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Topic: [2019-02-25]Latvian Tax Service to Use Blockchain Technology to Combat Shadow Ec (Read 161 times)

copper member
Activity: 364
Merit: 4
Although they won't be using any crypto currency it is good to see blockchain technology being used by a government department, proves the tech is sound
sr. member
Activity: 966
Merit: 264
The State Revenue Service of Latvia calls for the use of Blockchain technology to control tax flow and combat the shadow economy. As one of the possible solution, Blockchain-based systems can be used in the cash registers reform.
The State Revenue Service pointed out that blockchain technology opens up new business opportunities, can create more efficient solutions, and could reduce the involvement of the third party participants in local business operations in the future.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/combat-shadow-economy/

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