| "Supply chan finance" was once called "logistics finance","trade finance",etc.Its emergence is developed with the proposal of "new normal" strategy,and its main body mainly includes core enterprises in the supply chain,upstream and downstream enterprises,financial institutions and logistics companies,etc.Financial institutions provide financing conditions for upstream and downstream enterprises and core enterprises,while logistics companies cooperate with financial institutions to provide follow-up services,such as warehousing and distribution for their financing enterprises,which is a win-win business model.The biggest advantage of supply chain finance is to solve the problem of the small and medium-sized enterprise funds imbalance,reduced the enterprise financing costs,accelerate the cash flow to improve business performance truly achieve financial assigned to the real economy,but at the same time,supply chain finance is still in its infancy,there are a lot of loopholes,bring the corresponding credit risk,The most prominent problem of supply chain finance is the outbreak of credit risk,which ultimately leads to the financing difficulties of small and medium-sized enterprises.The case study shows how Duxiaoman Financial Platform actually applies block-chain technology in the field of supply chain finance.Based on Duxiaoman’s large number of small and medium-sized enterprise customers,technological strength and platform attributes.Duxiaoman began to lay out a comprehensive service platform of supply chain finance in long time ago.In 2018,the AaaS cloud platform which launched by the block chain technology,this platform established the alliance chain between enterprises and financial institutions which involved in the supply chain.It improved the healthy environment of the supply chain financial ecosystem,and break the business situation of the traditional supply chain system.At the same time,combined with block chain technical feature in distributed system,tamper proof,the encryption algorithm,information traceability and other technical characteristics achieved the trust of the supply chain enterprise penetration,improved the supply chain finance credit risk control more effective and really solved the problem of the small and medium-sized enterprise in financing difficulties,broke the isolated islands of information between enterprises and data trust problems.The development of finance is inseparable from trust.Therefore,how to effectively apply block-chain technology to the supply chain finance became a very important and valuable topic related to financial innovation practice,which lays a solid foundation for solving the financing difficulties of small and medium-sized enterprises.According to the case study,block chain technology can effectively avoid credit risks in transactions caused by asymmetric and opaque information through its unique trust mechanism,while supply chain finance just provides the optimal scenario for the development of block chain technology.With continuous attempts to integrate with technology,now,Block-chain technology has gradually become the key to credit risk control,efficiency improvement and cost reduction in finance.Therefore,block chain technology in the practical application of supply chain finance,not only can increase the underlying assets of dependability,at the same time can be established in trust interaction among various participants in the supply chain,so as to effectively control the occurrence of credit risk,improve operational efficiency,reduce the cost of financing,to solve the problem of small and medium-sized enterprise financing difficulties.However,the development of block-chain technology still has problems in terms of information management and regulation.Therefore,the development of block chain technology needs to constantly improve its information management system,help the healthy development of supply chain finance,and promote the innovative development of block chain technology application mode in a real sense,so as to effectively solve the financing difficulties of small and medium-sized enterprises. |
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