Discussion—How Does the Full Potential of Blockchain Technology in Supply Chain Finance Look Like?

2017 ◽  
pp. 77-87 ◽  
Author(s):  
Erik Hofmann ◽  
Urs Magnus Strewe ◽  
Nicola Bosia
Keyword(s):  
Supply Chain ◽  
Full Potential ◽  
Blockchain Technology ◽  
Supply Chain Finance

scholarly journals The Sustainable Development of Financial Topic Detection and Trend Prediction by Data Mining

2021 ◽  
Vol 13 (14) ◽  
pp. 7585
Author(s):  
Yunmei Liu ◽  
Shuai Zhang ◽  
Min Chen ◽  
Yenchun Wu ◽  
Zhengxian Chen
Keyword(s):  
Data Mining ◽  
Supply Chain ◽  
Financial Institutions ◽  
Clustering Algorithm ◽  
Development Trend ◽  
Research Field ◽  
Trend Prediction ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
The Government

Blockchain technology is the most cutting-edge technology in the field of financial technology, which has attracted extensive attention from governments, financial institutions and investors of various countries. Blockchain and finance, as an interdisciplinary, cross-technology and cross-field topic, has certain limitations in both theory and application. Based on the bibliometrics data of Web of Science, this paper conducts data mining on 759 papers related to blockchain technology in the financial field by means of co-word analysis, bi-clustering algorithm and strategic coordinate analysis, so as to explore hot topics in this field and predict the future development trend. The experimental results found ten research topics in the field of blockchain combined with finance, including blockchain crowdfunding, Fintech, encryption currency, consensus mechanism, the Internet of Things, digital financial, medical insurance, supply chain finance, intelligent contract and financial innovation. Among them, blockchain crowdfunding, Fintech, encryption currency and supply chain finance are the key research directions in this research field. Finally, this paper also analyzes the opportunities and risks of blockchain development in the financial field and puts forward targeted suggestions for the government and financial institutions.

Analysis of the Application of Blockchain Technology in the Field of Supply Chain Finance in the Natural Gas Industry

2021 ◽  
Author(s):  
Jianping Zhang ◽  
Fuping Wang ◽  
Yongsong Pu ◽  
Pu Li ◽  
Yingkai Ma ◽  
...  
Keyword(s):  
Supply Chain ◽  
Natural Gas ◽  
Financial Services ◽  
Organizational Innovation ◽  
Gas Industry ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
Natural Gas Industry ◽  
Financial Framework ◽  
Gas Supply

Abstract After China's supply chain finance business has gradually matured in the consumer finance field, it has begun to extend to the industrial finance field. As a branch of industrial finance, the natural gas industry supply chain finance business has gradually developed, and the number of participants has gradually increased. The article mainly introduces the development status of natural gas supply chain financial services in China. Research has found that there are still many problems in the current industry development, such as the inability of effective collaboration among participants, and the inability to unify logistics, information flow, capital flow and energy flow in the industry. On this basis, the article studies the methods of blockchain technology to solve corresponding problems, and proposes the application ideas of blockchain technology in the field of natural gas supply chain finance, hoping to promote development by constructing a business model business architecture and technical architecture, This model can produce significant economic and social benefits, has a high theoretical feasibility, but there is no concrete examples at present. Finally, suggestions are made in five aspects, including strengthening the design of top-level systems, incorporating energy flows into the supply chain financial framework system, creating an open innovation atmosphere, enhancing technological progress, strengthening core corporate social responsibility, and promoting core corporate organizational innovation.

scholarly journals Application of Blockchain Technology in Supply Chain Finance of Beibu Gulf Region

2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
RenLan Wang ◽  
Yanhong Wu
Keyword(s):  
Supply Chain ◽  
Financial Risk ◽  
Chain Structure ◽  
Beibu Gulf ◽  
Application Research ◽  
Gulf Region ◽  
Processing Efficiency ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
A Chain

