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DiFacturo SIGNED

The Unique International Independent Decentralized Invoice Network

Total Cost €

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EC-Contrib. €

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Partnership

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Project "DiFacturo" data sheet

The following table provides information about the project.

Coordinator
DIFACTURO GMBH 

Organization address
address: WEIZER STRASSE 14
city: GLEISDORF
postcode: 8200
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Austria [AT]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-12-01   to  2020-03-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    DIFACTURO GMBH AT (GLEISDORF) coordinator 50˙000.00

Map

 Project objective

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.

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The information about "DIFACTURO" are provided by the European Opendata Portal: CORDIS opendata.

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