Opportunities and risks faced by the combination of blockchain and supply chain finance

Abstract

After more than ten years of rapid development, blockchain technology has now entered the era of hyperledger 3.0. More and more industries have integrated blockchain technology and are constantly experimenting and exploring, especially the supply chain finance industry. Give full play to the role of blockchain technology in promoting supply chain finance, and study the challenges and challenges faced by the application of blockchain technology in the supply chain finance industry. This paper analyzes the content analysis of foreign internal scholars on the supply chain through qualitative research. The analysis of financial cases and research summarizes the challenges and challenges faced by the application of current blockchain technology in the supply chain finance industry. Through analysis, blockchain technology can be cut and supply chain financial services have good adaptability. Blockchain technology can play an important role in promoting smooth information flow, coordination of entities, risk control, and process simplification for supply chain financial services, but at the same time the application of blockchain technology still faces multiple challenges including laws and regulations, technical aspects, regulatory measures, risk prevention, and application efficiency. It is necessary for the country to advance legislative work and introduce technical standards as soon as possible to promote public chains, alliance chains and proprietary chains. The development and application of the chain in technology.