Research On Blockchain Technology To Reduce Supply Chain Financial Risks

Supply chain finance,as an important solution to the financing problems of small,medium and micro enterprises,occupies a large proportion in the Chinese market,and there is a wide range of market competition space.However,due to more participants involved in the main supply chain finance,complex business processes,easily lead during operation risks such as credit risk,fraud risk and operational risk during the operation process,and it can't solve the financing problem of SMEs very well.Relying on its characteristics of decentralization,non-tampering,smart contracts,etc.,blockchain technology can effectively solve the risk problems in the practical application of supply chain finance,making the traditional supply chain financial business information asymmetry and credit difficult to be transmitted to a certain extent.It is of great significance for solving the problem of reducing the financial risks of the supply chain,reducing financing costs and costs,and alleviating the difficulties and expensive financing of SMEs.The Feiluo supply chain financial services platform technology to achieve full use of block chain reached a cooperative industry of online transactions,will be digitized and standardized data based on the underlying transaction to achieve a transmissive assets under management,a substantial reduction of the supply chain business risks associated with an effective solution to the problem of financing small and micro enterprises.This provides a corresponding reference in the conduct of the relevant industry supply chain finance business use block chain technology.This article mainly uses the methods of case analysis and literature research to study the application of blockchain technology in reducing supply chain financial risks.First of all,Based on the first review of the relevant literature on the block chain technology and its characteristics summarized,supply chain financial risks defines,describes three key areas of supply chain financial risks,namely: credit risk,fraud Risk and operational risk.Secondly,the Feiluo supply chain financial service platform is introduced and analyzed in detail,focusing on the four new functions realized by the platform using blockchain technology,credit transfer,ABS management platform,warehouse receipt management and credit insurance credit enhancement.Analyzed their operating procedures and core functions,and compared them with the traditional supply chain financial model,and analyzed the advantages of the platform in reducing supply chain financial risks.On this basis,it summarizes the ways to use blockchain technology to reduce different types of supply chain financial risks,and finds the current deficiencies of the platform in reducing supply chain financial risks,and puts forward corresponding development suggestions for the future Provide reference for companies planning to use blockchain technology in supply chain finance.Finally,the corresponding conclusions are drawn,and look forward to the future development of the combination of blockchain technology and supply chain finance.