Research On Blockchain Technology To Alleviate Financing Constraints In Supply Chain Financial Market

In the context of the overall slowdown of economic growth in our country and the huge impact of the epidemic on the production and operation of small and medium-sized enterprises,supporting the operation and development of small and medium-sized enterprises has become the breakthrough to stimulate the vitality of economic growth.In the process of production and operation,small and medium-sized enterprises often face difficulties in financing and expensive financing.The development of supply chain finance can alleviate these problems,but the traditional supply chain finance leads to difficulties in financing business of small and medium-sized enterprises due to various drawbacks.In recent years,the rise of "blockchain-supply chain finance" avoids the drawbacks of traditional supply chain finance.It provides effective support for relieving the financing constraints of smes.The innovation and development of supply chain finance model cannot be separated from the participation of financial institutions,core enterprises and upstream and downstream suppliers.This paper first studied the current situation of supply chain finance,compared and analyzed the traditional supply chain finance model and the supply chain finance model driven by blockchain technology,and made a case study of the existing model of supply chain finance driven by blockchain platform.In order to further study the factors affecting the development of supply chain finance business in reality,this paper constructs the traditional supply chain credit market and the supply chain credit market driven by blockchain technology,respectively.By solving the equilibrium solution of each model,the influence of variables in the model on the development of supply chain finance business is discussed,and the influence of parameter changes on the results of evolutionary game is explored.The study finds that the introduction of blockchain technology can alleviate the financing problems of small and medium-sized enterprises in supply chain finance,and the credit market environment of supply chain finance is improved after the introduction of blockchain technology.Supply chain finance financing business can be better developed;Incentives for keeping faith and penalties for breaking faith can largely constrain the behavioral decisions of smes.Meanwhile,blockchain incentives can make it easier for financial institutions to choose loan decisions.The introduction of blockchain technology can also increase the participation of core enterprises in the supply chain credit market.Finally,this paper analyzes the problems reflected in the model and other aspects of reality and proposes relevant solutions.The introduction of blockchain technology has improved the ecology of supply chain finance market.By reducing the cost of connecting enterprises to stimulate more enterprises to link up;The innovation characteristics of blockchain technology are used to improve the incentive mechanism and increase the cost of breach of trust in supply chain finance,so as to alleviate the financing problems of small and medium-sized enterprises by introducing blockchain technology.