Research On The Application Of Block Chain In Risk Control Of Supply Chain Finance

Difficult financing and expensive financing have been the problems of small and medium-sized enterprises' process of development.Insufficient collaterals,opaque financial information and imperfect management are the main reasons for restricting their financing channels,cost and amount.As an effective way to solve the financing difficulties of SMEs,supply chain finance provides them with important financial support.Online supply chain finance model overcomes the traditional shortcomings,such as cumbersome process,low efficiency and so on.But compared with the traditional credit business,supply chain finance is involved in many participants,complex process and the specialized degree is high.It is easy to cause the credit risk,operational risk,the risk of moral hazard,and then leading to bank faces a loan risk,even operating system collapse and so on.To this,this paper analyzes various risks in supply chain financial,and commercial banks' measures to control the risks in supply chain financial at the first.While relying on the Internet technology to carry out online business model,banks still mainly rely on the core enterprises' credit endorsement and the funding restrictions and constraints of the whole supply chain.The credit of multi-level suppliers cannot be transferred,and the self-compensation advantage of trade finance has not been fully utilized,so the risks faced by banks still exist.Then,relevant concepts of block chain technology are sorted out through literature reading.Block chain technology can effectively solve the risk problems existing in the application of supply chain finance by virtue of its features of decentralization,illegal modification and smart contract.Therefore,the feasibility and optimization path of applying block chain technology to risk control of supply chain financial are elaborated,and the existing cases are analyzed and summarized,which proves the feasibility of applying block chain technology to supply chain financial business and expounds its advantages.It is found that there are still some problems in the risk control of supply chain financial through the analysis of the platform.Finally,on the basis of summarizing this paper,some suggestions are put forward to solve the problems existing in the risk control of supply chain financial.Although the integration of block chain and supply chain financial model has broad development prospects,block chain technology is not omnipotent,and as a new technology,its development and application need talents and capital.It is of great significance for the development of the model,the bank's wind control effect and even the development of the real economy to strengthen the synergy of all participants,establish a special database for supply chain finance,and learn from foreign advanced experiences.