Research On The Application Of Blockchain Technology In Supply Chain Finance Of J Company

Due to the outbreak of COVID-19,China’s economic development has been hit hard.It is difficult for small and medium-sized enterprises to obtain bank financing support through their own meagre credit,which makes the problem of financing difficulties and high financing costs of small and medium-sized enterprises attract attention again.Supply chain finance is an important means to solve the financing problems of SMEs,but there are obstacles in the development process of supply chain finance.How to make the development of supply chain finance more smooth through the integration and application of blockchain technology has become a research hotspot.Company J has launched a "gold order" that integrates blockchain technology and supply chain finance platforms.This article takes this as a case study and analyzes the reasons for the birth of "gold order" as well as the application mechanism and effect of blockchain technology.It affirms that "gold order" split financing can be more cost-effective than overall financing,but it also points out that "gold order" has certain problems.In order to solve these problems,Company J applies blockchain technology to the "gold single" platform.In order to verify the effectiveness of blockchain technology,this article analyzes the application example of "Jindan" applied to XD Co.,Ltd.It is also proposed that after the blockchain technology is increased,the authenticity of basic information in "Jindan" is difficult to ensure,and the execution effectiveness of smart contracts is difficult to ensure.This article provides reference for "Jindan" to solve existing problems.Through the study of this paper,the "gold list" optimization recommendations are to strengthen the construction of credit reporting system and information disclosure,improve the security of blockchain technology,and strengthen the standardized supervision of the blockchain supply chain financial industry,providing reference for the relevant supply chain financial business entities to establish a supply chain financial service platform and carry out supply chain financial business.