区块链下供应链金融的特点是什么,区块链下供应链金融的特点有哪些

区块链下供应链金融是指通过利用区块链技术对供应链金融活动进行金融管理的一种新型金融模式。它具有安全性高、数据追踪可视化、融资成本低、供应链风险可控等特点，将为企业融资提供更多的可能性。

1.安全性高：区块链技术本质上是一种分布式数据库技术，可以有效防止数据篡改和恶意破坏，确保数据的安全性。此外，区块链技术还可以有效保护金融机构的数据安全，减少金融机构的风险。

2.数据追踪可视化：区块链技术可以记录所有参与者的交易数据，并在区块链上实现数据追踪，使得数据的跟踪变得更加可视化。此外，区块链技术还可以记录企业的资产、负债等信息，有助于金融机构更好地进行风险管理。

3.融资成本低：区块链技术可以有效提高供应链金融的效率，减少中间环节，降低融资成本，为企业融资提供更多的可能性。此外，区块链技术还可以有效提高融资效率，为企业提供更快捷的融资服务。

总之，区块链下供应链金融具有安全性高、数据追踪可视化、融资成本低、供应链风险可控等特点，将为企业融资提供更多的可能性，未来将成为供应链金融领域的一种新型金融模式。

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㈠ Three major characteristics of blockchain

Compared with traditional centralized solutions, blockchain technology mainly has the following three characteristics:

1. The core idea of ​​blockchain is decentralization

In the blockchain system, the rights and obligations between any nodes are equal, and all nodes have the ability to use Computing power votes to ensure that the recognized result is the result recognized by more than half of the nodes. Even if it suffers a severe hacker attack, as long as the number of nodes controlled by the hacker does not exceed half of the total number of global nodes, the system will still be able to operate normally and the data will not be tampered with.

2. The biggest subversion of blockchain is the establishment of credit

Theoretically, blockchain technology can make WeChat Pay and Alipay no longer valuable. "The Economist" gave a vivid metaphor to the blockchain: simply put, it is "a machine that creates trust." Blockchain allows people to collaborate without trusting each other and without a neutral central authority. Combating counterfeit currency and financial fraud will no longer be needed in the future.

3. The collective maintenance of blockchain can reduce costs

In a centralized network system, the maintenance and operation of the system rely on the operation, maintenance and operation of platforms such as data centers. , the cost cannot be omitted. Anyone can participate in the nodes of the blockchain. While participating in the recording, each node also verifies the correctness of the recording results of other nodes, which improves maintenance efficiency and reduces costs.

㈡ What is blockchain technology and how does it change business and financial models

Blockchain technology is a distributed ledger technology that allows Multiple participants work together on a decentralized network to maintain a secure, transparent and immutable record. Blockchain technology was originally designed for the digital currency Bitcoin, but is now widely used in many other fields.

The core features of blockchain technology include:

Decentralization: Blockchain has no central control agency, and data is distributed on various nodes in the network, which makes it decentralized. The centralization feature reduces the risk of single points of failure.

Transparency: Transaction records on the blockchain are public to all participants, and anyone can view these records. This helps increase trust and reduce the risk of fraud.

Immutable: Once a transaction is recorded on the blockchain, it cannot be easily modified or deleted. This guarantees data integrity and security.

Smart contracts: Transactions on the blockchain can be automatically executed to implement "smart contracts", which automatically execute corresponding operations when specific conditions are met. This helps simplify complex business processes and reduce costs.

Blockchain technology has had a profound impact on business and financial models, mainly in the following aspects:

Reducing costs: Blockchain technology can reduce intermediary links, reduce transaction costs and operating costs. For example, by adopting blockchain for cross-border payments, remittance fees can be significantly reduced.

Improving efficiency: The automation and smart contract features of blockchain technology help improve the efficiency of business processes, reduce manual intervention, and reduce error rates.

Enhance trust: The transparency and non-tamperability of blockchain technology help to establish a reliable trust system, reduce the risk of fraud, and provide better protection for business activities.

Innovative business models: Blockchain technology has spawned many new business models, such as decentralized finance (DeFi), digital asset trading, supply chain finance, etc. These new business models have brought disruptive changes to existing industries.

