Beginning Nov. 8, Walmart's Jinhai Road branch in Baoan, Shenzhen, will provide blockchain e-invoice issuance services for users, and the e-invoices issued will go directly into consumers' WeChat card packs, which is the first time that e-invoices have been applied to the field of large-scale chain retailers and supermarkets.

In fact, on August 10 this year, Shenzhen's China World Trade Center revolving restaurant has issued the country's first blockchain electronic invoice. So, what kind of qualities of the blockchain electronic invoice, so that Shenzhen, the country's pioneer city, is willing to take it as this year's Shenzhen Municipal Taxation Bureau and Tencent in the "smart tax" innovation laboratory of an "Internet + tax" important landing products?

1. It is more convenient to issue invoices

In the past, when you issued invoices in supermarkets, you needed to check out at the cashier's counter and then queue up at the service counter to issue invoices based on the shopping tickets. At this time, if the user provides wrong information, it is very troublesome to void the invoice and reschedule the meeting. The emergence of blockchain electronic invoice allows enterprises to apply for invoices on the blockchain; users can realize invoicing on the chain, and after the transaction is completed, they can apply for self-service invoicing by sweeping through WeChat on their cell phones, and the collection of invoices can realize the electronicization and convenience to achieve the goal of "transaction that is invoicing", and the whole process is more convenient and quicker.

2. It is more convenient to supervise

Since the blockchain electronic invoice is issued directly in the system, there are fewer factors for human intervention, and for the tax regulator and the tax bureau, it can achieve the scientific and technological innovation of full-process supervision and realize the paperless intelligent tax management, so that the tax process can become more controllable.

3. Financial information is more authentic and reliable

Due to the addition of blockchain's underlying technology, the information on the electronic invoice becomes tamper-proof, which makes it possible to avoid all kinds of opportunities for counterfeiting in the financial statistics within the enterprise and optimizes the process of financial reimbursement to improve the work efficiency.

It is almost predictable that after Walmart and other global giants join, e-invoices will be used in more fields. And in the context of this year's tax reform, the development of technology will also provide greater support for the tax system in Shenzhen, an international metropolis.