ADAvoice: Decentralized E-invoicing

Problem

Traditional payment between companies are opaque, human-based and complex to audit.Debtors can delay payment or not respect commercial term

Solution

E-invoice as transaction metadata and smart contract managing inter-exchange between companies (self-invoicing, periodic invoices,...)

Total to date

This is the total amount allocated to ADAvoice: Decentralized E-invoicing.

$10,000

Total funds requested

684

Total votes cast

₳68.1M

Votes yes

₳55.3M

Votes no

About this idea

Electronic communications between companies are criticals and need a better protocol based on blockchain technology and immutable exchange.
Companies need to exchange documents in order to collaborate. Documents can be sales orders, invoices, transport bills etc.
Electronic Data Interchange (EDI) digitalizes those exchanges. In a centralized world of EDI/ERP companies exchange data through a long and error prone process of data transformation and ingestion.
What is the target audience?
- Medium and large enterprises
Who are the potential users of the platform?
- CFO's,
- Accountants,
- CEO's,
- Auditors
What is the problem that metadata is solving?
- Problems : Data storage in silos generate difficult interoperability between partners
- Solution : Pooling all transactional metadata / informations in a neutral, open and interoperable and decentralized network, Cardano.
Why does the target audience care about the solution? Why would they install/use the solution?
- Economic reasons, transaction, exchange and storage data security, instant auditing and tracking, automatisation, Acceleration and optimization of financial flows.
Does the solution need hardware components?
- No
What would retain the user on the solution? That is, after installation, why would you keep using it? What value does it bring to the user (continuously)?
- Natural stickiness and avantages to use blockchain.
- Billing is an essential and recurring use for businesses
- They Gain time and money
- Flow-less partners interaction worldwide and decentralized
You can watch a full presentation Online : https://www.icloud.com/keynote/0gwS_aRYCjkE2mDCpxEVYvrWQ#Adavoice_22-04-21
or download the pdf in attachment : https://www.icloud.com/iclouddrive/072PsS6Fw5M4GFQsd9nuRdScQ#Adavoice_22-04-21
We have produce a video to explain how it work and we demonstrate it on the testnet : https://youtu.be/Gd1CTHf5NqU