In short, blockchain technology, as an emerging technical means, is gradually changing the landscape of business and finance. With the continuous development of technology and the in-depth promotion of applications, blockchain is expected to have a more extensive and far-reaching impact in the future

ㅢ Blockchain + supply chain transforms into a demand chain, creating a new model of supply chain development!

In 2018, a disruptive technological revolution is coming crazily, and the protagonist is - blockchain.

Blockchain technology is considered to be the next generation of disruptive core technology after steam engines, electricity, and the Internet. If steam engines release people’s productivity and electricity solves people’s basic living needs, The Internet has completely changed the way information is transmitted, and blockchain, as a machine for building trust, will likely completely change the way value is transmitted throughout human society.

The "blockchain+" revolution has begun in industries such as medical care, finance, and smart manufacturing, and will undoubtedly have an important impact on the supply chain. Supply chain management and supply chain finance, because the market scale is large enough and meet the characteristics of multi-trust entities, multi-party collaboration, medium and low-frequency transactions, and complete business logic, are natural places for blockchain to come into play.

1. Problems in the traditional supply chain

Supply chain management has a large span and information asymmetry

The current supply chain has a large span between upstream and downstream. There are many companies involved, and the core company's management capabilities and scope of influence on the entire supply chain are limited. Management efficiency has dropped significantly and management costs have increased.

The product production cycle and supply cycle have become complex, fragmented, and geographically decentralized. Traditional technologies and concepts can no longer adapt to today's commodity production and supply.

Generally, enterprises can manage up to level 1 or 2 suppliers. With the continuous refinement of the global division of labor, the number of suppliers has doubled, continued to extend, and spread all over the world. Core enterprises cannot achieve real-time control over the goods circulated by upstream and downstream supply enterprises.

In the era of big data, information asymmetry will put enterprises at a disadvantage and even reduce the value of the entire supply chain ecosystem.

The ability to trace information is weak

Due to the lack of transparency among companies in the supply chain, buyers and sellers lack an effective and reliable method to verify the products they buy and sell. of true value.

This means that the price paid by the buyer cannot truly reflect the cost of the product, which invisibly increases the overall cost of the supply chain.

At present, the supply chain is still unable to trace the sources of counterfeit and shoddy goods, illegal labor, money laundering and other illegal activities in each link of the supply chain.

It is difficult to obtain data from the entire supply chain

The information systems of the companies involved in the supply chain are scattered in the hands of different suppliers, including procurement, production, circulation, sales, and logistics. When information is completely separated, there is no information platform to store, process, share and analyze this information, which limits the potential value of rich data and information, and a large amount of information is unable to be collected or accessed.

At the same time, it also makes the verification of this information difficult and cumbersome, and the information exchange is not smooth, requiring manual repeated reconciliation, which also increases the audit cost of transaction payment and account period.

2. Blockchain + supply chain can solve many problems

Information is updated in real time and third parties are eliminated

Blockchain can build a A platform for all supply chain links such as suppliers, manufacturers, distributors, retailers, and logistics. On this platform, all enterprises form an alliance to record logistics, information flow, and capital flow on the chain, and track and supervise supply in real time. Chain all dynamics and achieve collaborative work.

The entire supply chain is made transparent and visible. Multiple participants in each transaction can view the same transaction records, verify identities and confirm transactions without the need for third-party intermediaries.

Facilitates traceability

Transformed into ledger information shared by all participants throughout the entire life cycle of the transaction. It is communication based on the status of information rather than the delivery of information. Information that was obscure in the past is now clearly visible.

At the same time, the blockchain is a publicly issued ledger. The ledger has a decentralized structure. No party has ownership of the ledger, nor can it manipulate the data as it wishes. Blockchain can trace the entire process of commodity production.

3. New model of supply chain finance

Since blockchain breaks the data isolation of each enterprise,Island, so the big data given to the supply chain will have more data sources, which will greatly improve the stock and quality of data, allowing big data to play its role better. At the same time, the non-tamperability of blockchain data also enhances the credibility of the data, making it possible for companies to use data for credit reporting, thereby promoting the establishment and prosperity of the big data trading market.

In supply chain finance, the bill platform built with blockchain technology can be combined with supply chain finance business to realize bill financing, issuance, payment bill splitting, statistical reports, clearing and settlement and other functions . Realize that digital bills can be paid and split quickly and openly and transparently under the witness of multiple parties, allowing the credit of core enterprises to be transferred to the upstream and downstream of the supply chain, creating a new model of supply chain finance.

