Abstract
The swift advancement of information technology has facilitated the evolution of supply chain finance (SCF) into a novel financial tool, experiencing substantial global growth. Numerous e-commerce platforms in China, capitalizing on the "Internet Plus" era, have introduced SCF services to mitigate the financing challenges encountered by small and medium-sized enterprises (SMEs). To overcome the limitations prevalent in conventional SCF, the integration of blockchain technology has led to the innovative "Blockchain + SCF" model. This paper scrutinizes JD SCF model as a case study to examine the implications of blockchain-empowered SCF, employing methods such as case analysis, comparative analysis, and literature review. It first offers an in-depth examination of JD "Blockchain + SCF" model, shedding light on the advantageous effects of blockchain technology. Further, it acknowledges the novel issues and hurdles that this model encounters, necessitating collective efforts for resolution through illustrative case studies. Ultimately, the study reaffirms the strong competitiveness of JD "Blockchain + SCF" model among peer organizations, emphasizing its strengths and suggesting potential future trajectories. This research may contribute valuable perspectives for both theoretical and practical applications in related domains.
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