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 Visma’s Belgian subsidiary Yuki has incorporated blockchain technology. The Sweden-based financial softwre company says it is the first in Europe to make the move, which allows the authenticity of receipts and invoices to be automatically verified.

Visma says technology from Mint Blue enables non-fungible token invoicing via which senders issue an invoice with a key validated with invoices on the blockchain. If the invoice the sender and recipient have are identical automatic processing takes place and if the document is verified, the invoice can be paid automatically at the best time to pay for optimal cash flow. Visma notes that use of blockchain means the dependence on third parties is eliminated.

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