Supply chain finance based on smart contract

Abstract

With the emergence and development of blockchain technology, due to its innovation in the underlying technology, many potential innovations have been created in the financial aspects of different industries, and even disruptive changes have occurred. Especially mature applications in supply chain finance are more extensive, and at the same time, the technology also effectively promotes the development of finance-related technology. We proposed a blockchain-based framework and used an accessory technology, namely smart contracts. The credit mechanism can be reformed to promote the flow of credit value and make it highly coupled with financial scenarios to obtain the feasibility of supply chain process design.