Research On Blockchain And Automotive Supply Chain Finance

Under the new economic normal,the current government’s work is difficult to guide the flow of funds to the real economy,let finance better serve the real industry,and solve the problem of difficulty in financing for SMEs.As one of the key industries in the 12 th Five-Year Plan,the automobile industry involves a wide range of industries and a large degree of industrial relevance.The development of the industry not only affects itself,but also concerns the national economy and people’s livelihood.The emergence of auto supply chain finance has solved the financing problems of some small and medium-sized enterprises in the auto industry chain,but due to the information islands in the supply chain financial model,information fraud and bills cannot be disassembled and transferred,the credit of core enterprises cannot be passed across levels To the second-level and above dealers and supplier groups,the upstream and downstream small and medium-sized enterprises in the supply chain are still difficult to obtain financing.Blockchain technology relies on consensus algorithms,cryptographic encryption,distributed ledgers and other technologies to provide automated solutions to transfer trust for all participants in the current automotive supply chain finance and reduce the overall financing cost of the supply chain.Therefore,through the research and analysis of real cases,this paper discusses how to use technological innovation to break through the difficult problems of traditional automobile supply chain finance.This article first summarizes the research of domestic and foreign scholars in the field of blockchain technology and supply chain finance,combs the three main financing models of existing automotive supply chain finance,analyzes the pain points under this model,and analyzes the problems A brief introduction to chain technology lays the theoretical foundation for this paper;then it introduces the two major application scenarios of blockchain technology in the financial field,and then begins to introduce main cases.The case selected in this paper is Futian’s "ALL-link" system constructed by Foton and United Finance One Account,which is the first application of blockchain technology in the field of automotive supply chain finance.The case first analyzes the current supply chain financial products of Futian Automobile Company and the development status of the supply chain,summarizes the factors that affect the development of Futian Automobile Supply Chain Finance,and then analyzes the technical architecture model,platform operation mode and capital service of the all-link system Analyze the plan,compare the supply chain financial service plan of the all-link system with the traditional supply chain financial plan in a qualitative way,and obtain the advantages and disadvantages of the system plan,and aim at the current problems and possible future optimization of the plan Relevant suggestions for the direction,for Futian Automobile to improve its all-link platform operation,Use the platform to solve the financing problems of upstream and downstream enterprises,and promote Futian as the core of the overall value of the supply chain to provide reference opinions;At the same time,the system model and blockchain supply chain financial solution provide a certain reference for the establishment of a blockchain supply chain financial system based on core enterprises in the industry.