mintBlue partners with VISMA | Yuki

mintBlue Selected by VISMA | Yuki

mintBlue, an Amsterdam-based blockchain infrastructure provider, has been selected by VISMA | Yuki to incorporate blockchain technology into its accounting platform. This integration allows the authenticity of receipts and invoices to be automatically verified. It represents the first step in fully secure automation of invoice processing and payment. Once a sender places an invoice in the blockchain, neither the sender nor recipient can change it. mintBlue's technology enables the invoice to be automatically validated based on its blockchain-based counterpart, the invoice NFT. When both invoices are identical, automatic processing and payments can take place.

Not Dependent on Third Parties

Blockchain is an always-available database that is not dependent on third parties. No single central party has control over the information, so users can assume that the data is and will remain correct. Companies can validate whether an invoice they received is authentic in a split second. VISMA | Yuki can also process paper receipts securely via the blockchain -- the receipt is given a QR code before being sent to the blockchain, and when processed, Yuki scans the QR code and validates it with the blockchain version. Automatic processing then takes place in the accounting system.

A 100% Automated Accounting System

Since its founding, Yuki has been working on a smart solution to a complex problem. By adding blockchain NFT invoicing to their accounting platform, they are sure that incoming invoices are correct. It is also possible to always retrieve a digital version of physical receipts from the blockchain. With CEO fraud and other security challenges, being able to trust incoming invoices 100% is critical. With the implementation of NFT invoicing, VISMA | Yuki is taking a big step towards realising their goal of a 100% automated accounting system.

With CEO fraud and other security challenges, it is important to be able to trust incoming invoices 100%. With the implementation of NFT invoicing, we are taking a big step towards realizing our goal; a 100% automated accounting system. -- Jeroen van Haasteren, Head of Product at VISMA | Yuki

Blockchain and the Future of Accounting

Before blockchain can play a significant role in secure invoice processing, more software vendors must connect to this open NFT invoicing protocol. If more companies incorporate NFT invoicing technology into their software, each invoice will have an encrypted digital variant that the software can retrieve from the blockchain, where recognition and correctness is always 100% accurate. With the blockchain, there are no limitations of depending on external parties -- you always remain the owner of your data, even if the companies around it were to disappear. VISMA | Yuki and mintBlue are calling on other service providers to join NFT Invoicing to make administration more accessible and safer together.