Analysis of SMEs Supply Chain Financing Based on Blockchain Technology: A Case Study of AntChain Platform

Abstract

In the current economic background, traditional supply chain finance mainly relies on the credit of core enterprises, but the credit is difficult to be effectively transmitted to small and medium-sized enterprises (SMEs) at the end of the supply chain. This paper examines the application of blockchain technology in SMEs supply chain finance through a case study of AntChain platform. The distributed ledger and smart contract technologies of blockchain can effectively solve the problems of information asymmetry, high financing costs and high financing risks in SMEs supply chain financing. After AntChain platform integrates the data of the upstream and downstream of the supply chain, it can provide more flexible financing for SMEs through the credit transfer of core enterprises. However, there are also certain deficiencies in actual operation. It is suggested to strengthen data privacy security, lower the entry barriers for SMEs and actively expand strategic partnerships to improve the development of AntChain platform.