After the release of the news that the supply chain finance of small and medium-sized enterprises based on blockchain technology successfully signed the first loan for the first time, we seem to see a ray of light for the small and medium-sized enterprises facing the pressure of survival under the impact of the epidemic.

During the outbreak, most companies were the unsuspecting spoils of war. If it is the fall or death of an individual enterprise, we may be lucky to think that "skin is only skin deep". But the truth is rather unlucky. The collapse of an enterprise, will lead to "all the glory, all the losses" situation. A large number of enterprises struggle mainly from the financial difficulties, how to solve the problem of enterprise capital has become a hot topic of discussion in the country, the government and the media. There are many people who call for supply chain finance to solve the financing difficulties of enterprises. Mu changchun, the central bank of China, once said, "I have written about the prospect of blockchain supply chain finance, and supply chain finance and cross-border payment have become hot spots."

Deng junyi, senior project director of strategic development department of ping an bank headquarters, said that in the field of supply chain finance, the supply chain can be extended at both ends by means of "blockchain + Internet of things + artificial intelligence" to provide financing business credit for upstream multi-level suppliers or downstream distributors and distributors. "The practical combination of blockchain and supply chain finance can help enterprises improve efficiency and quality in three aspects," deng said.

In addition, "on January 14, 2020, the ministry of commerce and other eight ministries and commissions issued a document to encourage state-owned enterprises to purchase operation services such as supply chain and financial backstage." With the support of national policies, the development of supply chain finance this year is more brilliant than last year. As for the support of national policies, as early as October 2017, the general office of the state council issued the guidance on actively promoting supply chain innovation and application, which stated: "by 2020, a group of new supply chain development technologies and new models suitable for China's national conditions will be formed, and a smart supply chain system covering key industries in China will be basically formed." By 2018, the notice of eight departments including the ministry of commerce on pilot projects of supply chain innovation and application will for the first time make the development of supply chain finance a national strategy. In countries under the strong support and natural development, supply chain finance finally leaves this year, especially the outbreak period this year, according to 2020 data show that 52.5% of all licensed financial institutions playing solve the financing difficulties of small and medium-sized enterprises, financing your role, including supply chain management services to companies and financial technology service provider is 16.7%, 13.2% respectively.

Just like that, the innovative development of supply chain finance is not only a new financing channel for enterprises in the bottleneck period, and a solution for capital shortage, but also an innovative way for many financial institutions to enter and stabilize high-end customers.

To return to the topic, what benefits can supply chain finance bring to small and micro enterprises besides financing?

1. Supply chain finance will improve the control ability of enterprises

The refrigerator, the TV, the car that we use now may involve several countries, even a dozen. Take automobile as an example, the throttle body, engine, engine assembly, oil pump, fuel nozzle, tightening wheel and other parts in it may be from different global enterprises. After the finished product comes out, the automobile industry will carry on the promotion, the sale and so on. Each link from manufacturing, output, and sales is linked like an assembly line. This creates an industrial chain.

At present, the single development mode of enterprises has been transformed into the cluster development mode of industrial chain. If the core enterprises in the supply chain suffer from capital disruption, there will be a domino effect, and other enterprises in the industrial chain will also be affected. As for the problem of capital disruption, supply chain finance should be the preferred solution.

When such problems are effectively solved, we can see from an indirect perspective that when the core enterprises have no financial pressure, other links in the industrial chain will resume the supply and service of parts to the core enterprises. This means that the core of the supply chain has resumed its status as the link of the industrial chain, and even improved a lot. In the whole industry chain, who has the right to control the industry chain, who is the industry standard, other links have to act according to this standard.

2. Blockchain supply chain finance realizes credit mechanism

Small and micro enterprises in the supply chain are able to conduct financing, among which the main core point is "credit". However, due to the control of core enterprises and insufficient qualifications, it is difficult for small and micro enterprises to provide sufficient credit certificates to financing institutions such as Banks. The "credit mechanism" crisis of small and micro enterprises is among several technologies, and only blockchain technology can solve it.

There is no doubt that the integration of supply chain finance with blockchain technology is a very good innovation model. The contents of the blockchain ledger can be traced but cannot be tampered with, and any authorized participant's operation on the ledger will be recorded. The consensus mechanism can ensure that the collaborative nodes on the chain reach a consistent understanding of security, effectiveness and democracy, so as to replace or upgrade the traditional supply chain finance platform, and establish a technology-based multi-party trust supply chain system through the block chain.

3. Supply chain finance can achieve the relativity of "three-stream integration"

Financial supply chain block chain technology, introduced on the one hand, on the other hand, the introduction of smart technology contract, make the supply chain of financial asset management be distributed on the books of digitalization, automation of circulation, such as block chain paper open, circulation, discount, discount, discount, buy back, is a process of automation, of cash flow, information flow and logistics are also relying on the intelligent contracts to synchronous implementation.

But at present, the test of intelligent contracts in supply chain finance is not perfect, there will always be some flaws, such as in the setup and programming, to achieve an independent, orderly "three-flow" operation is a big project. It can only be said that supply chain finance + intelligent contract can not achieve the absolute "three-stream integration" at present.

conclusion

About supply chain finance, we often hear about how to help small and micro enterprises solve financing problems. Indeed, the innovative development of supply chain finance can effectively and directly help small and micro enterprises to finance, and there is still a lot of development space and advantages. It is predicted that the size of China's supply chain finance market will reach about 17.5 trillion yuan, 22.18 trillion yuan and 27 trillion yuan from 2018 to 2020. That is to say, with such a large market potential, there will be more possibilities for supply chain finance. It is not limited to blockchain supply chain finance. Maybe supply chain finance will combine big data, artificial intelligence, or different industrial chains.

Source: chain get APP