Blockchain-Enabled Secure Logging for Fiscal Electronic Mechanisms: Evaluation of the Greek eSEND and myDATA Tax Systems

Panagiotis Mavridis, Anargyros Baklezos and Christos Nikolopoulos

Papers from arXiv.org

Abstract: This paper analyzes the implementation of blockchain-based integrity mechanisms in Greek Fiscal Electronic Mechanisms (FEMs) and the central tax information system eSEND. The study examines the cryptographic architecture of fiscal devices, including Electronic Cash Registers, Fiscal Printers, Fiscal Signing Machines, and FEMAS devices, which implement double or triple hash-chain structures to ensure transaction immutability. The transmission protocol between fiscal devices and the central database is also evaluated with respect to encryption, sequential validation, and blockchain verification. In contrast, the architecture of Electronic Invoicing Provider Services and the myDATA central platform is analyzed, highlighting the absence of blockchain-based integrity guarantees. The comparison demonstrates that hardware-based fiscal mechanisms provide stronger guarantees for transaction completeness and tamper resistance than purely software-based invoicing infrastructures. The findings highlight architectural weaknesses in the current e-invoicing framework and propose improvements for ensuring transaction integrity in digital tax ecosystems.

Date: 2026-09
New Economics Papers: this item is included in nep-pay
References: Add references at CitEc
Citations:

Downloads: (external link)
https://arxiv.org/pdf/2609.04356 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2609.04356

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().