Digitizing invoice and managing vat payment using blockchain smart contract
Nowadays, the authenticating procedure for transactions is still complicated, and the current
Value-Added Tax (VAT) administration system works as centralized server, which consists of
high-risk attacks from hackers. Therefore, only a few countries use digital technologies to
calculate and manage the VAT payment despite of their benefits. In this paper, by combining
decentralized storage network (DSN) with the smart contract (SC), we propose a new model
based on Blockchain technology to authenticate the transaction, calculate Value-Added Tax …
Value-Added Tax (VAT) administration system works as centralized server, which consists of
high-risk attacks from hackers. Therefore, only a few countries use digital technologies to
calculate and manage the VAT payment despite of their benefits. In this paper, by combining
decentralized storage network (DSN) with the smart contract (SC), we propose a new model
based on Blockchain technology to authenticate the transaction, calculate Value-Added Tax …
Digitizing Invoice and Managing VAT Payment Using Blockchain Smart Contract
Y Nakashima, TH Tran, VC Nguyen, HT Huynh… - 2019 IEEE International …, 2019 - cir.nii.ac.jp
Nowadays, the authenticating procedure for transactions is still complicated, and the current
Value-Added Tax (VAT) administration system works as centralized server, which consists of
high-risk attacks from hackers. Therefore, only a few countries use digital technologies to
calculate and manage the VAT payment despite of their benefits. In this paper, by combining
decentralized storage network (DSN) with the smart contract (SC), we propose a new model
based on Blockchain technology to authenticate the transaction, calculate Value-Added Tax …
Value-Added Tax (VAT) administration system works as centralized server, which consists of
high-risk attacks from hackers. Therefore, only a few countries use digital technologies to
calculate and manage the VAT payment despite of their benefits. In this paper, by combining
decentralized storage network (DSN) with the smart contract (SC), we propose a new model
based on Blockchain technology to authenticate the transaction, calculate Value-Added Tax …
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