New Model of Sustainable Supply Chain Finance Based on Blockchain Technology

Abstract

Blockchain technology has received more and more attention from all walks of life and has also been sought after by the market and financial institutions. More and more financial institutions and Internet companies have begun to participate in the research of blockchain technology. The application scenarios are also constantly expanding, and the landing in the financial field is the focus of all social concerns. This article takes Agricultural Bank as an example, analyzes its current advantages and disadvantages in using blockchain technology, and proposes policy recommendations based on this to provide a reference for joint-stock commercial banks to better use blockchain technology to improve business performance. Based on the theoretical analysis, this article studies the use of blockchain technology by joint-stock commercial banks, and selects Agricultural Bank, which has a well-developed financial technology in joint-stock commercial banks, as a case study. From the operating background of the agricultural bank and the cross-border payment and settlement business, the background begins with the agricultural bank's own business practices in blockchain technology and the traditional cross-border business and the innovative development of agricultural bank's blockchain technology, and then the application of event analysis to the application effects of agricultural bank's blockchain technology analysis. This paper analyzes the SWOT-PEST of the agricultural bank's use of blockchain technology, combined with the theoretical analysis of blockchain technology in this article, comprehensively analyzes the agricultural bank's use of blockchain technology in four aspects: policy, economy, society, and technology. Strengths, weaknesses, opportunities, and challenges. Through analysis, we can have a comprehensive view on the application of blockchain technology by Agricultural Bank, and based on this, we can summarize the problems that Agricultural Bank may have in applying blockchain technology. Through the analysis of the blockchain, we can see that the growth rate of agricultural bank's net profit was higher in 2013 and 2014. Finally, the article puts forward suggestions for the development of agricultural bank under the blockchain technology.