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Analysis on Innovation Mechanism of Blockchain Enabled Supply Chain Finance Model

Xueqi Ke

College of Engineering and Technology, Hubei University of Technology, Wuhan, Hubei 430068, China.

*Corresponding author: Xueqi Ke

Published: December 30,2022 How to cite this paper

Abstract

with the arrival of the new economic situation, micro, small and medium enterprises got unprecedented development, but in the past the problems existing in the supply chain financing mode also gradually emerged, mainly reflected in the enterprise credit cannot be achieved across the level, the high cost of financing, which makes the financing needs of many small enterprises difficult to satisfy. Blockchain technology is a new application mode that includes distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. The application of blockchain enabled supply chain finance model can achieve breakthrough innovation on the traditional supply chain finance model and create more development conditions for enterprises. This paper analyzes the existing problems of supply chain finance model and blockchain technology, analyzes the innovation mechanism of supply chain finance model, and proposes the innovation mechanism strategy of supply chain finance model enabled by blockchain from the perspective of supply chain finance model architecture and operating subjects, so as to provide a reference for the innovation and development of supply chain finance model.

KEYWORDS: Block chain, Supply chain finance model, Micro, small and medium-sized enter-prises, Innovation mechanism, technology

References

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How to cite this paper

Xueqi Ke. Analysis on Innovation Mechanism of Blockchain Enabled Supply Chain Finance Model. OA Journal of Economy and Management, 2022, 1(3), 189-193.


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