Beijing Issues First Blockchain-Based Invoice for Parking

Mar 06, 2020 at 12:37 // News
Author
Coin Idol
Blockchain used for electronic invoicing for parking in Beijing

Beijing's first blockchain electronic ordinary invoice was issued in the parking lot of Hanwei International Plaza, marking Beijing's tax service entering the age of blockchain.

According to the relevant person from the Beijing Municipal Taxation Bureau (BMTB), this parking fee is connected to the Beijing Municipal Taxation Bureau's blockchain electronic bill system to make blockchain-based invoicing and payments possible.

From now on, the parking lot in Beijing can realize the automatic integration of charging and invoicing. After scanning the code and paying, consumers don’t have to wait for and save paper bills of lading, and can issue and save electronic ordinary DLT proof of purchase online. Excellent, taxpayers no longer have to travel to and from the tax office to purchase tickets. The DLT digital regular invoice test will be implemented in phases from Beijing's fixed parking tickets, self-printed park tickets, and taxi invoices. In the future, more application scenarios of blockchain electronic invoices will be expanded to cover more industries and tickets. 

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The BMTB aims to implement the State Council ’s decision to speed up the preferment and use of digital invoices and optimize the tax business environment. In order to promote the pilot work of automated ordinary bill issuance, the BMTB conducted a full investigation and analysis of the ticket business and the billing service, and designed and produced an electronic regular invoice based on blockchain technology for the above units. Issued a plan, completed the functional review of the blockchain electronic ordinary invoice service management platform and system interface debugging.

Blockchain Technology to Transform Payment Systems

The DLT-based digital regular invoice that was launched is based on the blockchain's native electronic statement, which is different from the simple automated invoice on-chain. It is based on the DLT to establish an electronic invoice alliance chain, which combines ticket types, tax rates, and commodities.

The top-level control information such as the code is written on the chain. The invoicing company completes qualification verification, invoice control information verification, and invoice issuance by calling the service of "on-chain tax control contract". Consumers can store and transfer invoices on the chain. Authenticity verification and reimbursement. Reimbursement companies obtain the bill information of authorized compensators on the chain, complete invoice verification and reimbursement accounting, etc., and realize the issuance, transmission, bearing, delivery, inspection, supervision, and reimbursement of electronic proof of purchases on the chain. And other major links of service and full life cycle traceability.

According to the relevant person in charge of the BMTB, the current step is the first step in the construction of blockchain digital invoices. Next, we will continue to collect, sort out, and summarize the problems in the application link, and do the related optimization work to facilitate a more stable system and a more streamlined process. Optimization, more in line with the practical needs of taxpayers. Based on the pilot optimization in the future, the city's park tickets, fixed parking tickets, taxi bills, etc. will be progressively included in the management of digital DLT invoices in Beijing. 


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