Transparent on execution, private on data
We use blockchain for invoice registrations and VAT reporting. Currently the EU VAT Gap is estimated to be 151.1 billion EUR. Ubiquitous invoice registrations on a confidential blockchain create strong and secure methods to prevent fraud, create new markets, and make compliance easy.
Long term vision:
Blockchain enables superior methods of VAT fraud prevention than anything which is being used at the moment. We foresee that all EU tax authorities will adopt this technology. Privacy-by-design and public accountability will continue to grow in importance for a wide range of government services.
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