Blockchain can benefit every link in the supply chain and improve the efficiency of supply chain management. Product supply chain collaboration model based on blockchain After the blockchain is added, data is shared among supply chain participants, and a complete and smooth information flow can be formed on the entire supply chain to ensure that participants can discover the operation process of the supply chain system in a timely manner existing problems and find targeted solutions to them, thereby improving the overall efficiency of supply chain management.

In this regard, blockchain technology has greatly accelerated product traceability and product recall, and reduced product quality risks. They will make manufacturing more responsive, enabling customizable customer orders—in effect, transforming supply chains into demand chains. As supply chains operate more like demand chains in this scenario, trust dilemmas like these may force manufacturers to look at blockchain solutions.

In the future, supply chains will be more dynamic, flexible and customer-oriented than today, and geographical location and long-term relationships will no longer be so important.

㈣ How to use blockchain in supply chain finance

In traditional supply chain finance, difficult financing, high financing costs, and cumbersome financing processes have always restricted small, medium and micro enterprises from growing bigger. One of the bottlenecks to becoming stronger. The bank relies on the core enterprise's ability to control goods and regulate sales. For risk control reasons, the bank is only willing to provide factoring business to upstream suppliers (limited to first-tier suppliers) that have direct accounts payable obligations of the core enterprise, or Provide advance payment or inventory financing to its downstream dealers (first-tier suppliers). This has resulted in the needs of second- and third-tier suppliers/dealers with huge financing needs not being met, and the business volume of supply chain finance being restricted. The lack of timely financing for small and medium-sized enterprises can easily lead to product quality problems. , will harm the entire supply chain system.

To solve these problems, the decentralized, non-tamperable, and distributed ledger characteristics of blockchain technology can be used to create a blockchain supply chain financial platform.

1. The core enterprise issues a receivable voucher to the distributor. After the distributor signs the receipt, it indicates that a purchase and sales contract has been signed. The core enterpriseindustry shipping.

2. Distributors need financial loans due to financial constraints.

3. The financial institution will transfer the loan amount to the core enterprise after review and approval.

4. The distributor repays the loan and interest after selling the goods

㈤ What are the key points of the application of blockchain in the financial field

There are many, blockchain is characterized by sharing and trust. Therefore, when applying in the financial field, we should pay attention to two points: first, it must be interactive, that is, transactions are very frequent, and everyone uses data very frequently. Second, this part of the business requires multi-party trust, and then low-cost trust can be established through the blockchain.
For specific information, you can refer to Bubi Blockchain, a relatively well-established blockchain company in China. They currently focus on two aspects of business. One is supply chain finance, which means frequent interactions and complex business; There is also Bumeng, which mainly establishes the credibility of digital assets through the blockchain platform.

㈥ What is supply chain financing and what is the difference between ordinary financing and what are the advantages of supply chain financing?

Supply chain financing is to connect the core enterprises in the supply chain and their related A financing model in which upstream and downstream supporting enterprises as a whole formulate an overall financial solution based on cargo rights and cash flow control based on the transaction relationships and industry characteristics of the enterprises in the supply chain.

The difference between supply chain financing and traditional financing business:

Essentially different. The essence of supply chain financing is the transformation of the credit culture of banks or financial institutions. The essence of traditional financing business is to raise funds from the company's investors and creditors through certain channels.

Advantages of supply chain financing:

1. Not only can small and medium-sized enterprises benefit from it, but core enterprises in the chain can also receive business and financial management support, thereby improving the supply chain The overall quality and stability ultimately form a win-win situation for both banks and supply chain members.

2. Supply chain financing not only helps solve the problem of financing difficulties for supporting enterprises, but also promotes the effective interaction between finance and industry, allowing banks or financial institutions to escape the limitations of a single enterprise and shift their focus from static to enterprise operations. The dynamic tracking will fundamentally change the observation vision, thinking, credit culture and development strategy of banks or financial institutions.

3. For core enterprises, they can use banks' supply chain financing to provide value-added services to suppliers, making the flow of funds more regular and reducing payment pressure. At the same time, it has also expanded its own production and sales, and can compress its own financing and increase the efficiency of fund management.

