Application Research Of Blockchain Technology In Supply Chain Financing Of Yunhai Metal Group

With the continuous development of China’s socialist market economy,as occupying about90% of China’s economy,its importance is self-evident,among which the most shackle to the development of SMEs is the capital problem,financing has become the key point for the development and growth of small,medium-sized enterprises.Therefore,in order to help the small and medium-sized enterprises to better solve the financing problems,the supply chain financing arises at the historic moment.It uses the credit value of the core enterprises to help the small and medium-sized enterprises in the same supply chain to obtain financing through accounts receivables,inventory and other ways.To some extent,supply chain financing can improve the financing difficulty and expensive financing of small and medium-sized enterprises.However,in practical application,there are still many problems,such as high financing costs and difficult to investigate.In recent years,the traditional supply chain financing model cannot be effectively applied to solve the financing problems of small and medium-sized enterprises.At this time,the emergence of block chain technology to improve the status quo,blockchain technology unique distributed bookkeeping technology,smart contract and accountability technology are consistent with the shortcomings of the traditional supply chai financing model,therefore,blockchain technology will bring traditional supply chain financing model larger reform,led by industry leaders or bank financial institutions block chain financing platform,to help small and medium-sized enterprises improve the current financing difficulties,help their innovation and progress,so as to drive our economic high quality,high level of development and progress.In this paper,through the theoretical analysis method,Case analysis method and literature research method for research,By analyzing the supply chain financing model of Yunhai Metal Group,Understanding the shortcomings of the current supply chain financing model,After learning that the technical features of blockchain technology can in some ways respond to the inherent defects in the supply chain financing model,To design the blockchain + supply chain financing model of Yunhai Metal Group,Through the two perspectives of blockchain + accounts receivable financing mode and blockchain + inventory pledge financing mode,And to analyze its application status and its advantages,Explore the shortcomings of the practical use of the scheme,Finally,put forward the optimization opinions are forward,From the optimization of external environment and the upgrade of internal management structure to help the blockchain financing platform better operation and development,So as to effectively improve the financing difficulties of small and medium-sized enterprises,High cost of financing issues,Promoting smes to dominate in their industries,Improve the comprehensive competitive strength of enterprises,Drive the development of China’s overall economy.Through the study of this paper,to some extent,we can optimize the applicatio of blockchain technology in the supply chain financing of small and medium-sized enterprises,so as to improve the problems such as high threshold,high risk,expensive cost,and long time.