Research On The Application Of Blockchain Technology In Supply Chain Financial Business

Under the influence of factors such as economic transformation and upgrading and the continuous innovation of supply chain financial models,the Central Bank,in conjunction with the China Banking and Insurance Regulatory Commission,and other departments jointly issued my country's first guiding document on the development of supply chain financial services in September 2020---? Opinions on Regulating the Development of Supply Chain Finance—Support Stable Circulation and Optimization Upgrade of Supply Chain and Industry Chain ?.This is the Chinese government's implementation of financial assistance to the development of the real economy and the promotion of financial supply-side reforms in order to better realize the "finance and production" The important documents announced for the goals of the country also clarified the theoretical concept of supply chain finance from the national level.At present,the business model and the number of participants in China's supply chain financial business have been greatly developed,and the scientific and technological content of financial business has also been continuously improved.Taking the research object of this article-Mi financial supply chain business as an example,the continuous integration and development of financial technology Under the general background,Mi Finance has successfully expanded its previous supply chain financial services from a primary supply chain company of Xiaomi Communication to a number of Xiaomi Group and affiliated companies through the use of a series of advanced technologies represented by blockchain technology.Grade-level supply chain enterprises have greatly enhanced the strength of supply chain finance to support the development of supply chain enterprises.This article mainly uses case analysis method,comparative analysis method and literature research method.First of all,based on reading the literature on the development of supply chain finance,this article sorts out and summarizes the current development status and problems of supply chain finance in my country,and also discusses how to use the characteristics of blockchain technology to solve the process of supply chain finance business development.The problems exposed in the paper are theoretically described.Secondly,this article analyzes the supply chain financial service platform and business process of Mi Finance with blockchain technology as the underlying technology,and discusses in detail the important role of blockchain technology in the development of financial business.Finally,by comparing the supply chain financial asset support special plan issued by Mi Finance in the early stage,it discusses the positive promotion effect of the application of blockchain technology on the service and product design of Mi Finance supply chain,and also discusses the possibility of blockchain technology.There are many issues such as moral hazard and regulatory risk.The last chapter of this article summarizes the research cases of this article based on the research of blockchain technology to promote the development of Mi's financial supply chain business.At the same time,this article also gives suggestions for improvement of this article in response to many problems found in the case study process.This article believes that the application of blockchain technology has greatly improved the service level of Mi's financial supply chain business.It has not only expanded the scope of financial services,but also provided data support for the production and operation of Xiaomi Group and its affiliated core enterprises.Assist the supply chain finance business to participate in the common development of enterprises.