Leveraging Blockchain Technology for Bill Transactions: Innovations in Blockchain-based Electronic Bill Systems in Engineering and Technology
Youpeng Huang, Yong Lv · Highlights in Science Engineering and Technology · 2023
Blockchain technology has emerged as a disruptive force in digital vision of traditional industries transformation, including bill issuance, transfer, and settlement. This paper presents a comprehensive comparison of the features and benefits of blockchain-based electronic bill systems with traditional bill systems. The advantages of blockchain electronic bill systems, including increased ease of use and efficiency, enhanced security and anti-counterfeiting capabilities, and improved transparency and traceability, are critically examined. The potential impact of blockchain electronic bill systems on finance, supply chain management, e-commerce, and other domains is thoroughly discussed. The findings highlight the need for further research, standardization, cultivation of talents and extensive use to fully harness the transformative potential of blockchain electronic bill systems in traditional bill processes.