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The tax agency in Shenzhen and Tencent appear Friday that China’s aboriginal blockchain-based balance had been issued to a bounded restaurant.

According to the tax bureau, companies can abide applications for invoices and acknowledge tax on the blockchain belvedere accurate by Tencent, which will automatically accomplish invoices afterwards affairs are completed.

Cai Yige, administrator of Tencent’s blockchain business, said the broadcast ledger, a amount technology of blockchain, enabled defended administration and accumulator of transaction annal amid all parties in the invoicing process, authoritative it absurd to alter with balance information.

The agency and Tencent launched an addition lab in May, to yze solutions to optimize tax casework and anticipate risks application billow computing, bogus intelligence, blockchain and big data.

  

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