Blockchain-driven supply chain finance solution for small and medium enterprises

Li, Jian; Zhu, Shengjun; Zhang, Wen; Yu, Lean

doi:10.1007/s42524-020-0124-2

Cited by 59 publications

(77 citation statements)

References 19 publications

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“…To sum up, default cost C p plays a key role in the formation of stability strategy. At present, existing studies have only concluded that blockchain technology reduces the probability of SMEs choosing to default and improves the financing efficiency of SMEs [10,12,14,19]. However, it did not analyze the reasons for the reduction in the probability of default, and the mechanism of blockchain technology.…”

Section: Comparative Analysismentioning

confidence: 99%

“…SCF has three financing modes: accounts receivable, inventory pledge, and prepaid accounts. In different financing businesses, the mechanism of blockchain technology is different [10]. However, the research on the utilization of blockchain technology in SCF mainly focuses on mechanism design [11,12], application optimization [13][14][15], and technology optimization [10,[16][17][18].…”

Section: Introductionmentioning

confidence: 99%

“…In different financing businesses, the mechanism of blockchain technology is different [10]. However, the research on the utilization of blockchain technology in SCF mainly focuses on mechanism design [11,12], application optimization [13][14][15], and technology optimization [10,[16][17][18]. In addition, some studies have analyzed the mechanism of blockchain technology to optimize SCF in combination with specific cases, and designed new financial management solutions, which confirmed that blockchain technology is beneficial to improving the efficiency of business operations [19,20].…”

Section: Introductionmentioning

confidence: 99%

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Evolutionary Game Analysis of Blockchain Technology Preventing Supply Chain Financial Risks

Sun

2021

JTAER

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Because of the risks existing in supply chain finance, taking accounts receivable factoring business as the research object, this paper uses the evolutionary game method to analyzes the factors affecting the decision-making of the participants in supply chain finance, constructs an evolutionary game model between small and medium-sized enterprises and financial institutions, and analyzes the mechanism of blockchain to solve the financial risks of the supply chain by comparing the changes of evolutionary stability strategies before and after the introduction of blockchain technology. This paper aims to reduce financing risks by analyzing the mechanism of blockchain technology in supply chain finance. It is found that, firstly, blockchain technology can reduce the credit risk of financial institutions and solve financing problem. Credit risk plays a decisive role in whether financial institutions accept financing business decisions. Blockchain technology can reduce the operational risk of financial institutions and improve the business income of financial institutions. Secondly, the strict regulatory environment formed by blockchain technology makes the default behavior of small and medium-sized enterprises and core enterprises in a high-risk state at all times. No matter the profit distribution proportion that small and medium-sized enterprises can obtain through collusion, they will not choose to default, which effectively solves the paradox that small and medium-sized enterprises cannot obtain loans from financial institutions despite the increased probability of compliance. Then, the evolutionary game between financial institutions and small and medium-sized enterprises is balanced in that financial institutions accept business applications, small and medium-sized enterprises abide by the contract, and the convergence effect is better. Therefore, blockchain technology not only reduces the financing risk of financial institutions but also helps to solve the financing problems of small and medium-sized enterprises.

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Section: Comparative Analysismentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Evolutionary Game Analysis of Blockchain Technology Preventing Supply Chain Financial Risks

Sun

2021

JTAER

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“…Finally, China, Singapore, and the United States have promoted Blockchain technology and promoted its development. Broadening the research field of Blockchain will help promote its application, bring positive impact to enterprises [131,132] and facilitate people's life [133].…”

Section: The Thematic Evolution Mapmentioning

confidence: 99%

Bibliometric Analysis of the Blockchain Scientific Evolution: 2014–2020

Luo

Bai

2021

IEEE Access

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As one of the disruptive technologies in the fourth industrial revolution, Blockchain has irrevocably changed how people live and work. Many scholars have studied the Blockchain, and the number of related publications has increased over time. Bibliometrics is an excellent method to study the development trend of a specific field. However, few scholars have used bibliometrics to research Blockchain; the inheritance and evolution among its different research themes have not yet been fully understood. This study emphasizes the scientific evolution and research focus of Blockchain through bibliometric analysis. We analyzed 2993 publications from 2014 to 2020 using co-word analysis and cluster analysis with bibliometric tools such as the SciMAT. The most productive author, country, institutions and leading research areas were identified, outlining the Blockchain field's fundamental developments. The results show the changes in keywords regarding Blockchain summarize the research hotspots in different periods. The study discusses the evolution process of various themes in each period, providing a meaningful reference for scholars to identify research hotspots and future research directions in the Blockchain field.

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“…On the basis of the current survey, Ferrag et al [11] highlighted open research challenges and discussed possible future research directions of blockchain technology for IoT. Second, there is the related research of blockchain technology in the financial field [12][13][14][15][16]. This also involves industries such as banking, equity trading market, supply chain, and energy trading [17][18][19][20].…”

Section: Literature On Blockchain Technologymentioning

confidence: 99%

Construction of Chinese Smart Water Conservancy Platform Based on the Blockchain: Technology Integration and Innovation Application

Zhang

Luo

2020

Sustainability

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Blockchain technology has triggered a new round of technological innovation and industrial change. Promoting the deep integration of blockchain technology and smart water conservancy has become an essential part of the digital transformation of the Chinese smart water conservancy industry. On the basis of the analysis of the framework of the smart water conservancy system and the technology infrastructure model of the blockchain, a conceptual model of a smart water conservancy information sharing platform is established. The platform has four-in-one and multicentralized participants including government departments, water conservancy enterprises, the public, and third-party maintenance, and the design of “alliance chain + private chain” dual chain smart contract. Moreover, the multidimensional scenarios of smart water conservancy innovation applications incorporating blockchain platform technology are addressed. Then, the water rights trading market is taken as an example to propose an innovative development path with consensus mechanisms, smart contracts, asymmetric encryption, and information source tracing. Although there may be some questions and challenges related to smart water conservancy and blockchain technology, this paper can provide a reference for the sustainable development of the smart water conservancy industry due to its fundamental societal contributions.

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Blockchain-driven supply chain finance solution for small and medium enterprises

Cited by 59 publications

References 19 publications

Evolutionary Game Analysis of Blockchain Technology Preventing Supply Chain Financial Risks

Evolutionary Game Analysis of Blockchain Technology Preventing Supply Chain Financial Risks

Bibliometric Analysis of the Blockchain Scientific Evolution: 2014–2020

Construction of Chinese Smart Water Conservancy Platform Based on the Blockchain: Technology Integration and Innovation Application

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