Tencent-Shenzen Partnership Begins to Pay Dividends tencent blockchain

The blockchain powered invoicing solution is a product of the partnership announced in May 2018 between Tencent and The Shenzhen Municipal Office of the State Administration of Taxation.
Speaking about the development, Li Wei, deputy director of Shenzhen tax bureau, said:

“The digital invoice based on blockchain technology has features such as complete traceability of the whole process and non-disruptive information, which consistent with invoice logic, can effectively avoid false invoices, and improve the invoice supervision process.”

At present, Shenzhen Guomao Rotating Restaurant, Baoan District Sports Center Parking Lot, Kaixin Auto Trading Co., Ltd., and Image Tencent Impression Coffee Shop are the first merchants to access and utilize the blockchain electronic invoicing system.
In April, CCN reported that Tencent was developing its own blockchain platform called MySQL, a solution designed  to provide an enterprise class blockchain infrastructure to support reliable blockchain cloud services.