The Study On The Application Of Block Chain Technology In Supply Chain Finance

Supply chain finance is an effective way to alleviate the financing difficulties of small and medium-sized and micro enterprises and help financial institutions expand their profit sources,and build a bridge for the connection between financial institutions and small and medium-sized enterprises,optimize the financing methods and processes of small and micro enterprises,reduce the operation cost of the whole supply chain and improve the operation efficiency.However,in practice,there are still many problems in the process of supply chain finance,such as information separation,the credit of core enterprises cannot be penetrated at multiple levels,and the financing cost of small and micro enterprises is high.The mode of supply chain finance needs to be innovated.The blockchain can realize decentralized,data difficult to tamper and other security trust mechanisms with its technical characteristics,which can enhance the reliability of upstream and downstream business data of supply chain,reduce the difficulty of risk control,strengthen multi-party trust and cooperation,improve the information asymmetry,consolidate the trust stone,and have the potential of innovation and breakthrough in the field of supply chain finance and reshape the financial service capability.Effectively release the potential energy of the whole chain financing.Therefore,it is of great practical significance to explore the application of blockchain technology in supply chain finance.Based on the current development of supply chain financial business,aiming at the shortage of the existing supply chain financial business,combined with the principle and characteristics of blockchain technology,this paper expounds the application process and application value of blockchain technology in supply chain finance.This paper selects the financial service platform of the supply chain of receivables chain based on blockchain technology of Zheshang Bank as a case,introduces the business process of the platform,and illustrates how to use blockchain technology to enable supply chain finance to solve the problem of enterprise financing difficulty by combining with specific enterprise examples.On this basis,the innovation advantages of the platform and the value created by the service platform based on blockchain technology to the core enterprises,small and micro enterprises and banks in the supply chain is pointed out,and the challenges they may face in the current practical application process are pointed out.Finally,this paper puts forward suggestions on accelerating core technology innovation of blockchain,establishing corresponding risk supporting mechanism,At the same time,improve the laws and regulations of blockchain technology and other suggestions,in order to promote the better application of blockchain technology in supply chain finance.