Research on supply chain finance & empowerment finance model based on blockchain technology

Research on supply chain finance & empowerment finance model based on blockchain technology

Xiang Liu

(Fuzhou University of International Studies and Trade )

Abstract

Blockchain technology can be used as the basis for innovation, digitization and intelligence in the financial field, and it is also the key to high-quality economic transformation. The decentralized, tamper proof and traceable features inherent in blockchain technology are complementary and matched with the business model, trading mechanism and operation mode of supply chain finance. However, blockchain technology itself has a series of defects: the operation and network security of blockchain supply chain finance depend on the underlying consensus mechanism; Its flexibility and adaptability are insufficient, which is difficult to meet the needs of financial science and technology innovation; Asymmetric encryption technology is inefficient and has the possibility of cracking. To promote the development of blockchain supply chain finance, the government needs to play a leading role, formulate industry standards, better integrate with supply chain finance, improve blockchain supply chain finance laws and regulations, and strengthen blockchain technology supervision.

Keywords：Blockchain; Supply chain; From finance; Technology empowerment; Model innovation