Research On The Application Of Blockchain In Supply Chain Financial Risk Management

For a long time,China's small and medium-sized enterprises because of their own unstable operation,lack of collateral and other reasons,it is difficult to obtain financing support from financial institutions.With the emergence of supply chain finance,the financing difficulties of small and medium-sized enterprises have been alleviated to a certain extent.However,due to the large number of participants in supply chain finance and the problem of information asymmetry among participants,financial institutions are prone to face credit risks when granting credit.Due to the opacity of information on the supply chain and the difficulty in controlling risks,financial institutions are unwilling to provide loan support to small and medium-sized enterprises at the end of the supply chain,which greatly restricts the development of supply chain finance business.With the emergence of block chain technology in recent years,block chain technology has the characteristics of natural fit with supply chain risk management,and can solve the pain points that restrict the development of supply chain finance.Therefore,it is necessary to study the mechanism of the application of block chain technology in the risk management of supply chain finance,solve the problem of information asymmetry existing in the participants of supply chain,promote the development of supply chain finance,so as to reduce the financing cost of small and medium-sized enterprises.This paper uses literature analysis,comparative analysis and case study methods to carry out research.First of all,the basic principles,characteristics and application scenarios of block chain technology are introduced,paving the way for the following research on the combination of block chain technology and supply financial risk management.Then,it analyzes the development of supply chain finance and its potential risks,introduces the development process and current situation of supply chain finance,and introduces the financing mode of supply chain finance,and points out the risks faced by financial institutions to carry out supply chain finance business.Then,it discusses the methods of financial institutions to manage supply chain financial risks under the traditional model,and the existing deficiencies.Thirdly,the advantages of using block chain technology to manage supply chain financial risks are analyzed,and combined with existing cases,the specific operational procedures and application effects of using blockchain to manage supply chain financial risks are further analyzed.After analysis,it is concluded that block chain technology has great application value for financial institutions to manage financial risks in supply chain.Finally,after summarizing the actual cases and sorting out the obstacles faced by the current application of block chain in supply chain financial risk management,it is pointed out that the application of block chain technology in the management of supply chain financial risks still has problems,such as the authenticity of the data before the chain is not guaranteed,there are still barriers at the technical level,each participant needs a certain adaptation period for the use of new technology,the lack of standard industry standards and human resources,and the lack of laws and relevant supervision.In view of the above problems,the paper gives a combination of using with the Internet of Things,big data and other financial technologies to ensure the authenticity of the original data and in-depth technical research and development.Guarantee the safety of technology,increasing the block chain under a new mode of supply chain finance financing the propaganda,to improve relevant industry standards and developing financial science and technology talents,accelerate the construction of laws and regulations and to carry out the countermeasures such as regulatory responsibilities,in order to promote the application of block chain in supply chain financial risk management.