Blockchain technology is a database that is operated by multiple parts and forms a chain structure through hash index. The blockchain uses multiple nodes and distributes multiple accesses to data, thereby reducing the dependence on the central Internet server and avoiding the possibility of damage to the central server point due to data and data loss. Encryption technology is used to ensure its integrity and ensure that the data files stored in the blockchain are not tampered with or deleted maliciously. Blockchain technology has inherent advantages in supply chain finance with its technical attributes such as nontampering, distributed ledger, and traceability and has great potential to build trust to solve the main problems of supply chain finance, which is conducive to promoting financial development in the Beibu Gulf region. This article mainly introduces the application research of blockchain technology in supply chain finance in the Beibu Gulf region and intends to provide some ideas for the development of supply chain finance in the Beibu Gulf region combined with blockchain technology. This article proposes the application research methods of blockchain technology in supply chain finance in the Beibu Gulf region, including blockchain technology, supply chain financial risk evaluation on the blockchain, and supply chain finance game for relevant experiments. The experimental results of this article show that the average processing time of the algorithm of the designed blockchain supply chain financial system is 4.10 seconds, the algorithm processing efficiency is faster, and the relevant risks can be better assessed.

scholarly journals Analysis of Revenue Incentive Dynamic Mechanism of Financial Supply Chain from the Perspective of the Internet of Things

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Yue Yin
Keyword(s):  
Supply Chain ◽  
Life Cycle ◽  
Influencing Factors ◽  
Incentive Mechanism ◽  
Influencing Factor ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
The Incentive Mechanism ◽  
Relationship Factors ◽  
The Internet Of Things

With the rapid development of society, all walks of life need the support of the Internet of Things, and the financial industry is no exception. This article integrates blockchain technology with supply chain finance and builds a supply chain financial alliance architecture based on blockchain technology and an underlying model of the Ethereum blockchain system suitable for supply chain finance. We innovated new supply chain finance models and operating mechanisms and proposed business scenarios for supply chain finance from the perspective of blockchain. Taking into account the actual operation of the blockchain supply chain financial platform, the principal-agent model and the incentive theory are applied, and the supply chain financial accounts receivable model is taken as an example in the case of complete information and incomplete information. The incentive mechanism between the service provider of the chain supply chain financial platform and the core enterprise promotes the better implementation of blockchain technology and supply chain finance. Based on the existing theoretical research, this paper identifies the key influencing factors of the supply chain’s cross-enterprise incentive mechanism. These influencing factors system includes two dimensions: transaction factors and relationship factors. Transaction factors include resource dependence, uncertainty, and cooperation experience; relationship factors include corporate reputation, trust level, and relationship commitment. Based on the nature of the incentive mechanism, information sharing and revenue sharing are extracted as the measurement dimensions of the supply chain’s cross-enterprise incentive mechanism. On this basis, this article draws on the existing enterprise life cycle division method and constructs a hypothetical model of the influencing factors of the incentive mechanism in the incubation period, the growth period, and the maturity period. Relevant data was collected through questionnaires, and SPSS and AMOS software were used to perform statistical analysis, reliability analysis, exploratory factor analysis, confirmatory factor analysis, and structural equation hypothesis testing on the data. The performance of each influencing factor in different stages of the enterprise’s life cycle and the importance of each influencing factor in the same life cycle stage are obtained.

scholarly journals Research on the Development of Blockchain in Supply Chain

2021 ◽  
Vol 292 ◽  
pp. 02001
Author(s):  
JunJie Zheng ◽  
TianFeng Ye
Keyword(s):  
Supply Chain ◽  
Information Service ◽  
Basic Research ◽  
Financial Information ◽  
Present Stage ◽  
Critical Stage ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
Stage Of Development ◽  
China’S Economy

At the present stage, China’s economy is at a critical stage of transformation and development, and supply chain finance has also entered a deep stage of development. In order to promote supply chain finance to get rid of hollowing out and other traps, it is necessary to improve the way of financial information service. Some characteristics of blockchain technology are consistent with the development of supply chain finance, which can improve the industry’s ability to control risks related to supply chain finance to a certain extent, and make supply chain finance better serve the real economy.On the basis of previous basic research, this paper creatively puts forward how to use blockchain to solve the problems existing in supply chain finance, and discusses in detail the obstacles to the popularization of blockchain technology in the field of supply chain finance, thus providing some schemes for realizing the application of blockchain in the field of supply chain finance.

scholarly journals Evolutionary Game Analysis of Blockchain Technology Preventing Supply Chain Financial Risks

2021 ◽  
Vol 16 (7) ◽  
pp. 2824-2842
Author(s):  
Rui Sun ◽  
Dayi He ◽  
Huilin Su
Keyword(s):  
Supply Chain ◽  
Credit Risk ◽  
Financial Institutions ◽  
Evolutionary Game ◽  
Decisive Role ◽  
Financial Risks ◽  
Factors Affecting ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
Before And After

