BLOCKCHAIN BASED INVOICING • More than 90% of all invoices worldwide are still processed manually • Volume for e-bills/e-invoices will achieve at least 36 billion word-wide with annual growth rates of 10-20% in 2017 • Estimated size of E-invoicing market is 3.3bln euro in 2017 with expected growth to 16.1bln in 2024 • 400 billion invoice/bill volume estimate in B2B/B2C/B2G/ G2C/G2B MARKET • 300.000+ Public Administrations to support e-invoicing standards as per EU directives 2014/24/EU and 2014/55/EU • Distribution channels changing from B2B Direct to B2B Service providers in EU • B2B e-invoicing volume in North America predicted to grow by 20% • Invoice-related digitalization in Latin America becomes a standard • 47% of business receivables were fraudulent invoices in 2016 • 40% of European invoices are defaulted on or paid late • Less than 10% of invoices are currently digitised • No common and affordable data exchange platform among trading partners • True peer-to-peer immutable solution • Advanced encryption of data • Integrity, authenticity and privacy • Low transaction costs • Near real-time information exchange FUTURE TRENDS CHALLENGES BLOCKCHAIN SOLUTION COST COMPARISON: PAPER VS. E-INVOICING Sources: 1. Billentis Opuscapita E-invoicing Report 2017, 2. EESPA - European E-invoicing Service Providers Association, 3. World Finance - Building the Future with Electronic Invoicing ONE-TO-ONE DOCUMENT EXCHANGE BENEFITS Blockchain can deliver over savings compared to e-invoicing, while providing transparency and trust among parties. 90% FAST & SECURE DELIVERY TRANSPARENCY & LESS DISPUTES IMPROVED CASH MANAGEMENT EXTENDED CON- TROL & REDUCTION OF FRAUD TAX COMPLIANCE & REAL-TIME AUDITING ENVIRONMENTALLY FRIENDLY www.sophiatx.com