Application blockchain in supply chain finance: a study on small and micro enterprises in Xi'an

Abstract

Blockchain has the characteristics of decentralization, traceability and non-tampering and is very suitable for the study of supply chain finance. In supply chain finance, blockchain can alleviate the information asymmetry between small and micro enterprises and commercial banks, and reduce the financing cost of enterprises. This paper takes small and micro enterprises in Xi'an as the research objects, and analyzes the influences of blockchain to supply chain finance. Based on the theories of blockchain and supply chain finance, this paper designs the supply chain financing mode based on blockchain. It is suggested that small and micro enterprises in Xi’ an should actively use blockchain technology to alleviate the financing dilemma.