The purpose of the development of supply chain finance is to provide comprehensive financial services to upstream and downstream enterprises based on the core enterprises of the supply chain, and ultimately reduce the operating cost of the whole supply chain. However, problems in the field of supply chain finance are frequent at present, with pain points and vicious circles constantly emerging. Due to the lack of trust, all parties are unwilling to synchronize or share their core business information, resulting in difficulties and high financing.

Specifically, in the process of traditional supply chain finance business to carry out, because of the core enterprise credit rating can't cross transmission, message cannot be Shared within the system, only with the core enterprises tend to have a direct relationship between accounts receivable tier one suppliers, can get a loan, and away from the core enterprise's second-tier suppliers and multiple suppliers, because we cannot get the core enterprise credit endorsement and their poor credit, loans will usually be rejected. Is not conducive to the healthy development of supply chain finance business.

However, in order to change the current pain point and status quo of supply chain finance, it is difficult for both financial institutions and core enterprises to establish a completely authentic and reliable supply chain finance system that benefits multi-stage suppliers.

If by bank to the construction of the system, in the supply chain finance, the core enterprise is the dominant party, core enterprise will receive more than one bank service, which will require different systems in the Banks at the same time to use the service, and in the actual operation of the core enterprise and the multi-stage suppliers must conduct business on the same system, so the bank system has been difficult to enhance, for example, many Banks have done cloud factoring system, but the final customer ratio liao.

If the core enterprise establishes this system, the biggest problem is the possibility of data fraud, the bank cannot fully trust the management system of the core enterprise, and ultimately the multi-stage supplier still cannot get financing smoothly.

In this case, CSAC credit chain supply chain financial solutions came into being. CSAC credit chain provides block chain + supply chain financial solutions based on the features of block chain technical data that is difficult to tamper with and data traceable, so as to increase and grant credit for business data. All parties in the supply chain, such as Banks, core enterprises and suppliers at all levels, will have their own nodes in the blockchain ecosystem. The parties store and link the business data through customized encryption, and the financing institution can view the "real" data that is difficult to tamper with through authorization. These data, which are empowered by the technical features of blockchain, will serve as an important basis for risk control of the financing party and provide more flexible and diversified financial leasing services to the capital demanders.

The technical features of block chain and supply chain finance services have natural adaptability. In the solution of CSAC credit chain supply chain finance, we can also:

(1) link the transaction data corresponding to the underlying assets to ensure the authenticity of the assets from the source.

(2) financial institutions can also conduct financing for small, medium and micro enterprises based on CSAC credit chain receivables, and finally establish a reliable and stable supply chain financial ecosystem.

(3) supervise the underlying assets, make the assets transparent, let all participants face the assets directly, eliminate the investors' distrust of assets and rating agencies to the greatest extent, and reduce the difficulty of investigation by issuers, accountants, rating agencies and other service providers.

CSAC credit chain will provide real participant information and real trade scenarios for core enterprises, financial institutions and small and medium-sized enterprises, improve the financing efficiency of the supply chain, and effectively alleviate the problems of difficult and expensive financing for small and medium-sized enterprises. And help the real economy around the world to better provide services for the supply chain finance business.

Source: jucai net