Shenzhen Pioneers Blockchain-Based Electronic Invoicing in the Country’s First Subway
On March 18, the Futian Subway Station in Shenzhen became the first national rail transport to implement blockchain-based electronic invoicing. This milestone marks a significant step towards a more efficient and convenient travel experience for users. The Shenzhen Subway yard line has officially launched the e-invoicing function on its blockchain platform, enabling users to generate electronic invoices with ease.
Convenience and Efficiency at the Forefront
The introduction of blockchain-based electronic invoicing is a direct result of the collaboration between the Shenzhen Metro, MTR (Shenzhen) Group, and Tencent Blockchain. This partnership aims to provide users with a seamless and efficient travel experience, leveraging the power of blockchain technology. Users can now pay deductions through micro-payment vouchers, access their ride records, and generate electronic invoices with just a few clicks.
Streamlining the Invoicing Process
To facilitate this process, users can follow one of three simple paths:
- Path One: After the end of the trip, users can access the “ride record” section on the micro-payment deductions voucher page. From there, they can select the relevant travel record and generate an electronic invoice.
- Path Two: Users can search for the “car yard” micro-letter code applet, brush the Shenzhen subway ride, and re-use the code. They can then click on the drop-down micro-channel chat box car code and enter the “car yard” applet. Finally, they can access the lower right corner surface Home “My - ride Records” section to select the travel records and generate an electronic invoice.
- Path Three: Users can access the Shenzhen Metro APP, click on “I - electronic invoices,” and enter the “ride history” page. From there, they can select the specific itinerary and generate an electronic invoice.
Benefits for Users and Operators
The introduction of blockchain-based electronic invoicing offers numerous benefits for both users and operators. Users can now enjoy a more convenient and efficient travel experience, with the ability to generate electronic invoices without the need for paper invoices or professional equipment. This streamlined process also reduces the workload of frontline staff at the station.
Shenzhen Metro’s Efforts
Shenzhen Metro’s responsible person noted that the e-invoicing function will help improve service efficiency and quality, creating a better travel experience for passengers. The feature also enables users to realize off-site billing without due invoices, improving traffic efficiency and billing efficiency. By avoiding peak hours due to billing congestion, users can travel with even greater ease.
Financial Benefits
The introduction of blockchain-based electronic invoicing also brings significant financial benefits. The Shenzhen subway is expected to save around 400,000 yuan in invoice printing costs per year. This cost savings will be a welcome relief for the Shenzhen Metro.
Expansion to Other Scenes
The Shenzhen Metro is not the only entity to benefit from blockchain-based electronic invoicing. The same day, taxis, airport buses, and other traffic scenes in Shenzhen were synchronized to implement the blockchain-based electronic invoicing function. This expansion aims to provide users with a more convenient and efficient travel experience, covering more taxi companies and public buses.
Tencent Blockchain’s Efforts
Tencent Blockchain has been committed to promoting the application of blockchain technology in various scenarios, including electronic invoicing, supply chain management, finance, medical services, logistics, and more. The company aims to build trust in the digital economy era by leveraging innovation, safety, and efficiency. With the successful implementation of blockchain-based electronic invoicing in Shenzhen, Tencent Blockchain has taken a significant step towards achieving this goal.
Statistics and Milestones
As of now, the Shenzhen blockchain access business electronic invoice system has more than 1,000 users, with over 1 million invoices generated and an invoiced amount exceeding 1.33 billion yuan. This achievement marks a significant milestone in the development of blockchain-based electronic invoicing in Shenzhen.
Conclusion
The introduction of blockchain-based electronic invoicing in Shenzhen marks a significant step towards a more efficient and convenient travel experience for users. With the collaboration between the Shenzhen Metro, MTR (Shenzhen) Group, and Tencent Blockchain, users can now generate electronic invoices with ease, leveraging the power of blockchain technology. As the Shenzhen Metro continues to expand its services, the city is poised to become a leader in the development and implementation of blockchain-based electronic invoicing.