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China to start using blockchain to collect taxes and send invoices

China to start using blockchain to collect taxes and send invoices
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The Chinese government listed blockchain in its “Thirteenth Five-Year” National Informatization Plan from 2015, and since that time the nation has been working diligently toward incorporate the technology into daily life. The tech’s inclusion in the plan signals the importance China has attached to it, and this was just confirmed by the government’s announcement that it “will utilize blockchain technology for social taxation and electronic invoice issuance matters.”

Read the full story at https://futurism.com/china-to-start-using-blockchain-to-collect-taxes-and-send-invoices/

SOURCE: FUTURISM

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