Blockchain Breakthrough in Taxation
The Shenzhen Tax Bureau, in collaboration with Tencent, announced a significant advancement in "blockchain + taxation" integration. On October 10th, a restaurant in Shenzhen's Guomao Building issued China's first blockchain-based electronic invoice. This innovation represents the nation's inaugural application of blockchain technology within invoice ecosystems, approved by the State Taxation Administration.
Key Features:
- Decentralized Verification: Eliminates duplicate billing risks
- Tamper-Proof Recordkeeping: All transactions permanently recorded on-chain
- Automated Reconciliation: Streamlines accounting processes for businesses
NetEase Planet's Virtual Asset Distribution
NetEase Planet revealed plans for its "Public Bitcoin" campaign, distributing 2 million units of virtual digital assets (BT tokens) to platform users. Notably:
👉 BT tokens can be converted to Bitcoin through the platform's exchange mechanism. This initiative marks a strategic move toward mainstreaming cryptocurrency assets in China's tech ecosystem.
Yonglian Tech Launches Blockchain E-Commerce Platform
Chongqing-based Yonglian Technology debuted its "Yonglian Mall" mini-program, featuring:
- Supply Chain Transparency: Blockchain-powered product溯源
- Tokenized Economy: Users earn rewards through social interactions and purchases
- Dynamic Pricing: AI adjusts benefits based on market behavior
MIIT Advocates Blockchain Adoption
China's Ministry of Industry and Information Technology (MIIT) issued updated guidelines emphasizing:
- Cloud Migration Priority: 100,000 enterprises to adopt cloud solutions by 2025
- Emerging Tech Integration: Explicit endorsement of blockchain alongside AI/IoT
- New Economic Models: Support for platform-based and sharing economies
Implementation Timeline:
| Year | Target Milestones |
|---|---|
| 2023 | 50,000 cloud-migrated enterprises |
| 2025 | 100+ benchmark案例 |
FAQ Section
Q: How does blockchain prevent invoice fraud?
A: The immutable ledger ensures each invoice ID exists only once, while smart contracts automatically verify tax compliance.
Q: Can NetEase's BT tokens be traded externally?
A: Currently convertible only within NetEase's ecosystem via their official portal.
Q: What industries benefit most from Yonglian Mall?
A: Luxury goods, pharmaceuticals, and agricultural products where provenance is critical.
Q: Does MIIT provide funding for blockchain projects?
A: While no direct subsidies exist, approved projects receive优先 consideration for tech development zones.
👉 Explore blockchain investment opportunities with our verified partners.