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  1. Accounting

Visma | Yuki solution by mintBlue

PROJECT OVERVIEW

  • Product: E-invoicing and data authentication

  • Client: Visma | Yuki (powered by mintBlue)

  • Solution Provider: mintBlue

  • Industries: Accounting

  • Geographic Reach: Primarily Netherlands and broader European market

  • BSV Integration Start Date: Not available

BUSINESS CHALLENGES

Inefficiencies or risks existing in the supply chain:

  • Hig

  • Fragmented data systems among enterprises and regulators

  • Why traditional systems were insufficient:

  • Lack of automation and traceability

  • Inability to offer tamper-proof, real-time invoice validation

  • High reliance on centralized intermediaries

WHY BSV?

What made the BSV blockchain the ideal solution:

  • High scalability (50+ million transactions/day)

  • Low transaction fees (e.g., €400 for 50M transactions)

  • Immutable, secure, and compliant data storage

  • Stability of the protocol—no unpredictable updates

Comparison to other blockchain options:

  • BSV chosen for its fixed protocol and UTXO model, considered more suitable for enterprise use than other chains that change base-layer rules

SOLUTION ARCHITECTURE

Overview of the implemented BSV-based system:

Visma | Yuki uses mintBlue’s SDK to authenticate, store, and verify invoices on-chain via a decentralized ledger. The Dutch Chamber of Commerce is also integrated for commercial register data.

Key components:

  • Data logging: 500,000+ invoices/month; up to 50GB of data stored on-chain

  • Role of partners/vendors:

  • mintBlue provides the infrastructure and APIs

  • Dutch Chamber of Commerce enables commercial register integration

  • TAAL processes transactions on the BSV blockchain

Implementation Process

Integration with legacy ERP or SCM systems:

Integration with existing bookkeeping platforms (Visma | Yuki ecosystem)

OUTCOMES & BUSINESS IMPACT

Quantifiable improvements:

  • Enabled 100% automated accounting (goal)

  • mintBlue’s SDK handled 90% of the implementation

  • 3.4 GB of data published in 2023; 899 MB retrieved

  • 50.5 million simulated documents processed in one day

Before vs after metrics (where possible):

  • Transition from potentially fraudulent manual systems to secure, automated, real-time validated invoices

Stakeholder feedback:

  • Easier auditing, improved transparency, time and cost savings

  • Reduced security risks and improved fraud detection

CHALLENGES & MITIGATIONS

Technical or operational challenges encountered:

  • Integration with existing systems

  • Complexity and lack of blockchain expertise

  • Privacy and encryption requirements

How the team leveraged BSV’s capabilities to overcome them:

  • Standardized APIs made integration easy

  • Data locally encrypted before pushing to chain (non-custodial model)

  • BSV’s stable protocol and scalable architecture enabled seamless processing

FUTURE VISION

Expansion plans:

  • Further adoption within Visma ecosystem (100,000+ SMEs)

  • Exploring AI output verification and biometric data ownership

  • Partnering with other bookkeeping systems to enable interoperability

Additional BSV functionalities to be explored:

  • Micropayments

  • Smart contracts for automation

  • NFT-style verifiable credentials for identity

TESTIMONIAL HIGHLIGHTS

  • “With mintBlue, we are taking a big step towards achieving our goal; a 100% automated accounting system. mintBlue’s SDK took care of 90% of the solution.” – Jeroen van Haasteren, CTO at Visma | Yuki

  • “I wouldn’t trust any other blockchain because your whole business could change tomorrow if their underlying protocol changes.” – Niels van den Bergh, CEO at mintBlue

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Last updated 2 months ago

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https://mintblue.com/case-studies/visma
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