Today, the continuous growth of the financial industry has brought more vitality to my country's economic development, among which supply chain finance is an important part. In recent years, various commercial banks have been restricted by the scale of credit, and the amount of loans that can be issued is very limited. However, through acceptance, bills, letters of credit and other deferred payment tools, it can not only enhance mutual trust between enterprises, but also stabilize a group of customers. It also makes the banking industry pay more attention to the supply chain financial business than ever before.
From a definition point of view, the core of supply chain finance is that the bank manages the capital flow and logistics of upstream and downstream small and medium-sized enterprises around the core enterprise, and transforms the uncontrollable risk of a single enterprise into the controllable risk of the supply chain enterprise as a whole. Such information, and control the risk to the minimum financial service. The emergence of supply chain finance is of high value. Supply chain finance can achieve mutual benefit and win-win between banks and enterprises. Under the supply chain finance model, banks can jump out of the limitations of a single enterprise and stand at the overall height of the industrial supply chain to provide financing to all member enterprises Arrangements to provide credit through the credit binding of small and medium-sized enterprises and core enterprises, so as to achieve better capital flow.
Supply chain finance encounters obstacles
With the continuous deepening of socialized production methods, market competition has changed from competition between single customers to competition between supply chains, and all parties in the same supply chain are interdependent."Prosperity and loss"Tradition"Tradition"The credit method obtains the financial support of the bank, and the shortage of funds will directly lead to the stagnation of the follow-up links, and even the occurrence of"broken link"。
Maintaining the survival of the supply chain, improving the efficiency of supply chain capital operations, and reducing the overall management cost of the supply chain have become an important topic actively explored by all parties. So, how to solve this problem, the emerging technology blockchain can tell you the answer. As an innovator in the blockchain field, Wangchain Technology has been committed to promoting the implementation of blockchain technology in various traditional industries. Based on in-depth research on traditional supply chain finance, Wangchain Technology has launched a "blockchain + supply chain finance" solution, aiming to use blockchain technology to help solve the pain points of traditional supply chain finance.
Blockchain solves corporate financing difficulties
For a long time, due to lack of credit, few collaterals such as fixed assets, and opaque financial information, small and medium-sized enterprises have serious financing difficulties. Not only are the lending rates low, but the financing costs of small, medium and micro enterprises are much higher than the average bank loan interest rate. The blockchain itself can solve the problem of trust. In the current traditional bank investigation system, it takes a long time to obtain trust for small and medium-sized enterprises, the investigation is difficult, and the cost of manpower and time is relatively high. This has caused the small and medium-sized enterprises that need the most capital flow to be unable to get money, and because of the lack of collateral for fixed assets, small and medium-sized enterprises are not trusted by banks. However, if the blockchain system is used, this difficulty can be easily solved. .
The information of small and medium-sized enterprises can be fixed on the chain. Since the information on the chain cannot be tampered with, once it is changed, it will be displayed on the chain, which can effectively improve the difficulty of the bank's investigation and quickly reduce the procedure. After all, for small and medium-sized enterprises, time is life, and the normal operation of the enterprise can only be guaranteed if the supply chain is continuous and the money is running.
Blockchain breaks information silos
At present, no matter whether it is a large enterprise or a small enterprise, there is a data gap, and the data problem has always been a big problem, especially as an Internet company, the competitiveness of an enterprise lies in the data. However, in the industry, core enterprise data is unilateralized, privatized, and closed, and information forms isolated islands, which cannot be shared within the industry, and information islands are serious. The blockchain can break the island of information and allow all trade data to be stored based on the blockchain. With the characteristics of traceability, consensus and non-tampering, it ensures the integrity and credibility of information, and solves trust and security issues in the transaction process.
Blockchain improves the difficulty of credit transfer
There is another key problem in the difficulty of financing for SMEs, that is, the difficulty of credit transmission. It is difficult to transfer credit, the credit of core enterprises cannot be effectively utilized, the credit of core enterprises cannot be transferred to the middle and late stages of the industrial chain, and upstream and downstream enterprises still face the dilemma of financing difficulties.
This has caused upstream companies and core companies to raise funds faster, but downstream companies face certain problems in financing, and the blockchain can solve this problem. After the application of blockchain technology, the credit of core enterprises can be transmitted to the bottom layer based on real trade background financing, making information transparent. Anyone with a private key can view information at any time, and upstream enterprises and core enterprises can endorse downstream enterprises , thereby improving the credit utilization rate and capital turnover rate.
Penetrate multiple formats and improve trust
Supply chain finance involves many different subjects and industries, including commercial banks, core enterprises, and small and medium-sized enterprises, including suppliers, manufacturers, distributors, retailers, and different formats: such as logistics and warehousing. In the process of interaction between various enterprises, we still cannot avoid the circulation and transmission of information. Once there are too many enterprises in the chain, the circulation and transmission of information will slow down and become "inaccurate". Blockchain can Let the data be shared, realize the resource sharing of multiple core enterprises, and realize the industrial collaboration.
In the "Blockchain + Supply Chain Finance" solution of Wanglian Technology, real-time monitoring and early warning of corporate credit changes and supply chain changes can also be realized through big data risk control, so as to achieve forward-looking risk management and control.
Blockchain improves network structure
Blockchain technology is a new application model of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other technologies, enabling participants to achieve peer-to-peer grid collaboration. This facilitates cross-agency coordination without significant hierarchy or affiliation between parties, so that business can be conducted without negotiating organizational structures, as long as business rules are solidified into the initial setup of the blockchain , simple and fast.
In terms of system stability, the blockchain is highly stable and can also be used as a basic platform for supply chain financial operations to meet the basic requirements for system stability in supply chain financial business. Supply chain data can be effectively protected. Supply chain Financial business processes can also operate stably on the blockchain system.
Blockchain improves storage technology
The distributed and collectively maintained storage method can make traders completely anonymous and transaction information completely transparent. Participants can jointly maintain a ledger where all data is visible, and through distributed encrypted storage of data and data immutability, the integrity of data is effectively guaranteed. At the same time, because the data security on the blockchain is high and the transactions cannot be withdrawn, the supply chain financial system using blockchain technology will often carry out stricter identity authentication and anti-money laundering, which further strengthens the trust system of the blockchain .
