A number of "blockchain + supply chain finance" application scenarios have been implemented in guangdong and jiangsu recently, providing contactless loans, financing guarantee and other services for small and medium-sized enterprises. Industry insiders said that because the block chain technology has the characteristics of non-tampering, open, transparent and traceable, combining it with supply chain finance can ensure the authenticity of orders and accounts receivable information, and improve the financing efficiency of enterprises through online means, which is helpful to solve the core pain points of traditional supply chain finance model.

Recently, the regular meeting of the state council once again mentioned "supply chain finance", requiring that supply chain financial products such as orders, warehouse receipts and receivables financing should be strengthened to support small, medium and micro enterprises. According to the latest report released by the digital finance working group of the United Nations sustainable development goals (SDGS), digital technology has great potential in epidemic situations. The group also recommended ant financial's blockchain-based supply chain finance platform "ant double link" to the world. It is reported that using this platform, small and micro enterprises in the supply chain can apply for loans from cooperative Banks with "receivables".

At the local level, the ant financial blockchain + supply chain finance platform has also recently landed in xuzhou economic development zone, jiangsu province, and is expected to provide online contact-free loan services for nearly 100,000 small, medium and micro enterprises in xuzhou. In guangdong, guangdong juyuan construction co., ltd. and its upstream suppliers recently completed the first financing on ant block chain double link, which is also the first supply chain financing guarantee business using block chain in guangdong province. After obtaining financing, suppliers can cash flow, to achieve the resumption of production and work.

Institute, said the group because of block chain technology is tampered with, open and transparent, dating back the characteristics of using this technology can realize the "approval" of the order or accounts receivable, ensure that the real and effective, to eliminate the fictional equaling certificates, certificate of inflated counterpoising truly amount, the same counterpoising truly repeated irregularities, such as financing of small and medium-sized enterprises financing channels and financing costs will be further improved. In addition, with the help of online platforms, corporate financing efficiency has also improved.

However, industry insiders pointed out that currently blockchain + supply chain finance can only ensure the authenticity and effectiveness of the data on the chain, but the authenticity of the information before the chain needs to be confirmed. In this regard, oko group research institute said that it could consider combining the block chain application platform with the Internet of things, artificial intelligence and other technologies to complete the deep binding of information on and off the chain to prevent the inconsistency of data information on and off the chain. In addition, experts said that the block chain technology is still in the exploration stage, the current practice is mainly small-scale pilot, the future needs to consider the use of cross-chain technology, to achieve the block chain between the data exchange.

Source: economic reference network