Research On Accounts Receivable Financing Based On Blockchain Technology

With the increasingly fierce competition in the Chinese market,sales activities between enterprises are becoming more and more frequent,resulting in the backlog of accounts receivable problem.The holders of these accounts receivable are mainly small,medium and micro enterprises at the front end of the supply chain.Due to the large amount of accounts receivable of these enterprises,their normal cash flow is crowded out.Therefore,the government is vigorously promoting financial entities to contribute to economic development,facilitating the financing of micro,small and medium-sized enterprises,and enabling more enterprises to use accounts receivable for financing,so as to stimulate the capital potential of these enterprises.In recent years,the progress of financial technology makes accounts receivable financing problems have a new solution.The financing mode of using blockchain technology to establish multi-level transfer platform of accounts receivable vouchers is developing rapidly and is widely used in specific business scenarios of all walks of life.Through this multilevel circulation platform,enterprises can turn their accounts receivable into a financing tool.For example,the platform can transform accounts receivable into a kind of digital creditor’s rights,which the core enterprise issues to the upstream micro,small and medium-sized suppliers,and the upstream multi-level suppliers can freely split and transfer these digital creditor’s rights.These certificates can be used directly to liquidate financing or held to maturity.Blockchain technology has typical characteristics such as imtamability,decentralization and smart contract,which can well solve the problems existing in the current traditional accounts receivable financing,ensure the real transactions between enterprises,solve the problem of inter-enterprise information island,expand the scope of credit,and improve the financing coverage and efficiency of enterprises.Therefore,the accounts receivable financing mode constructed by blockchain technology will help Chinese small and medium-sized enterprises to further solve financing problems,reduce the threshold for small and medium-sized enterprises to obtain loans from banks and other financial institutions,improve the lending capacity and credit qualification of these enterprises,but also improve the risk management capacity of financial institutions on loans.This thesis adopts the method of literature research and case analysis to study the specific application of the accounts receivable financing platform based on blockchain technology.First of all,this thesis briefly introduces the background and significance of the research on accounts receivable financing based on blockchain technology,summarizes and sorts out domestic and foreign literature on blockchain technology and accounts receivable financing,introduces the relevant definition and technical characteristics of blockchain,and elaborates its core technical principles.It also discusses the possible problems of traditional accounts receivable financing and the specific application scenarios of blockchain technology,highlighting the application value of blockchain technology.Secondly,this thesis takes Tencent "Micro Enterprise Chain" platform as the research object,summarizes the platform’s products,architecture and functional characteristics,and makes an in-depth analysis of Tencent "Micro Enterprise Chain" accounts receivable financing process based on blockchain technology.Then,the accounts receivable financing effect of each participant on the platform is analyzed respectively,which is conducive to a more comprehensive and objective evaluation of accounts receivable financing application effect based on blockchain technology.Finally,the thesis summarizes the application effect of Tencent "Micro Enterprise Chain" platform,and puts forward specific suggestions to promote the wider application of blockchain technology in actual business.At present,existing studies only theoretically analyze the necessity of applying blockchain technology to traditional accounts receivable financing business,without analyzing and studying the feasibility and effect of application of existing practical cases.This thesis organically combines blockchain technology with specific application scenarios of accounts receivable financing,and makes an in-depth analysis of its application effect,drawing the following conclusions: By using blockchain technology,it can effectively solve the problem of information asymmetry between accounts receivable financing parties;Blockchain technology can also optimize the management of the industrial chain of core enterprises and reduce relevant operating costs;Small,medium and micro enterprises can improve the difficult and expensive financing through the "Micro Enterprise Chain" platform.Finally,three specific suggestions are put forward based on the above conclusions.First,improve blockchain technology to enhance the sharing of resources and information;Second,strengthen safety control to ensure the reliability of the platform and reduce operational risks;Third,enrich the business model of the platform to improve the financing service ability.