Principles of supply chain financing:

1. First straighten out the information flow, capital flow and logistics of relevant enterprises in the supply chain;

2. Banks and Financial institutions integrate the capital flow of banks or financial institutions with the logistics and information flow of enterprises based on stable and supervised accounts receivable and payable information and cash flow;

3. Then the bank or financial institutions provide financing and settlement services to enterprisesIntegrated comprehensive business services such as logistics;

4. Unified management and coordination of logistics, capital flow and information flow, so that participants, including various enterprises in the supply chain and banks or financial institutions, are allocated own “cheese”, thereby further improving the efficiency of supply chain management. At the same time, warehousing and logistics companies can help financial institutions reduce credit risks through direct control of materials.

(6) Characteristics of supply chain finance under the blockchain Extended reading:

News about supply chain financing:

The results of the CITE 2019 Blockchain Innovation Achievement Selection were announced at the Seventh China Electronic Information Expo (CITE 2019). Tencent Cloud’s Blockchain Supply Chain Finance (Warehouse Receipt Pledge) Solution was awarded the “CITE 2019 Blockchain Excellent Solution” .

This solution fully integrates Tencent Cloud blockchain technology with warehouse receipt pledge financing scenarios, and combines technical capabilities such as smart warehousing, smart Internet of Things, artificial intelligence, and big data analysis to effectively solve traditional warehouse receipt pledge financing. Issues such as identity trust, risk management and control, and inefficiency in the process.

㈦ Supply chain finance and supply chain financial technology: the value model of relationship finance

Supply Chain Finance (Supply Chain Finance) originates from supply chain management and is a financial system that directly serves the real economy. Although the definition of important models differs due to different perspectives, there is no substantial difference. For example, supply chain finance is defined in a descriptive way: banks focus on core enterprises to manage the capital flow, logistics and information flow of upstream and downstream small and medium-sized enterprises, and It is a financial service that transforms the uncontrollable risks of a single enterprise into the controllable risks of the supply chain enterprise as a whole and obtains various types of information three-dimensionally to control risks to a minimum. Starting from the main elements of supply chain finance, this article first introduces the currently popular supply chain financial technology from a technical perspective and points out its essence; then from a value perspective, it elaborates on the supply chain finance layout and value model construction.

Several key elements need to be clarified here to capture the essence of supply chain finance and integrate it with financial technology:

The first element is the goal: as a subdivision of finance , its goal is "risk controllable" - to control risks to the lowest (or lower, expanding the descriptive definition in the first paragraph) level. In other words, its core values ​​and main tasks are the same as those of finance, but new goals have been added.

The second element is the object: that is, who is the bearer of the main task of finance and the person who achieves the goal? Different financial branches are formed by different main task bearers of finance. Supply chain finance focuses on the entire supply chain enterprise, that is, the production cluster formed by the supply chain, financial or other enterprises (not only limited to banks, but also to the first Expansion of the descriptive definition of paragraph) to achieve the unique goals of supply chain finance through measure management and optimization.

The third element is implicit in the description and is the essence of supply chain finance, that is, supply chain finance.Finance is essentially relationship finance, supply chain is the relationship formed by production, and supply chain finance is the financial service formed on this relationship. The biggest difference between relationship finance and traditional finance is that the core elements of finance are expanded from objects (such as corporate loans, the core element is credit, and the carrier object is the enterprise/future cash flow) to the relationship between objects. This expansion makes the core Elements need to be re-represented, quantified and predicted, with representation and quantification constituting one of the main tasks of finance, "pricing".

The third element of supply chain finance leads to relationship finance, which also makes supply chain finance easier to integrate with financial technology from the beginning. The reason is that the main work of traditional financial analysis is on ordinary real numbers. Calculations are performed on the computer, and by defining measures, probability theory, mathematical statistics, and stochastic processes can fully support financial analysis tasks. If the scenario of big data is considered (high-frequency data is a type of big data), machine learning and artificial intelligence make this analysis more efficient. "Accurate" and more "generalized"; but relational finance requires financial analysis to expand from the real number range to "graph data" - the so-called graph data, that is,

Finance (analysis) defined on graph data for relationship finance (analytics). There are many specific practical scenarios for relationship finance, and most finance can even be generalized into relationship finance, such as international finance. However, the most typical relationship finance is supply chain finance, mainly because it contains the above three main elements and also has such support. Two characteristics of practical application:

The first is that it has a clear and stable basic relationship, which makes the definition of financial elements such as credit clear;

The second is that it has limited service provider (financial institution), which enables the core features of finance to be consistent and the conclusions to be compliant and operable.

