Research On The Business Model Of "Blockchain + Supply Chain Finance" Of Yijian

Supply chain finance has great potential for value development in the financing process of small and medium-sized enterprises,and has a broad application space.The entire industry occupies a trillion-level market worldwide,but it once encountered information asymmetry,trust transmission difficulties,and process procedures during its development.The bottleneck constraints such as complexity and high cost of credit enhancement.In this context,third-party supply chain companies that have accumulated resources have begun to enter the field of supply chain finance.In recent years,blockchain has become the focus of technological innovation in the financial field.As a distributed storage technology,blockchain can solve trust issues through consensus mechanisms,prevent performance risks through smart contracts,enable credit to be effectively transmitted along the supply chain,reduce transaction costs,improve performance efficiency,and effectively solve traditional supply chain finance There are many pain points,optimizing the traditional supply chain finance model,helping supply chain finance to break the bottleneck and innovate development,which will inevitably have a huge impact on the business model of supply chain enterprises.In view of this,this article selects the first batch of domestic supply chain companies with the application of blockchain technology—Yijian Co.,Ltd.as a case company to study the innovative changes that the application of blockchain technology has brought to Yijian's business model.The problems that arise have targeted optimization suggestions in order to more effectively integrate blockchain technology with the business model of supply chain companies,and provide a reference for the transformation and upgrading of supply chain companies' business models.First,this article introduces the connotation of blockchain technology and related theories of supply chain finance.Secondly,it expounds the status quo of domestic supply chain finance development,analyzes its restrictive factors,and analyzes the necessity and feasibility of blockchain technology in the application of supply chain finance model from both the mechanism of action and the realization path.Thirdly,on the basis of theoretical analysis,taking Yijian as an example,combining the theoretical analysis results with actual cases,introduced Yijian's product innovation,business innovation and business innovation under the "blockchain + supply chain finance" business model.Service innovation.Finally,the effects of the application of blockchain technology are analyzed from three perspectives: 1.In terms of the operating effects of Yijian's own business,the application of blockchain not only achieves the leap-forward growth of the original business,but also expands The scope of business,the new profit points,and the improvement of the company's market competitiveness;2.A comparison of operating performance with companies in the same industry that has not applied blockchain technology and found that since the application of blockchain,the solvency of Yijian Shares Although the four aspects of operation ability,growth ability and profitability have their own advantages and disadvantages,the overall ranking is on the rise,and they are ultimately superior to peer companies.3.For the entire supply chain,the application of blockchain optimizes the overall effect of supply chain operations on the platform.Therefore,it can be said that the business model of Yijian Shares has incomparable advantages compared with the traditional supply chain finance model.The easy-to-see cases are referential and worthy of promotion.They can provide a brand-new solution for the transformation and upgrading of traditional industries.At the same time,they can also provide direct reference for companies that want to get involved in the "blockchain + supply chain finance" business model.