Research On The Development Of Commercial Bank Supply Chain Financing Under Blockchain Technology

With the transformation of the social division of labor and the operation of enterprises,the concept of the overall coordinated development of the supply chain has become clearer.The development of supply chain financing has also become an important way to alleviate the financing problems of Small and medium-sized enterprises and promote the development of commercial banking business.Research data from the China Commercial Industry Research Institute shows that the scale of China's supply chain financial market is expected to reach 27.01 trillion yuan in 2020,and the growth rate of the supply chain financing market will remain at 20% from 2018 to 2020 the above.Facing the huge supply chain financing market,the State Council issued the Guiding Opinions on Actively Promoting the Innovation and Application of Supply Chain in October 2017,stating that it is necessary to strengthen supply chain financing innovation and increase application pilots,which means that the development of supply chain financing will become a new point of economic growth and support.Domestic commercial banks face many bottlenecks during the development of traditional supply chain financing.Information asymmetry brings about the problem of information islands,and secondary or N-level enterprises in the supply chain cannot obtain transaction credits based on core enterprises,which limits the service scope of supply chain financing and prevents commercial banks from following up capital and information flows in a timely manner.The difficulty of information authenticity also increases the difficulty for commercial banks to control business risks,leading to the occurrence of risk events.In addition,commercial banks need information technology support in the process of developing supply chain financing,while domestic commercial bank supply chain financing business still has deficiencies in information system construction and fintech application,which affects the improvement of business efficiency.With the continuous expansion of "Blockchain +" application scenarios,blockchain technology has begun to be combined with supply chain financing.Certain characteristics of blockchain technology can meet the needs of supply chain financing development and break through the development of traditional supply chain financing business.Therefore,it is necessary to explore the mechanism of block chain technology for supply chain financing to demonstrate its optimization and innovation of traditional supply chain financing business of commercial banks.At the same time,there are still many issues worth discussing regarding the current status of the application of blockchain technology in the supply chain financing business.This article studies the financing problem of commercial banks' blockchain supply chain through literature research and case analysis.First of all,this article explains the relevant theories and principles of blockchain and supply chain financing,and fundamentally understands blockchain technology and supply chain financing.Second,the case of Zheshang Bank is introduced to explain the situation of Zheshang Bank's traditional supply chain financing business and blockchain supply chain financing business.Again,analysed the case,summed up the positive effects and deficiencies of Zheshang Bank's traditional supply chain financing business.After combining blockchain technology,how does Zheshang Bank solve the problems of information asymmetry limitation and break through information island;At the same time,the status quo and potential problems of the application of blockchain technology were also discussed.Finally,combined with the analysis of the case,On the one hand,put forward corresponding countermeasures to the existing shortcomings of Zheshang Bank,on the other hand,summarized relevant experience and suggestions for the development of the industry: pay attention to the research of blockchain technology,strengthen domestic and foreign cooperation to formulate unified standards,build industrial alliances and strengthen cooperation with the government,with a view to laying a good foundation for the development of commercial bank blockchain supply chain financing business.This article selects Zheshang Bank as a typical case for discussion,and analyzes and prospects the application status of blockchain technology in supply chain financing and future industry development.