Research On The Operation Mode And Effect Of JD Digital Supply Chain Finance Platform

Supply chain finance is an important method to solve enterprise financing problems.By integrating multiple flows such as logistics,business flow,capital flow,and information flow,it effectively weakens the information asymmetry between financial institutions and small and medium-sized enterprises,and uses core enterprise credit to help enterprises in the chain reduce financing difficulties and alleviate financing constraints.However,with the development of traditional supply chain finance,problems have gradually increased.The supply chain has a large upstream and downstream span,and core enterprises have limited credit support and impact on the entire supply chain.With the complexity and fragmentation of the product cycle,it is difficult to obtain chain data.The credit facilities of core enterprises cannot cover all upstream and downstream enterprises.The technology and concepts of traditional supply chain finance cannot adapt to the current operation of the commodity market,Only by starting from the overall ecosystem of supply chain finance and establishing a digital supply chain finance platform can the role of supply chain finance be better played.Therefore,it is increasingly important to establish an innovative supply chain financial platform based on big data and blockchain.A digital supply chain financial platform can effectively solve various challenges in traditional supply chain finance.JD Digital Supply Chain Finance is an innovative supply chain finance platform created by JD Digital Technology Holdings Co.,Ltd.,a subsidiary of JD Group,using big data and blockchain technology.By covering core enterprises,financial institutions,and upstream and downstream enterprises,it helps various enterprises and institutions in the chain solve the demand matching problem between the capital and asset ends,and promotes the common development of the industrial chain by enhancing industrial chain collaboration.Therefore,this article takes the supply chain finance platform of JD Digital Science and Technology as an example to systematically analyze the operation mode of the supply chain finance platform of JD Digital Science and Technology,and on this basis,in-depth study the implementation effect of the supply chain finance platform from the perspectives of financing scale and quality of small and medium-sized enterprises,operating capacity and profitability of core enterprises,business income of the supply chain finance platform itself,and industrial ecological effects.This article draws the following conclusions: In terms of financing for small and medium-sized enterprises,JD internet supply chain finance platform can enable large-scale small and medium-sized enterprises to obtain financing services,improve their financing efficiency and reduce financing costs;In terms of core enterprise performance,the supply chain finance model can effectively improve the operating ability and profitability of core enterprises;In terms of the supply chain finance platform itself,the direct income of JD Digital Science’s supply chain finance platform has significantly improved,and a complete industrial ecosystem has been constructed.In terms of existing problems and shortcomings,the scale of third-party payment on the supply chain finance platform is relatively small,and competitive pressure on the market and costs increases.Therefore,this article believes that JD Digital Supply Chain Finance Platform should develop differentiated financial products,continue to expand the scope of business services,promote and improve the payment system,expand funding sources,reduce capital costs,and enhance competitiveness.