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.

scholarly journals Blockchain Applications in Healthcare and Public Health: Increased Transparency (Preprint)

2020 ◽  
Author(s):  
Pedro Elkind Velmovitsky ◽  
Frederico Moreira Bublitz ◽  
Plinio Pelegrini Morita
Keyword(s):  
Supply Chain ◽  
Data Sharing ◽  
Point Of View ◽  
Security And Privacy ◽  
Full Potential ◽  
Management Process ◽  
Blockchain Technology ◽  
Trade Offs ◽  
Counterfeit Products ◽  
Smart Technologies

BACKGROUND While Big Data and smart technologies allow for the development of precision medicine and predictive models in healthcare, there are still several challenges that need to be addressed before the full potential of this data can be unleashed (e.g., data sharing and interoperability issues, lack of massive genomic datasets, data ownership, and security and privacy of health data). Health companies are exploring the use of Blockchain, a tamperproof and distributed digital ledger, to address some of these challenges. OBJECTIVE Obtain an overview of Blockchain solutions that aim to solve challenges in healthcare from an industry point of view, focusing on solutions being developed by health and technology companies. METHODS We conducted a literature review, following the protocol defined by Levac et al. to analyze the findings in a systematic manner. In addition to traditional databases such as IEEE, PubMed and Google Scholar, we included search and news outlets such as CoinDesk, CoinTelegraph, and Medium. RESULTS Healthcare companies are using Blockchain to improve challenges in 5 key areas: (i) electronic health records - Blockchain can address interoperability issues by creating an overarching mechanism to link disparate personal records, as well as stimulate data sharing by connecting owners and buyers directly; (ii) Drug (and Food) supply chain - Blockchain can provide an auditable log of a product’s provenance and transportation (including information on the conditions in which the product was transported), increasing transparency and eliminating counterfeit products in the supply chain; (iii) health insurance - Blockchain can facilitate the claims management process as well as help users to calculate medical and pharmaceutical benefits; (iv) genomics - by connecting data buyers and owners directly, Blockchain can increase sharing of genomic data, increasing its availability; and (v) consent management - since all participants in a Blockchain network view an immutable version of the truth, Blockchain can provide an immutable and timestamped log of consent, increasing transparency in the consent management process. CONCLUSIONS Blockchain technology can improve on several challenges faced by the healthcare industry today. However, companies must evaluate how Blockchain’s features can affect their systems (e.g., Blockchain being append-only limits the deletion of data stored in the network and distributed systems, although more secure, are less efficient). While these trade-offs need to be taken into account when considering Blockchain solutions, the technology has potential to optimize processes, minimize inefficiencies, and increase trust in all contexts covered in this review.

APPLYING BLOCKCHAIN TECHNOLOGY TO RESHAPE THE SERVICE MODELS OF SUPPLY CHAIN FINANCE FOR SMES IN CHINA

2021 ◽  
pp. 1-18
Author(s):  
JINGJING CHEN ◽  
SHIYI CHEN ◽  
QINGFU LIU ◽  
MI SHEN
Keyword(s):  
Supply Chain ◽  
Business Models ◽  
Finance Management ◽  
Finance Industry ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
Self Testing ◽  
Technical Architecture ◽  
New Vision ◽  
The Impact

Supply chain finance refers to the financial service model in which banks rely on core enterprises to manage the capital flow and logistics of upstream and downstream small- and medium-sized enterprises (SMEs). It adopts the self-testing and closed-loop credit model to control funds and risks. It is an efficient route for SMEs to solve the problem of financing. However, at present, the market of supply chain finance in China still faces problems such as the inability of credit disassembly of core enterprises, which seriously hinder the development of the supply chain finance industry. Blockchain technology featuring decentralization, tamper-proofing and traceability had been widely adopted in the field of finance and provided a new vision to solve the bottleneck for the development of supply chain finance. In this paper, with regard to the characteristics of supply chain finance, we propose a novel blockchain-driven architecture to reshape the business process of supply chain finance, and we introduce the underlying technical implementations in detail. Our contributions in this paper include (1) proposing a novel technical architecture of blockchain-driven supply chain finance management system and detailing its underlying implementations; (2) designing the mechanism of the credit disassembly, which is implemented by blockchain technology, to improve financing efficiency; and (3) exploring the impact and potential of blockchain technology in traditional business models (e.g., receivables financing, inventory financing and prepayment financing) in supply chain finance.

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