Research On The Influence Of Block Chain Technology Applied To Supply Chain Finance

In recent years,the block chain technology already no longer confined to the field of digital currency,and there are many businesses that are beginning to explore the application of block chain technology in pay,insurance,financial supply chain,digital assets transactions,and other fields,and achieved some success,such as China Minsheng bank's Letter of Credit,China Reinsurance blockchain,Ping An bank's SAS,Gongxinbao's GXChain.Since 2017,a series of policies about supply chain finance have been issued in order to solve the financing difficulties of smes.However,due to the large number of participants in supply chain finance,the four processes of logistics,business flow,information flow and capital flow in the supply chain cannot be managed effectively and uniformly,resulting in frequent supply chain finance risks.The tamper-proof and traceable features of blockchain technology are targeted to solve the problems of fake bills and reutilization of bills blockchain in the supply chain.Therefore,the research on the application of blockchain technology in the supply chain field not only has a certain advancement,but also can solve the operational risk in supply chain finance.To study the application of block chain technology in supply chain finance,this paper takes the "Fujin All-Link" system as the research case,fully introducing the "Fujin All-Link" system's financing model,and analyzing the difference between traditional mode of accounts and "Fujin All-Link" system in accounts receivable financing mode,and discussing the advantages and related risks brought by the application of blockchain technology.This paper finally puts forward the optimization suggestions ofblock chain technology of fujin's "All-link" system in supply chain finance.The study found that blockchain technology guaranteeing the authenticity of bills,reducing the moral hazard of transactions and the financing cost of enterprises,further improving the financing efficiency of enterprises in the supply chain,and activating the receivables of enterprises in the chain.On the other hand,it is also found from this case that the application of blockchain technology in supply chain finance brings technical risks and regulatory risks.In the end,this paper puts forward some suggestions.First,establish a large financial platform dominated by financial institutions.Second,platform developers should combine the Internet of things technology and block chain technology in application.Third,improve laws and regulations,and raise the platform developers' awareness of responsibility.