How Supply Chain Finance Helps SME Financing under Blockchain Technology

Abstract

Financing difficulties have always been a fatal factor restricting the survival and development of small and medium-sized enterprises. With the continuous development of technology, in recent years, relying on blockchain technology to empower supply chain finance has become one of the effective methods for small and medium-sized enterprises to obtain operating funds. This article takes Shaanxi Sun Simiao High tech Pharmaceutical Co., Ltd. and Jiangxi Ganjiu Liquor Industry Co., Ltd. as examples to explore and analyze the innovation of financing loans based on traditional financing loans and blockchain technology. Through research, it has been found that blockchain technology not only solves the problem of risk control between banks and enterprises, but also expands the financing channels of small and medium-sized enterprises with the characteristics of distributed accounting, effectively improving financing efficiency and promoting business development. This article explores how blockchain technology can serve supply chain finance, and further proposes strategies and suggestions to assist small and medium-sized enterprises in financing.