Invoice checking market has been gaining the popularity. Though in the age of AI, this market is more or less machine dominated and not a lot of job bringing type of market. Basically the items in the invoice checked against the bill and the items they get back. So the UAE based company Haifin that works in this market of invoice discounting and invoice checking is turning towards the blockchain market.

So the Haifin's expansion plans of the invoice market is going to bring more blockchain based market business. This would help the company develop even more further. So you may find that UAE based fintech platform is actually implementing the smart contracts in this sector. 

Based on the data that the Haifin has got so far there are lot of duplicate transactions and the requests that are coming out in the market. Total of amount AED 200 billion has been identified by the invoice checking market. And this has been done around with the 13 banks from the UAE and also the total invoice checking progress has been done since the 2021 and that is what they documented in their recently press releases. 

As per the report Haifin in entering into the azerbaijan market too. You can check the report here. Company has been entering into the Africa and the Middle east market for addressing variety of the same issues in the invoice discount and invoice checking and validation market in the blockchain. So they seem to be doing good in this part. You can expect UAE being more aggressive in this market and acquiring new customers.

Company was previously called the UTC and now they are renamed to the Haifin. As they are working in the field of the validation, fraud detection and also verifying the invoice checking. You would notice that there would be some level of progress that is about to happen. In that context you can see that company would be developing the blockchain solutions even more further.