Case Analysis Of JD Supply Chain Finance Under The Background Of Blockchain

Since 2020,the outbreak of COVID-19 has made the financing environment of small and micro businesses tighten further,and lack of financial support makes it even more difficult to survive.In this context,it is extremely urgent to help small,mediumsized and micro enterprises get out of the financing dilemma.However,in the past,there were many disadvantages in the operation of supply chain finance,such as difficult information sharing,high financing cost of end enterprises,frequent default events and low settlement efficiency,making it insufficient to solve the strong financing needs of many small,medium and micro enterprises in the supply chain,and the region The advent of blockchain technology has proposed better innovative solutions for traditional supply chain finance.The automated processing mechanism brought by smart contracts and the consensus mechanism provided by distributed accounting,combined with the characteristics of non-tampering and traceability,can be combined with It is consistent with the pain points existing in traditional supply chain finance.Therefore,with the empowerment of blockchain technology,supply chain finance can provide more efficient financing services,and small,medium-sized and micro enterprises in the chain can obtain funds at a lower cost.This paper uses literature research method,case analysis method and comparative analysis method to research and analyze the blockchain solutions for supply chain financial problems.Firstly,combined with the relevant research results of predecessors,this paper summarizes the development status of China's supply chain finance in recent years and the pain points in the process of business development,and analyze the fit between blockchain technology and supply chain finance.Secondly,taking the "blockchain + supply chain finance" business carried out by JD as an example,this paper analyzes the role of blockchain technology in the development of JD supply chain finance business,and checks the application value of the subjects involved.JD's "blockchain + supply chain finance" business covers three types of supply chain finance modes: accounts receivable,inventory and prepayment.The application of blockchain technology has greatly improved the service level of JD's supply chain finance business,provided strong financing support for small,medium-sized and micro enterprises,and has a strong demonstration in the industry.At the same time,through the case study,it is found that "blockchain + supply chain finance" also faces some new challenges,which need to be solved by the main body of the layout of relevant businesses in conjunction with the government and other departments.