Summary
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.
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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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/889930 |
| Start date: | 01-12-2019 |
| End date: | 31-03-2020 |
| Total budget - Public funding: | 71 429,00 Euro - 50 000,00 Euro |
Cordis data
Original 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.
Status
CLOSEDCall topic
EIC-SMEInst-2018-2020Update Date
27-10-2022
Geographical location(s)
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