Tencent to Use the Blockchain to Derail China´s Counterfeit Invoice Industry
(WorldNews China)

Sellers of counterfeit, illegally-made receipts help businesses take advantage of tax loopholes in China, but that´s set to change with the application of blockchain technology in the handling of digital invoices. Disrupting China´s Counterfeit Invoice Market Faked official invoices are big business in China. One person who creates these legal proof of payments - “fapiaoâ€� in Chinese - calls herself Mrs. Wang. She claims that in just 24-hours a fake receipt can be created that is...