From the nature of finance, supply chain finance is actually a comprehensive expression of the three-dimensional characteristics of finance. The coordination and optimization of logistics, information flow, and capital flow simultaneously involve the three characteristic dimensions of finance (insurance Involving 2), in fact, its basic model structure is that logistics, information flow, and capital flow are matched and collaboratively optimized and controlled through financial "factor flow". The factor flow is subject to the goals of financial institutions, regulatory restrictions, and collaborative resources. This process is actually an "operation" on a multi-scale graph. Of course, issues from a certain perspective can be considered with different themes, such as using graph data analysis to optimize capital flow, using big data 5G, etc. to build information flow efficiency, and using financial automation Processes are used to complete the tracking and processing of capital flows. These are relatively mature models of supply chain finance and can also be regarded as the business manifestation of supply chain financial technology. But in fact, supply chain finance also needs to involve the changing characteristics and trends of this "relationship". For example, the "inventory financing" business, the earliest prototype of supply chain finance established by many banks, allows this change in relationship to be expanded to the secondary level of credit. Mortgage and transfer, new financial institutions and financial service institutions of supply chain manufacturers can join in. When we transfer credit multiple times, it also means the formation of a sharing mechanism.This is why it is said that supply chain finance has a "risk sharing mechanism". Among them, financial technology can play a clearer role. Then a more reasonable mechanism for risk sharing means that more reasonable mechanisms can be used in credit decentralization. (So-called supply chain finance supported by blockchain), can replicate relationship credit (so-called professional industry supply chain finance built by platform companies in specific fields), can enrich risk-taking mechanisms (so-called proactive introduction of compliance finance) mode) etc. play a role. Specific applications have been reflected in many cases studying the application of financial technology in supply chain finance, and will not be repeated here.

The above is a more in-depth analysis of supply chain finance from a technical perspective. Next, this article transitions from technology to "value" to consider supply chain finance from the origin of finance. From a research perspective, we can consider the infinite possibilities of technology and the various changes in supply chain finance. However, various definitions of supply chain finance ignore one thing, that is, as an applied financial field, the vitality of supply chain finance lies in "value" "The value of finance is clear, and supply chain finance certainly has the same value, but it also has its unique value, that is: the reduction and elimination of uncertainty with the help of relationship building (three key characteristics of finance) dimensions). Therefore, its core value is the current rationalized credit optimization of multiple cash flows of the future supply chain. Although it is very simple, from this perspective, we can better grasp the overall structure, adjustment, and value creation methods of supply chain finance. direction, and then use supply chain finance to optimize the entire supply chain, ultimately serving the real economy.

Based on the above value models, supply chain finance can be roughly divided into: single value model, oligopoly value model and multi-value model. However, it should be noted that it does not mean that the multi-value model is more advanced, which is different from The real economic industry and regulatory environment in which the supply chain is located are related; at the same time, based on the dimensional characteristics and relationships of finance, supply chain finance can also be divided into 3*3, a total of 9 models.

The author has published a monograph on industrial clusters, and has researched and studied "supply chain finance models in thirteen domestic industries." Some models have also formed teaching guidance cases for graduate students. The key to the success of these models is Sharing of value, but sharing of value is often misunderstood as cash flow (money). In fact, the previous introduction to supply chain finance has explained that the value of its elements is reflected in different stages, and is made when "cash flow" has not been reached. To avoid misjudgments, this article divides three elements and emphasizes its three-dimensional financial characteristics and the importance of relationship finance. Specifically, one is lithium battery (new energy power supply) in a city in Shandong, and the other is "auto parts industry chain finance" promoted by a province in southwest China. Just two contrasting examples. We believe that the current suitable models for supply chain finance in most industries are: single value model (aggregation along geographical dimensions) and multi-value model (aggregation across non-geographic latitudes); among the 9 models, more are about building relationships, credit replication and enriching risk taking. to; under examinationConsidering value creation, choose a strategy of extending financial value.

