Application Analysis of Block Chain Technology in Supply Chain Finance

Abstract

Supply chain finance business as a comprehensive financial solution for small and medium-sized enterprises or small and micro enterprises has been for many years, but in the new era of the information wave, the traditional model of supply chain finance has revealed its irreconcilable drawbacks, and the arrival of block chain technology seems to bring new solutions. Block chain technology has the advantages of immutable information, decentralization, strong traceability and so on. It can break the single vertical transaction upstream and downstream of enterprises, promote the upgrade of network structure, and create a financial industry chain that efficiently delivers value, so as to achieve a win-win situation among all participants based on credible and verifiable trade relations. Based on this, this paper gives an overview of the supply chain finance model and block chain technology, and analyzes the application of block chain technology in supply chain finance.