Populous and bBiller have reached a collaboration agreement which will make it possible to message ERC-20 Ethereum smart contracts under international standards. The move will make it possible for the accounting software industry to generate a raft of billing related documents directly from their customer’s accounting packages. Conversion of the industry’s standard Universal Business Language (UBL), from XML to Ethereum is currently underway through http://ausdigital.org/
Businesses in the Australian economy exchange approximately 1 Billion invoices per year to a total value of around AUD $4 trillion and, on average, payment is made 55 days after the invoice is issued.
Stephen Rowlison, CEO of bBiller said, “With Populous we will be able to offer trade finance to our end users reducing payment delays and slash costs”