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The Unique International Independent Decentralized Invoice Network

Sector: Forest Products and Packaging • Location: Austria

Source: EU Funding & Tenders Portal

Project
Ended

Difacturo is a fresh start-up company founded in August 2018 with the vision of creating a technological revolutionary network to a market, e-invoice, which requires nonstop developing solutions. Paper invoices imply an opaque process causing bottlenecks and leading to high expenses. Replacing the physical paper form with a digital one (e-invoice) offers faster retrieval of money, easier processin

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The project “The Unique International Independent Decentralized Invoice Network” is an infrastructure initiative in the Forest Products and Packaging sector, located in Austria. Taiyo aggregates data on it from EU Funding & Tenders Portal.

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Description

Description

Difacturo is a fresh start-up company founded in August 2018 with the vision of creating a technological revolutionary network to a market, e-invoice, which requires nonstop developing solutions. Paper invoices imply an opaque process causing bottlenecks and leading to high expenses. Replacing the physical paper form with a digital one (e-invoice) offers faster retrieval of money, easier processing, lower costs and improved productivity. However, e-invoices are not the mainstream option in Europe yet since current centralized technologies constitutes a costly entry obstacle for most of the European SME. Besides, other issues derive such as a high risk of total failure as well as complicate auditDifacturo is a fresh start-up company founded in August 2018 with the vision of creating a technological revolutionary network to a market, e-invoice, which requires nonstop developing solutions. Paper invoices imply an opaque process causing bottlenecks and leading to high expenses. Replacing the physical paper form with a digital one (e-invoice) offers faster retrieval of money, easier processing, lower costs and improved productivity. However, e-invoices are not the mainstream option in Europe yet since current centralized technologies constitutes a costly entry obstacle for most of the European SME. Besides, other issues derive such as a high risk of total failure as well as complicate audit trail. We offer the first blockchain-based invoice network, a truly independent, decentralized and global system to deliver and receive invoices in a secure, quick and audit-proof cryptographic format across all national borders and companies’ sizes. Our solution abolishes the need of a third-party validation, is accessible to tax authorities, achieves savings of up to 90% of paper format standards with a remarkable speed ≥1000 transaction per seconds and allows other companies to write their own applications. Thus, it will become the key tool to introduce e-invoicing transversally.

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Data quality score

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