The Application Research Of Blockchain Technology In Supply Chain Finance Of A Bank

Blockchain technology has gained worldwide attention since it entered people’s field of vision with bitcoin in 2008,and has gradually gained popularity in the market.Especially in the past five years,a large number of financial institutions and Internet companies have begun to form teams to study blockchain technology,and the application of blockchain is also expanding.Successful application in the financial industry is the largest in all fields.The blockchain technology is advancing not as fast as expected in terms of landing,but its future is still promising.If commercial banks seize the opportunity of blockchain technology development,they will have the opportunity to further develop in the information technology era.This paper starts with the literature research of blockchain in commercial banks and supply chain finance.Firstly,it introduces the concept,principle,characteristics and operation process of blockchain,compares the blockchain + supply chain finance model with traditional supply chain finance model.The result shows the role of blockchain in supply chain finance is mainly in two aspects: One is to improve the process,and the other is to reduce the risk.Secondly,SWOT-PEST analysis is used on the application of blockchain technology in A commercial bank,and combines with the theoretical analysis of the previous article,to comprehensively analyze the advantages,disadvantages,opportunities and challenges of using block chain technology in A commercial bank in four aspects:policy,economy,society and technology,and it also makes summary to provide a comprehensive view on the feasibility of using blockchain technology in A commercial bank.Thirdly,this paper analyzes the specific practice of A commercial bank,starting from the business background of A commercial bank and the background of supply chain finance,to A commercial bank’s own business practice in blockchain technology and the innovation and development of traditional supply chain finance and Blockchain technology.It is believed that A commercial bank blockchain + supply chain financial platform optimizes the assets,risk management and credit system,and improves the financing efficiency.Finally,based on the potential problems,the paper puts forward suggestions for the development of A commercial bank under the blockchain technology from the aspects of the platform construction of commercial banks and the application scenarios of blockchain technology of commercial banks in China.