Tencent to Use the Blockchain to Help China’s Taxman Authenticate Invoices » Into Crypto News – IntoCryptoNews.com

73 Copyright on text and image: LiveBitcoinNews.com Tencent Holdings is turning to the blockchain technology to help the Chinese city of Shenzhen fight fake invoices and prevent businesses from taking advantage of tax loopholes.Shenzhen-based Tencent, who own the popular messaging-social-media-and-payments app WeChat, has teamed up with the Shenzhen branch of the State Administration of Taxation. Both organisations are hoping that the use of the blockchain will ensure the authenticity of invoice…

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