Receipts Move to the Blockchain

BillsOnChain, a new platform built on the Hedera blockchain by Hashgraph Group and String Metaverse, transforms paper receipts into secure digital assets. Once uploaded, receipts are permanently recorded on the network, making them easy to store, verify, and track.

The platform allows users to upload receipts to the blockchain, where they are stored as tamper-proof records that cannot be altered. It also enables users to mint NFTs linked to those receipts. In addition, BillsOnChain automates VAT processing, supports audit procedures, and helps verify invoices.

According to Hashgraph Group, the platform is already used by more than 31,000 Hedera wallet holders. Over 830,000 receipts have been uploaded to the network, and more than 430,000 NFTs have been created using Hedera’s distributed ledger technology.

Why use NFTs in this case? They are not intended as digital collectibles or artwork. Instead, each NFT serves as a unique digital record linked to a specific receipt, making it easier to identify, authenticate, and verify whenever needed.

BillsOnChain is designed for public administration, financial institutions, large enterprises, and small and medium-sized businesses (SMEs). The platform aims to simplify accounts payable and receivable management, improve invoice tracking, reduce the risk of fraud, and make cross-border financial operations more efficient.