One of the biggest use cases of Blockchain is a worldwide invoicing platform, which would allow generating invoices that can be tracked for tax purposes. Invoicing on blockchain allows for the creation of a standard invoicing format which can be easily used for tax and auditing purposes. The entire system can be automated and help in real – time auditing.
Hiveterminal, a blockchain startup from Slovenia, showcased the world something similar – a one of kind international invoicing platform powered by Blockchain.
Although this application use case was discussed back in 2017, Hiveterminal becomes the world’s first platform to showcase a working product. The platform is currently pending a patent approval.
According to Jure Soklic, Co-founder and CEO of Hiveterminal,
“I am thrilled to announce that, from this moment on, one of the first use cases of blockchain adoption in the real economy is here. Companies from Slovenia are able to upload their invoices and get instant and free liquidity, while invoice buyers from all around the world are able to buy their receivables, finding high-return investment opportunities in the real economy.”
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