(The author Zhang Ning, Ph.D., professor, doctoral supervisor, director of the China Financial Technology Research Center of the Central University of Finance and Economics, chairman of the Life Quality Research Association, chairman of the board of directors and chief economist of the Family Development and Cooperation Organization Home)

What are the characteristics of blockchain?

Blockchain has the following characteristics:

1. Decentralization. Blockchain technology does not rely on additional third-party management agencies or hardware facilities, and there is no central control. In addition to the self-contained blockchain itself, each node realizes self-verification, transmission and management of information through distributed accounting and storage. Decentralization is the most prominent and essential feature of blockchain.

2. Openness. The foundation of blockchain technology is open source. In addition to the private information of the transaction parties being encrypted, the data of the blockchain is open to everyone. Anyone can query the blockchain data and develop related applications through the public interface. Therefore, the entire System information is highly transparent.

3. Independence. Based on consensus specifications and protocols (similar to various mathematical algorithms such as the hash algorithm used by Bitcoin), the entire blockchain system does not rely on other third parties. All nodes can automatically and securely verify and exchange data within the system without the need for Any human intervention

(8) Characteristics of supply chain finance under blockchain Extended reading:

Application of blockchain:

1. Application in the financial industry

It can be said that blockchain technology is very suitable for application in the financial industry, such as our common international exchange, letters of credit, equity registration and stock exchanges, etc. , blockchain technology can play a very great value, especially when making transaction payments. Blockchain technology can directly bypass third parties to achieve fast payments, which can greatly reduce costs.

2. Internet of Things Industry

The application of blockchain technology in the Internet of Things industry is also one of the areas that people are optimistic about and has very good prospects. It is very simple: the logistics industry For example, through blockchain technology, the status of products and goods can be monitored and queried in real time at any time, improving the efficiency of supply chain management.

3. Public service field

It must be said that the public service field can be said to be closely related to people’s lives. However, due to its wide scope and many other reasons, it brings There are also quite a few problems, so regarding the issue of centralization characteristics, we can use blockchain technology to achieve the results we want.

4. Digital copyright field

Due to various reasons, there are many incidents of infringement in our society, and through blockchain technology we can obtain timely rights to our works. , upload corresponding certification materials to ensure the authenticity of your rights and interests, and confirm that corresponding records will exist in all subsequent places for your works.

㈨ Blockchain + Supply Chain Finance

Supply chain finance is a bank’s integration of core enterprises andA financing model that connects downstream enterprises to provide flexible financial products and services. Financing services for upstream and downstream supply chain finance usually focus on core enterprises.

Since core enterprises usually have strict requirements on upstream and downstream suppliers and dealers in terms of pricing and account terms, small and medium-sized enterprises in the supply chain often experience financial constraints and liquidity difficulties. To solve the problem of capital circulation difficulties for small, medium and micro enterprises, risk control is the biggest problem for Internet supply chain financial platforms. This also leads to the fact that among the four financing types: accounts receivable, prepayment, inventory financing and credit loans, accounts receivable has the largest scale.

The core pain points of traditional supply chain finance:

The accounts payable assets of core enterprises cannot be transferred step by step, and the factoring business cannot run through the entire supply chain. The financial needs of second- and third-tier suppliers cannot be met, leading to product quality problems.

The use of commercial bills is subject to the credibility of the company, and it is difficult to control the arrival time of discounts; the settlement agreement between suppliers lacks a systematic automatic triggering mechanism; supply chain finance involves multiple links In business, there is a lack of credible technical means to guarantee payment.

Financial institutions have high operational and risk costs in terms of trade background verification, reliable pledge, and payment control, and it is difficult for enterprises or platforms in the trade chain to self-certify. Financial institutions carry out supply chain finance. The costs, risks and benefits of business are more difficult to balance.

According to iResearch's latest "2018 China Supply Chain Finance Industry Research Report": In my country, the accounts receivable of industrial enterprises have reached a certain size, laying the foundation for carrying out corresponding supply chain financing. foundation. However, the scale of supply chain financing is far smaller than that of basic accounts receivable financing.

According to surveys, the loan demand index of small and medium-sized enterprises continues to be greater than 50%, indicating that corporate financing needs continue to exist.

