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    Half Tones

    Shenzhen Issues Blockchain-Powered Electronic Invoices for Transportation

    Mar 18, 2019

    The southern Chinese city of Shenzhen and tech giant Tencent have begun issuing the country’s first blockchain-enabled electronic invoices for transportation costs, Tencent’s news portal reported Monday.

    Beginning Monday, the digital invoices are available for riders using either social app WeChat or Shenzhen Metro’s smartphone app to pay for trips on the city’s subway system and one of its airport shuttles, as well as with participating taxis. Both apps utilize blockchain technology — the decentralized system of electronic “blocks” of information — developed by Tencent.

    In August 2018, Shenzhen became the first Chinese city to issue electronic invoices using blockchain technology for WeChat payments with participating businesses. (Image: @刺猬公社 on Weibo)