Research On Block Chain Technology In Applications Of Supply Chain Finance

Supply chain finance is mainly to provide financial solutions to small and medium-sized enterprises or small and micro enterprises.This business mainly uses core enterprises as credit endorsements to serve its upstream and downstream companies,thereby realizing the cooperation and development between logistics companies,banks and enterprises.However,supply chain finance was implemented in China for several years,but its business scale did not have a breakthrough.This is constrained by the fact that its business model is affected by the incomplete disclosure of information and the difficulty of credit risk assessment,which restricts the rapid development of SMEs.Since Bitcoin appeared in people's eyes in 2009,the blockchain technology behind it has rapidly become popular.Under a decentralized and trust-building mechanism,global financial giants and financial technology companies have poured into the industry.The explosion of exploration for blockchain platforms and applications has also grown.The core of the blockchain is the establishment of trust relationships.Each transaction recorded in the block cannot be tampered with;the distributed accounting and storage mode of the blockchain guarantees the uniqueness of the data.These features will be applied to supply.Chain finance has a positive effect.This paper proposes corresponding countermeasures from the common problems in supply chain finance,including the use of blockchain anti-tampering features to solve supply chain financial credit risks,using smart contract technology to solve supply chain financial operations risks,distributed through the blockchain Technology solves supply chain financial project risks;and uses blockchain features to improve the efficiency of supply chain finance in clearing and settlement.Taking energy supply chain finance as an example,it discusses innovative applications in the microgrid and new energy trading platform.It is hoped that blockchain technology can help the SMEs supply chain financial model to jointly innovate and stimulate the financial vitality of SMEs while controlling the risks in the financial industry.This article also summarizes the possible problems in the actual production environment of blockchain technology and its potential impact in practical application scenarios.At the same time,it also looks forward to the development prospects of blockchain technology in supply chain finance.