Analysis on Financial Innovation and Development of Cross-Border e-Commerce Supply Chain Based on Block Chain Background

Abstract

Supply chain finance, as a new fund management mode in the financial industry, has been developing at a faster pace in recent years. Through controlling or mastering the upstream and downstream information flow and logistics of small and medium-sized enterprises, supporting financial services such as capital flow or financing are provided. As an emerging technology, block chain can provide more convenient services for supply chain finance and strengthen the credit innovation mechanism of supply chain structure. Block chain technology, with its characteristics of decentralization, transaction record synchronization and irreversibility, provides better development ideas for businesses under the whole industrial chain such as logistics, bulk commodity trading, supply chain finance, etc. Block chain technology has many advantages in solving the acute problems of cross-border e-commerce supply chain finance. It can mitigate risks, reduce costs and optimize services. Therefore, this paper proposes specific solutions and implementation strategies based on block chain technology.