Research On Optimization Of Ping An Bank's Supply Chain Finance Business Based On Block Chain Technology

Supply chain finance is based on real transaction information and backed by core credit of enterprises,which is of great significance to solve the problem of difficult and expensive financing for small and medium-sized enterprises.In October 2017,the general office of the state council issued the guiding opinions on actively promoting supply chain innovation and application,which clearly pointed out that "actively yet prudently develop supply chain finance and promote supply chain finance to serve the real economy." "Research the use of block chain,artificial intelligence and other emerging technologies,the establishment of a credit evaluation mechanism based on the supply chain." As the first bank in China to carry out supply chain finance business,Ping an bank actively responds to the national policy and breaks the bottleneck of supply chain finance business development through block chain technology under the background of "technology-led" transformation.Firstly,this paper describes the development of supply chain finance business of ping an bank,and analyzes the business process and risk of accounts receivable financing mode,prepayment financing mode and inventory financing mode,and through the SWOT model analysis,it is concluded that the supply chain finance business of ping an bank can take a growth-oriented strategy based on the current market environment and development status,and develop with the help of financial technology.Secondly,this paper combines the application of block chain technology by ping an bank under the background of technological transformation,studied the path and specific plan of block chain to solve the supply chain finance problem of ping an bank,and through "Fu Jin Tong" digital bond certificate to prove the application value of accounts receivable financing model based on block chain technology.Finally,this paper analyzes the impact of block chain technology on ping an bank,through data comparison,it is proved that the application of block chain technology can reduce the cost,reduce the risk and increase the number of customers of supply chain finance business,and can improve ping an bank's customer acquisition ability,risk control ability and profitability,meanwhile,this paper points out the limitations of block chain technology.In the future business development,ping an bank needs to improve the performance of the platform,strictly control the credit risk of its core customers,establish a data risk control system and improve risk compensation measures,so as to better realize financial services and value creation.