The Application Study Of Block Chain Technology In Supply Chain Finance

As a financial activity basing on the industry organization ecology of supply chain(SC),supply chain finance(SCF)is the overall structural innovation in the asset side of the industry and releases the credit problems of specific small and medium sized enterprises in supply chain.That is its essential characteristic and largest differentiation among the traditional finance and internet finance.However,there are several bottlenecks containing the development of SCF,such as distrust among the participants in the SCF,low effective but high cost financing,incomplete asymmetric lagging information,credit limited to only one level transfer,and assets can't be self-certified.Block chain(BC)makes the information integrity,traceability,symmetrical,transparent,authentic,real time sharing.Called "credit manufacturing machine",it makes the value transferring through the Internet come true.They make a great pair.This paper analysis the meaning and the theoretic basis of introduces block chain technology(BCT)into SCF based on the micro financial innovation model.Then it proposes the SCF integrated solution from the vertical dimension of industry organization ecology and main financing mode from the horizontal dimension of application both supported by BCT.It also gives relevant advices for enterprises to put forward their practice.The case study on China Commercial Beidou Supply Chain Management Group(CCBD)is very representative as CCBD is emerging SCF subject.Being comprehensive SC service provider,CCBD owns the most advanced SC information system in China.Its platform model,the application solution of BCT and potential opportunities for SC enterprises are significant.