Authors :
Nikhil Sontakke; Shivansh Rastogi; Sejal Utekar; Shriraj Sonawane
Volume/Issue :
Volume 8 - 2023, Issue 7 - July
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://tinyurl.com/3trf2z3j
DOI :
https://doi.org/10.5281/zenodo.8268984
Abstract :
Electronic invoicing is another area where
blockchain technology is being used. Additionally, it has the
power to alter how payments are made, invoices are issued,
and transactions are validated. Using a blockchain-based
invoicing system will enable smooth payments from a
customer's digital wallet to a business's digital wallet.
Transactions are simple to track and monitor, and the
blockchain may be used to retrieve an exchange's full
history. Sometimes shopkeepers create fake bills and
submit them to the higher tax-paying authorities. To bring
transparency to this billing system between customers,
shopkeepers, and tax-paying authorities “billing system
using blockchain” is to be implemented using the concept of
Blockchain and make the billing system in our country
work smoothly. Blockchain technology can revolutionize the
invoicing and payment process by providing a secure,
transparent and tamper-proof system. A blockchain-based
billing system can facilitate smooth payments, allow for
easy tracking and monitoring of transactions, and provide a
tamper-proof history of all exchanges. The use of
blockchain can prevent fraud and increase transparency
among customers, shopkeepers, and tax-paying authorities.
Furthermore, it can streamline the process by using digital
wallets for both customers and businesses, reducing time
and resources for traditional invoicing methods. Overall,
blockchain technology can bring greater efficiency and
trust to the billing system, benefiting all parties involved. It
can prevent fraud, increase transparency and streamline
the invoicing and payment process. This technology can
create a more secure and efficient billing system ultimately
benefiting all parties involved.
Keywords :
Blockchain, Technology, Invoicing, Supply Chain, Transactions, Secure, Decentralized, Bill Management Systems.
Electronic invoicing is another area where
blockchain technology is being used. Additionally, it has the
power to alter how payments are made, invoices are issued,
and transactions are validated. Using a blockchain-based
invoicing system will enable smooth payments from a
customer's digital wallet to a business's digital wallet.
Transactions are simple to track and monitor, and the
blockchain may be used to retrieve an exchange's full
history. Sometimes shopkeepers create fake bills and
submit them to the higher tax-paying authorities. To bring
transparency to this billing system between customers,
shopkeepers, and tax-paying authorities “billing system
using blockchain” is to be implemented using the concept of
Blockchain and make the billing system in our country
work smoothly. Blockchain technology can revolutionize the
invoicing and payment process by providing a secure,
transparent and tamper-proof system. A blockchain-based
billing system can facilitate smooth payments, allow for
easy tracking and monitoring of transactions, and provide a
tamper-proof history of all exchanges. The use of
blockchain can prevent fraud and increase transparency
among customers, shopkeepers, and tax-paying authorities.
Furthermore, it can streamline the process by using digital
wallets for both customers and businesses, reducing time
and resources for traditional invoicing methods. Overall,
blockchain technology can bring greater efficiency and
trust to the billing system, benefiting all parties involved. It
can prevent fraud, increase transparency and streamline
the invoicing and payment process. This technology can
create a more secure and efficient billing system ultimately
benefiting all parties involved.
Keywords :
Blockchain, Technology, Invoicing, Supply Chain, Transactions, Secure, Decentralized, Bill Management Systems.
