Shenzhen Has Issued 6 Million Blockchain Invoices in a Year

Shenzhen Has Issued 6 Million Blockchain Invoices in a Year

by August 9, 2019
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Shenzhen has demonstrated its willingness to experiment with innovative technology when it issued its first digital invoice on the blockchain last year.

Part of the Greater Bay Area, Shenzen has issued close to 6 million invoice according to a report by XinhuaNet. According to local authorities on average 44,000 of these invoices are issued daily with a total value of roughly US$ 500 million. These transactions are happening across 113 sectors.

The local news outlet also stated that so far 5,300 companies in Shenzhen have registered to use blockchain invoice.

Shenzhen is far from the only city pushing for blockchain adoption, both Hangzhou and Hainan have committed to investing US$ 1 Billion into blockchain.

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