Application of Blockchain Technology in the Supply Chain Finance

Abstract

The emergence and development of blockchain technology has injected vigorous vitality into innovations in the fields of digital finance and supply chain finance. Supply chain finance connects the transaction process between core enterprises and upstream and downstream enterprises, providing flexible financial products and services for finance. Since the demand side of funds is mostly enterprises, financial institutions face challenges in credit identification, transaction supervision, risk control and other business aspects of supply chain finance. The application innovation of blockchain technology in the field of supply chain finance will help solve the information asymmetry and credit crisis in the financial transaction chain. After introducing the basic theory of blockchain technology, this paper analyzes and researches the application of blockchain technology in supply chain finance, which not only provides a process-oriented reference for better integration of blockchain technology and finance field, but also provides inspiration for subsequent in-depth practical application in this field.