Research On The Application Of Blockchain Technology In Supply Chain Finance

According to data from the National Bureau of Statistics in 2019,more than 45%of SMEs in my country still have financing rates greater than 8%.In the fierce market competition,sufficient capital flow is very important for enterprises.Many SMEs have good development opportunities but their development is slow due to insufficient cash.However,large enterprises and economic powers have a very large advantage in the supply chain.Small and medium-sized enterprises and backward regions have always been at a disadvantage.Generally speaking,it is mostly due to the low financial support coverage of small and medium-sized enterprises and backward regions,the serious information asymmetry,and the core Problems such as the difficulty of cross-level transfer of corporate credit have made SME financing a shortcoming in the development of supply chain finance.Since 2016,my country has successively introduced policies to encourage the use of blockchain technology and other financial technologies to promote industrial innovation and development.Supply chain financial innovation under the blockchain architecture can break through the existing third-party credit model,business model,and business model,and there is a huge room for innovation.Therefore,this article takes Ant Financial's "Double Chain Link" as the case study object to explore the application of blockchain technology in supply chain finance,what is the implementation path,and what development constraints currently exist,and targeted Make development suggestions.First of all,this article analyzes its existing problems with the combination of financial innovation theory,information asymmetry theory and transaction cost theory combined with the characteristics of supply chain finance development.Secondly,based on the introduction of the case study object,the advantages and motivations of Ant Financial's "Shuangliantong" in introducing blockchain technology are analyzed,and it is found that "Shuangliantong" has sufficient conditions and reasons to introduce blockchain technology.Into supply chain financial services.Thirdly,analyze the implementation path of "Shuangliantong" applying blockchain technology to supply chain finance,and analyze its realization path from the three levels of technology,practice and effect,combined with the analysis of the current development status of "Shuangliantong" The possible internal technology and external regulatory constraints for its further development in the future.Finally,development suggestions are given for both internal technology and external supervision.In this article's analysis of the “Shuangliantong” application of blockchain technology to supply chain finance related issues,this article draws the following conclusions: The existing supply chain financial services can rely on the credit mechanism provided by blockchain technology to serve The current existing financial support coverage rate is low,information asymmetry is serious,core enterprise credit is difficult to cross-level transmission and other issues to provide solutions,but the future development still needs to further overcome internal technical problems and the state's assistance in external supervision,the two aspects go hand in hand In order to protect the healthy development of supply chain finance with blockchain technology.