Research on the Development and Application of Supply Chain Finance Based on Blockchain Technology

Abstract

In the last few years, supply chain finance services have played a significant role in the supply chain, but there are certain limitations. To break the restrictive problems existing in the field of supply chain finance, this paper makes a targeted analysis by introducing blockchain technology and focuses on the development process and application research of blockchain technology in supply chain finance. Given the shortcomings of traditional supply chain finance in the past, such as information asymmetry and operational complexity, blockchain provides a solution with decentralized, tamper-proof, transparent, and smart contract characteristics. To build an efficient and reliable supply chain finance ecosystem. By exploring the operation mode of blockchain in financial institutions in the supply chain, this study analyzes how these innovative results can reduce financing costs, strengthen risk management, and improve operational efficiency. It can reshape the pattern of supply chain finance and provide theoretical and practical guidance for the future development and progress of supply chain finance.