Dubai – A blockchain-powered invoice management system can overcome the traditional invoice financing challenges faced by the industry. This was stated by Muhammad Salman Anjum, Chief Mate of InvoiceMate | at Future Blockchain Summit during GITEX 2022 in Dubai. Salman was delivering keynote on the day 1 of the two days event. Salman explained to the audience the different challenges of invoice processing and invoice financing and how blockchain can overcome those. He showcased the world’s first blockchain-powered invoice management system “InvoiceMate” . He elaborated how InvoiceMate, by utilizing the inherent trust and transparency features of blockchain, has been able to eradicate the challenges attributed to traditional invoice processing and finacing. He introduced the unique “Know Your Invoice” or KYI service by InvoiceMate that eases out the due diligence function for banks and lending institutions. He highlighted the advanced features of InvoiceMate that make it ahead of the competition. The event was attended by a large number of the community as well as the general audience. The audience payed great attention to the keynote and actively participated in the question & answer session at the end of the keynote. Salaman entertained the various questions by audience.
Future Blockchain Summit is an integral part of GITEX Global. The four days event took place in Dubai World Trade Center from 16th to 20th of October. The event is the largest event of its kind in the region and attrracts a large number of visitors from across the globe.