Application And Effect Analysis Of Blockchain Technology In Supply Chain Finance Business

In recent years,the Chinese government has adopted a series of supportive policies to meet the growing financing needs of Chinese enterprises,thus promoting the flourishing development of supply chain financial services.The core principle of supply chain finance is to provide financing support to upstream and downstream enterprises by using the credit of core enterprises as a guarantee.The existence of information asymmetry among the participating entities in supply chain finance can lead to the emergence of data silos,thus making the authenticity of data information generated in the supply chain trade process cannot be effectively guaranteed,thus blocking the transmission of the credit of the core enterprises in the chain,which in turn affects the development of supply chain finance business.In this situation,blockchain technology has many advantages,such as data forgery prevention and decentralisation,which can establish a reliable trust mechanism,thus improving the reliability of data in supply chain finance business and reducing the difficulty of risk control.With the improvement of data reliability,the trust and cooperation of all parties in the supply chain are strengthened and the problem of information asymmetry is effectively solved.Therefore,blockchain technology has extremely important application significance in the supply chain financial service business,which can reshape the financing service model and effectively develop the potential of supply chain finance.Therefore,how to use blockchain information technology to transform the working methods of traditional supply chain financial institutions and how to effectively optimise these models has become the focus of today’s research,which will not only help to improve the efficiency of supply chain financial services,but also bring significant impact to the development of the real economy.Taking the "Ping An Good Chain" platform as an example,this thesis uses comparative analysis,literature research and case study methods to explore how the "Ping An Good Chain" platform can use blockchain technology to alleviate the pain points in supply chain financial services.Firstly,the thesis looks at the challenges faced by traditional supply chain finance business and analyses the impact of these challenges on the future development of supply chain finance business from multiple perspectives.Secondly,after in-depth analysis,it is found that blockchain technology can effectively alleviate the above constraints and challenges.Then,taking into account the actual situation and drivers of the "Ping An Good Chain" platform,we discuss how blockchain information technology can be used to solve supply chain finance challenges.Finally,the effectiveness of blockchain technology in real-life scenarios is evaluated in the light of the actual situation,in the hope of exploring the future application of blockchain information technology in supply chain finance and providing relevant suggestions and insights.This thesis breaks through the previous research limited only to the theoretical application of blockchain technology and combines blockchain information technology with the practical application of supply chain finance,thus reaching an important conclusion:blockchain information technology can effectively overcome the problems of information silos,information authenticity,reduced efficiency of business processes and high financing costs in traditional supply chain finance business,and therefore,the government should actively guide Therefore,the government should actively guide the development of "blockchain + supply chain finance" in order to promote the continued development of supply chain finance.In order to promote the development of blockchain technology,the government also needs to formulate corresponding industry standards.