Research On The Application Of Blockchain In The Accounts Receivable Financing Business Of ZS Bank

With the increasingly fierce market competition in our country,the credit sales activities between enterprises have become more frequent,resulting in a large amount of accounts receivable,which has a certain impact on the capital turnover and operating capacity of enterprises.Accounts receivable financing is of great significance to solve the problem of shortage of funds for companies that lack mortgage assets.Although the traditional accounts receivable financing business provided by commercial banks can alleviate the problem of accounts receivable financing to a certain extent,the problem of information asymmetry between banks and enterprises is serious and the credit foundation of accounts receivable financing is lacking.Traditional accounts receivable financing business spends a lot of cost to investigate the authenticity of accounts receivable vouchers and trade background.After lending,it is necessary to monitor the flow of funds back between the financing company and the payer at all times,but even so,it is difficult to avoid the application Receivables and trade background fraud problems,corporate sales collection industry is also difficult to guarantee timely inflows into the special financing account;at the same time,accounts receivable financing generally only the first-tier suppliers of core enterprises can apply for success,and core enterprise credit cannot be applied to upstream small and medium enterprises.The traditional accounts receivable financing business has developed slowly and has limited effects.In recent years,blockchain technology has developed rapidly.Because of its decentralization,distributed storage,anti-tampering and traceability characteristics,It can effectively solve the problem of lack of credit foundation in accounts receivable financing.Distributed ledgers ensure that the data of participants are consistent,encryption and privacy technologies ensure the safety and immutability of accounts receivable,the consensus mechanism realizes trust and selfcertification through nodes to ensure the authenticity of transactions,and the automatic performance mechanism of smart contracts ensures the safety of fund return.Therefore,this article systematically sorts out the research status of the past accounts receivable financing business and blockchain technology in the field of finance and accounts receivable financing through the literature analysis method,and then introduces the concept,type,and characteristics of blockchain technology,as well as the information asymmetry theory and transaction cost theory used in the subsequent analysis,which expounds the theoretical basis of the application of blockchain technology in the financing of accounts receivable.Then it introduces specific cases in detail.Starting from the problems of the traditional accounts receivable financing business of the case bank and the targeted solutions of blockchain technology,the current blockchain accounts receivable financing business of the case bank and the corresponding Service Case.Finally,it analyzes the application effects and existing problems of blockchain technology in the accounts receivable financing business from banks,core enterprises and upstream and downstream enterprises in the supply chain,and puts forward specific suggestions for improvement.Through case analysis,this article believes that applying blockchain technology to accounts receivable financing business can effectively solve the problems faced by traditional accounts receivable financing business.For banks,it can expand the scope of customers,improve customer stickiness,optimize business processes,reduce business risks,expand business scope,and reduce business costs;For core companies,it can revitalize accounts receivable and improve the management capabilities of upstream and downstream companies in the supply chain;For upstream and downstream companies in the supply chain,it can improve the availability of financing and reduce corporate financing costs.However,in the application process,it should also pay attention to the blockchain technology bottleneck,supervision and standard problems,and actively respond to huge development costs.Generally speaking,the application of blockchain technology in the accounts receivable financing business is just an innovative exploration.Other banks can learn from this concept to improve the defects of traditional accounts receivable financing business and help companies revitalize accounts receivable,solve the difficult and expensive financing dilemma of enterprises,and improve their application capabilities.