Blockchain enabled technology platform for enhancing supply chain financing for SME’s

Abstract

After the development and inception of cryptocurrencies, Blockchain has found much usefulness in many domains. The Blockchain technology offers several advantages like decentralization, traceability, anonymity, cryptography, collective maintenance and immutability. The possible disruption and prospective capabilities of the Blockchain technology has been extensively utilized in the Finance domain. There has been extensive exploration on the integration and application of Blockchain technology in the domain of supply chain and supply chain finance as well. But, a detail framework of application is seldom mentioned. In this research, we have studied and analyzed the possible synchronization between Blockchain technology and supply chain finance. This study also presents a conceptual framework based on Blockchain technology to enhance the efficiency of supply chain financing for small and medium scale enterprises. Finally, this study proposes three supply chain finance models and their operation processes on a Blockchain Platform.