Research On The Application Of Micro-enterprise Chain Platform Based On Blockchain Technology In Supply Chain Finance

Small and medium-sized enterprises are an important part of China's economic development,but their operation and development have been facing difficulties in financing,financing is expensive.In recent years,the escalating trade friction between China and the United States,as well as the continuous spread of COVID-19 in 2020,Chinese enterprises are faced with more severe economic environment test.The OECD report notes that only 53.1 per cent of companies have access to bank funds,and more than 45 percent of SMEs have financing rates above 8 percent.The development of supply chain finance provides a solution to the difficulty and high cost of financing for SMEs in China.In 2020,the market scale of supply chain finance in China will be about 15.8 trillion yuan.By providing enterprise credit guarantee at the core,supply chain finance can effectively alleviate the problem of difficult and expensive financing for small and medium-sized enterprises.However,in practice,there are many problems in the development of supply chain finance,such as information asymmetry,trade authenticity verification,blocked credit transmission,low efficiency of transaction process,not transparent business process and high financing cost.Block chain technology has the characteristics of decentralization,data cannot be tampered with,traceability and so on,which has a natural match with supply chain finance.In 2020,more than 20 provinces and cities in China pointed out in government reports that it is necessary to encourage the use of block chain technology to solve financial development problems.This paper is mainly divided into five parts.The first part is the introduction,which mainly expounds the research background,research significance and research ideas,and sorts out the relevant research status of supply chain finance and block chain technology at home and abroad.The second part mainly analyzes the definition of supply chain finance and related theoretical basis,development stage and typical business model.The third part is the case analysis.Firstly,the existing problems of traditional supply chain finance and the characteristics of block chain technology are analyzed.On this basis,the optimization model of supply chain finance business under block chain technology is further analyzed.The fourth part takes Skyworth Group's application of micro-enterprise chain platform as a case study,introduces how the micro-enterprise chain platform is applied in supply chain finance,and analyzes the value of the platform and the advantages of the platform used by each participant.The fifth part is the conclusion and suggestions.It gives relevant policies and suggestions for the development of supply chain finance based on block chain technology from three levels of government,industry and enterprise.