Research On The Influencing Factors Of The Adoption Of Blockchain Technology By Core Enterprises In Supply Chain Finance

Financing difficulties and expensive financing have been the two major obstacles to the development of small and medium-sized enterprises for a long time,especially under the impact of the epidemic situation.Many small and medium-sized enterprises' cash flow is unsustainable,which lead to the plight of survival.In order to solve the predicament,the state has put forward a series of policies for help,include taking supply chain finance as an important channel to help small and medium-sized enterprises tide over the difficulties.However,supply chain finance is facing information asymmetry,the difficulty of trade authenticity audit,and the development of data security now.With the rise of block chain technology,it is found that its traceability,non-tampering,decentralization and other characteristics can solve the "bottleneck" problems of supply chain finance.At present,the mode of " block chain + supply chain finance " is most used in the three scenarios,they are accounts receivable financing,advance payment financing and inventory pledge financing.The essence of the mode is to transfer the credit of core enterprises to multilevel suppliers,and the transformation mainly in the block chain supply chain financial platform.Since core enterprise credit is the cornerstone of the whole platform,so the core enterprises' adoption of block chain technology is related to the operation of the platform,and also affect whether all enterprises in the whole supply chain can use this model to obtain more and lower cost financing.Therefore,this paper attempts to take the core enterprise as the starting point to find out what factors affecting the core enterprises' adoption of block chain technology in supply chain finance.During the process of research,literature review,field investigation,empirical analysis and other methods are used.To some extent,the result of the research will make up domain blank and provide some reference in the promotion of "block chain + supply chain finance".Based on what said above,firstly,this paper analyzes the concept and present situation of supply chain finance,block chain technology,core enterprise,introduces the classical information technology adoption theories.Secondly,according to the characteristics of the survey object,the UTAUT model is selected as the basic model of this study.Based on the field investigation results and UTAUT model,the theoretical model of block chain technology adoption of core enterprises in supply chain finance is constructed.Thirdly,carefully designed questionnaire to carry out the investigation.Fourthly,using SPSS 23.0 and AMOS 23.0 to analyze the data of 331 selected valid questionnaires.The results show that performance expectation,effort expectation,social influence and leader's scientific and technological literacy have a positive impact on the adoption intention and behavior of core enterprises;contributing factors have a positive impact on the adoption behavior of core enterprises;while perceived risk has a negative impact on the adoption intention and behavior of core enterprises.What's more,it is proved that adoption intention has a mediating effect between independent variable and adoption behavior.Finally,according to the research results,this paper puts forward suggestions from the perspective of government,core enterprises and third-party block chain supply chain financial platform service providers.