Yunnan Province Offers Blockchain Invoice at Tourist Destinations

Asia Blockchain Review
July 30, 2019

China’s Yunnan province recently revealed that it is implementing a blockchain-powered solution which will use decentralized technology to issue invoices to tourists.

The project was announced on July 20, 2019 at the Digital Yunnan Blockchain International Forum in Kunming. The first international Yunnan blockchain event welcomed over 1,000 guests from governments, research institutions and leading information and communication technology companies from more than 10 countries.

Issuing DLT Invoices at Tourist Attractions 

Yunnan province disclosed that with the program, tourists can submit applications for invoices through their smartphones. The invoices will be processed and delivered to tourists’ email inboxes within 48 hours. Moreover, DLT will ensure that the information is accurate and transparent.

According to the organizing committee of the blockchain forum, the objective of the program is to save costs incurred from printing paper invoices for tourist attractions in the province.

China Seeking Blockchain Standards

Chinese authorities are increasingly promoting blockchain for businesses across the nation, while planning to set a standard for DLT. According to CCN, government officials in China are currently working on a standard for blockchain. 

In an interview published in Xinhua’s Economic Information Daily, a government press agency, an official from the Electronic Industry Standards Research Institute of the Ministry of Industry and Information Technology revealed it is cooperating with numerous stakeholders to set a national standard for DLT. 

With this standard, the ministry expects to further drive adoption of decentralized technology in public and private sectors across various industries.


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
GSMA Hong Kong Expresses Positive Outlook for Blockchain
Paul Ulrich, Senior Policy Manager of APAC, GSMA Hong Kong, revealed that developing countries acros...

August 22, 2019

India’s Reliance Jio Unveils Its Massive Blockchain Network
Reliance Jio will install across India one of the largest blockchain networks in the world “with ten...

August 22, 2019

Mosendo, the Final Piece of the Cryptocurrency Payments Puzzle
We kick off the interview series with Clayton Roche, the Head of DeFi with Mosendo and the community...

August 21, 2019

Escalating Protests in Hong Kong Reinforce Bitcoin’s Safe Haven Status
Demand for Bitcoin is surging as more people look to reliable safe haven currencies in the face of e...

August 21, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us