Impact Of Blockchain Technology On The Effectiveness Of Supply Chain Finance Asset Securitization Financing

Since its introduction,supply chain finance asset securitization has facilitated financing for small and medium-sized enterprises with the advantage of early recovery of accounts.However,with the emergence of new things such as the digital economy,its development has inevitably led to drawbacks such as complicated operation procedures and high human and material costs that do not meet the needs of the current economic development,and has begun to be constantly questioned by market players.Specifically,its decentralization,immutability,openness and timestamp characteristics not only improve efficiency and solve the problem of information asymmetry,but also ensure the immutability and unchangeability of information.From drug traceability to tax information on the chain,blockchain has helped the development of various industries with its innovative technology.At this time,it is right to consider the introduction of blockchain in the securitization of supply chain finance assets and empower the securitization of supply chain finance assets with blockchain.Based on the research literature on supply chain financial asset securitization and blockchain application at home and abroad,this paper analyzes the application of blockchain technology in supply chain financial asset securitization from the perspective of combining two chains by investigating and analyzing the We Chain platform and its related companies,and then analyzes the impact of blockchain technology on supply chain financial asset securitization using We Chain platform as a practical case.Finally,based on the actual development of the platform,we propose countermeasures to improve the flexibility and security of the platform and enhance the momentum of subsequent development.This paper concludes from the analysis as follows:(1)The supply chain finance asset securitization market has a promising future,but the current development has encountered some problems and is in urgent need of the empowerment of digital technology.(2)Blockchain technology has a significant impact on the financing effect of supply chain finance asset securitization,including reducing enterprise financing cost,improving capital accessibility,shortening enterprise billing period,reducing financing risk and improving capital flow efficiency.(3)The initial development of We Chain is strong and has made great contribution to supply chain financing,but the subsequent development is weak and the market competitiveness is declining,so the enterprises should explore new development momentum.Based on this,this paper proposes to improve the existing development model in three aspects:improving the existing platform technology,rational planning of fund use and strengthening supervision and risk prevention,and further provides reference suggestions for the research about the application of blockchain technology and supply chain finance asset securitization.