Innovation of Supply Chain Finance Model Based on Blockchain Technology

Abstract

Taking the whole industry as the main body and providing financial services to the upstream and downstream of the whole supply chain (SC) is the main feature of SC finance. However, there are some problems in the process, such as poor information communication for financing enterprises and backward management mode, which pose certain risks to banks and other financial institutions. In recent years, blockchain technology has been developed rapidly, especially in financial services. However, there is little research on it in China. Therefore, this paper puts forward the innovation mode of blockchain technology in SC finance. This paper makes an in-depth research and Analysis on the blockchain technology and SC finance, and believes that the main problems in the current SC finance can be better solved with the assistance of blockchain technology, which has a positive role in improving the overall service capacity of China’s SC finance. In this paper, the characteristics of the application of financial blockchain technology are analyzed in detail. In order to further study, this paper investigates the current situation of the application and development of blockchain technology in China. Through sorting out the public data, it can be seen that by 2019, the number of supporting policies for blockchain in China has reached 135, and the number of relevant blockchain entrepreneurship activities has also reached 176, which shows that blockchain technology has a good prospect for the use of SC finance. This paper studies the innovation mode of blockchain technology in SC finance, and analyzes that blockchain technology is an indispensable important tool in the development of SC finance and plays a key role in the development of SC finance.