The financial authority for Beijing municipality has just launched trials of blockchain-based electronic bills.
According a report from Beijing Daily the municipal government said that two participating organisations had already issued blockchain healthcare bills and blockchain charitable donation bills by 25 March as part of the trial.
These participating organisations are the Beijing Tiantan Hospital and the Beijing Charity Association.
An official from the Beijing financial department said that blockchain technology permits the full and truthful recording on the blockchain of information concerning financial bills throughout the entire process of issuance and circulation.
The technology also facilitates information sharing, tracking and smart management when it comes to the regulation of e-bills.
According to the municipal government the next step will be to strengthen data integration and sharing with relevant authorities, promote the use of blockchain financial e-bills, and further optimise usage experiences for both businesses and members of the public.
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