Another small goal: Wanda Group's first blockchain order debuts, focusing on the financial and tax fields

Reporter: Lydia

“First set a small achievable goal, such as earning 100 million yuan,” Wang Jianlin’s words some time ago inspired the hearts of the people, and the Wanda Group never forgets to blow the horn and beat the drums.

Wanda has transformed from a real estate company into a comprehensive service group covering multiple business levels such as culture, finance, tourism, and sports. It has now been clearly adjusted to four major industrial groups: commerce, culture, network, and finance. At Wanda's 2016 annual meeting, Wang Jianlin proposed a new strategic vision. Starting from mid-November this year, Wanda Internet Technology Group participated in the design and writing of the reference architecture for blockchain and distributed ledger technology applications.

This time, Wanda has another small goal that is being achieved in an orderly manner.

Recently, according to China Securities Network, Wanda Group's Wanda Internet Technology Group (hereinafter referred to as "Wanda") and Baiwang Co., Ltd. (hereinafter referred to as "Baiwang Co., Ltd.") have reached a comprehensive strategic cooperation due to common goals such as "blockchain + finance and taxation" and "blockchain + supply chain".

Wanda Network and Baiwang Co., Ltd. jointly signed a strategic cooperation agreement. Both parties will give full play to their respective business and resource advantages in their respective fields and jointly promote the application pilot, project implementation, promotion, publicity, and operation of the "blockchain + electronic invoice" financial and taxation integrated solution and the "blockchain + supply chain" solution. Wanda Network will work with Baiwang to create a blockchain-based financial and taxation invoice integrated platform - "Wanda e-account". This product will provide an integrated solution for corporate tax-related services, electronic invoices, paperless contracts, evidence storage, and derivative financial services. With the technical advantages of blockchain distributed shared ledgers, it will bring core advantages such as efficient operation processes, automated business processing, paperless and low energy consumption to corporate customers.

Wanda Network Technology Group has early laid out and fully launched a technological innovation strategy driven by big data and blockchain, accelerating the digital upgrade of massive physical application scenarios, providing an independent and controllable blockchain open source platform for the physical industry, and focusing on user scenarios to build a cooperative and win-win blockchain industry with partners. Wanda Network serves as a member of the board of directors of the foreign hyperledger and the lead unit of the blockchain technology standards of the Ministry of Industry and Information Technology of China, and has built an independent, secure and controllable technology system, becoming a leading blockchain industry technology and application solution provider in China.

Baiwang Co., Ltd. is a leading "Internet + Taxation" cloud platform service provider in China. It has established the Baiwang Cloud service platform to provide comprehensive financial and taxation services for large, medium and small enterprises. Baiwang Cloud provides large group companies with one-stop tax control + electronic invoices, input management and other integrated tax-related solutions. Baiwang Cloud provides a one-stop invoice management platform service for small and medium-sized enterprises, realizing the full life cycle management of paper invoices and electronic invoices, helping small and medium-sized enterprises to achieve paper and electronic invoice integration, bill management, invoice point limit, and sheet limit management, helping enterprises to stay away from false invoices and facilitate the operation and management of small and medium-sized enterprises. Baiwang Cloud provides a safe and reliable mobile invoicing comprehensive service platform based on mobile terminals for small and micro enterprise customers.

Wanda Network and Baiwang will work together to actively explore new technology applications, aiming to build a new advanced technology ecosystem of "Internet + taxation" and supply chain management. In the future, technological innovation leading business development will be the common development concept of Wanda Network and Baiwang. Wanda Network and Baiwang will first cooperate in product function integration application and promotion based on "Baiwang Cloud" and Wanda's "Hercules" blockchain cloud platform. The cooperation will start with the "entity + high-tech" transformation of Wanda's industry, comprehensively improve the efficiency of industrial collaboration, and gradually expand cooperation in application scenarios such as sales invoicing, input management, tax-related declaration, account reimbursement, supply chain collaborative services, and consumer finance.