Case Analysis Of "Ping An Good Chain" Supply Chain Finance Platform Based On Block Chain

Supply chain finance is the product of modern economic development.Through the effective combination of real economy and financial capital,it can not only solve the financing dilemma of small,medium and micro enterprises,but also expand the relevant business of banks and other financial institutions.Developing supply chain finance is the main measure to encourage China's financial structure reform and boost financial services to the real economy.In March 2021,the government mentioned "innovative supply chain financial service model" for the first time in its work report to support and encourage the healthy growth of supply chain finance.However,the development of supply chain finance has been restricted by information asymmetry,limited credit scope and ineffective control of performance risk,and its development has gradually entered a bottleneck period.Blockchain,as one of the important means of financial technology,has technical features such as distributed ledger,smart contract and tamper-evident traceability,which can effectively solve the development problems of traditional supply chain finance and enhance its risk prevention and control ability,bringing a new opportunity for the development of supply chain finance.Ping An Bank has been deeply engaged in supply chain finance for many years,and has applied the integration of block chain technology to supply chain finance,creating a new supply chain finance model of Ping An Bank."Ping An Good Chain" platform is one of the typical representatives of the integration of block chain and supply chain finance.In this paper,on the basis of combing relevant literature and summarizing the basic principles of the application of blockchain technology in supply chain finance,the "Ping An Good Chain" has been deeply explored and analyzed."Ping An Good Chain" platform application block chain innovation technology to solve the contradiction of data privacy and sharing,reduced the participation main body in the chain of transaction costs,ensure the authenticity of a bill payment,improving the bearing capacity of the financial business scenarios,weakened the supply chain finance credit risk,operational risk,fraud risk and correlation of supply chain risk,It has also produced great utility value and achieved a win-win situation among core enterprises,MSMEs and Ping An Bank.However,the development of "Ping An Good Chain" platform also faces some challenges.In the future application process,appropriate measures should be taken to improve and innovate,such as expanding cooperation channels,learning from advanced experience and strengthening legal awareness.Finally,this paper draws inspiration from the application of blockchain in supply chain finance,such as improving the professional talent training mechanism,enhancing the risk identification of financial business,and combining a variety of fintech means,in order to provide reference for Chinese government and relevant participants in the industry.