute of a Hong Kong-listed company, said in an interview with the Securities Daily: On the one hand, blockchain technology has the characteristics of immutability, which guarantees the authenticity of the invoice source; The blockchain consensus mechanism achieves “transaction is invoicing”, which unifies the flow of funds and invoices. All information is recorded on the blockchain to ensure the uniqueness of the invoice; and the traceability of the blockchain allows tax authorities Tracking the source of invoices, authenticity, and reimbursement information enables tax authorities to monitor borderless and cross-border.

In early February, the relevant documents issued by the Beijing Municipal Government clearly stated that it is necessary to build a blockchain-based supply chain debt and debt platform to provide rights-financing financing services for small and medium-sized enterprises participating in government procurement and state-owned enterprise procurement. On February 7th, Beijing's blockchain-based supply chain debt and debt platform was officially launched. The platform uses the Beijing Xiaowei Financial Services Platform, a subsidiary of Beijing Financial Group, as a unified entrance to realize government and state-owned enterprise procurement through the underlying technology of the blockchain. The contract receivables are confirmed, and various financial resources such as financing guarantees and asset management are aggregated to provide SMEs with comprehensive supply chain financial services quickly.

A related person in charge of Beijing Financial Holdings Group told a reporter of the Securities Daily that Beijing Financial Holdings Group worked closely with Haidian District to quickly launch Beijing's blockchain-based supply chain platform, taking advantage of the technical advantages of blockchain data that cannot be tampered with to achieve On-chain storage, synchronous update and efficient circulation of core data such as accounts receivable information and contract information help small, medium and micro enterprises to obtain fast and efficient financing support by using the strong credit of core enterprises.

"Directory Blockchain"

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From facilitating the lives of the people to ensuring the production of enterprises, the "C-side non-sensing" blockchain is exerting increasing application value in Beijing.

In 2019, Beijing will focus on building a "catalog block chain" system. According to the Beijing Municipal People's Government Network, the system has established a new model of government affairs data sharing and assessment based on responsibilities to achieve unified scheduling, management and control of government affairs data.

"Directory Blockchain" has played an important role in Beijing's big data construction. According to the official website of the Beijing Economic and Information Bureau, the "Directory Blockchain" has realized the functions, catalogs, and data "on-chain" locking of 53 departments, real-time detection of data changes, full traces of data access, and orderly data sharing Relevance, carries the authority and decentralization control mechanism of the city's big data.

As a back-end system, the "Directory Blockchain" also plays a significant role in the front-end work. More and more municipal units experience the benefits of the blockchain. The "Directory Blockchain" allows data to Share within 10 minutes.

In response, Wang Maolu, chairman of the consensus number letter, told the Securities Daily reporter that "a data service platform based on blockchain technology has realized the release of data directories, the establishment of a data sharing label system, and the release of a data exchange rule engine. Make the data on the chain establish a reference index relationship with the data resources of the commissions and offices to ensure the rights and interests of the data of the commissions and offices, and to conduct legal, compliance and secure circulation based on the needs of government affairs. "