Blockchain technology is a distributed ledger technology with technical characteristics such as decentralization, non-tampering, high security and smart contracts. It ensures the integrity and reliability of information and can effectively solve the transaction process. issues of trust and security.

1) Core enterprises confirm the rights to assets on the blockchain, including verification and confirmation of the authenticity and validity of debt certificates. The non-tamperable nature of the blockchain ensures that the creditor's rights certificate itself cannot be forged, proving the true validity of the circulation of the creditor's rights certificate, and can be split and transferred step by step to achieve credit penetration of core enterprises, thus solving the problem of financing difficulties for supplier companies on the chain. .

2) All data on the chain can be traced back to the source, saving financial institutions a lot of offline due diligence and manpower and material costs to verify the authenticity of transaction information, and supplementing the risk control systems of banks or Internet financial institutions. Relying on the credit transfer of core enterprises, suppliers can enjoy faster and more efficient financing services and effectively solve financing difficulties.Financing is expensive.

3) In this trustful ecosystem, the credit of core enterprises can be converted into online digital warrants, preventing performance risks through smart contracts, allowing credit to be effectively transmitted along the supply chain, reducing cooperation costs, and improving Performance efficiency. More importantly, when digital warrants can be anchored on the chain, smart contracts can also be used to split and transfer funds from upstream and downstream enterprises, greatly increasing the speed of funds and realizing automatic liquidation.

At present, many domestic companies have started using blockchain technology to lay out the supply chain financial market. We selected the following four competing products for analysis and research, and analyzed the solutions of blockchain + supply chain finance.

Product introduction:

Micro Enterprise Chain uses accounts receivable from core enterprises as the underlying assets, and realizes the transfer and split of debt certificates through Tencent blockchain technology.

Among them, when the original assets are registered on the chain, the supplier's accounts receivable are reviewed and verified to confirm the authenticity and validity of the trade relationship to ensure the authenticity and credibility of the assets on the chain. Debt certificates can be split and transferred layer by layer based on the supply chain. Each layer of transfer can completely trace the original assets registered on the chain to achieve credit penetration of core enterprises to multi-level suppliers.

Business process:

Risk control:

Product experience:

There is no specific operation interface to experience the Micro Enterprise Chain. The supplier registration portal is a mini program. The official website of Micro Enterprise Chain/Lianyirong only has a "Contact Us" entrance. It is speculated that the platform is not open to the outside world, and you need to be a target cooperation customer before you can cooperate.

The current operating model of Micro Enterprise Chain is mainly to cooperate with Lianyi Fusion to issue ABS/ABN, and suppliers issue assets and apply for financing on the platform. This model greatly reduces the financing costs of the entire industry chain.

Product introduction:

Yunxin is the corporate credit circulated on the China Enterprise Cloud Chain platform. It is an innovative financial information service that is transformed by large enterprise groups through the China Enterprise Cloud Chain platform into high-quality corporate credit that can be transferred, financed, and flexibly configured.

Business process:

Risk control:

Product experience:

Please refer to the public account tweet "Cloud Chain Finance-User Operations" Manual》

The promotion of China Enterprise Cloud Chain mainly focuses on the carrier of Yunxin. Yunxin = cash (split at will) + commercial tickets (absolutely free) + banknotes (high reliability) + easy traceability nature, "Yunxin" is well extracted as a new type of electronic structure.Advantages of computing tools. At the same time, the concept of blockchain is borrowed to prove the non-tamperability and traceability of data.

Judging from the dynamics of China Enterprise Cloud Chain’s WeChat public account, Yunxin is currently being promoted on a large scale across the country. According to Liu Jiang, chairman of China Enterprise Cloud Chain, there is currently a local promotion team of 200 people, and it will be deployed to 500 people next year. It is estimated that there are approximately 5,000 core enterprises in the country that are worthy of supply chain finance. If one person contacts ten enterprises and 500 people seize these 5,000 core enterprises, the entire supply chain finance in China can basically be covered. Details Click to view.

Product introduction:

After China Construction Group suppliers complete the bidding, signing, order and other procurement processes on the China Construction E-commerce "Yunzhu.com" platform, they can synchronize their supply and sales data Save the certificate to the collaboration platform.

When a supplier needs to finance accounts receivable, it submits a financing application to the bank on the collaboration platform, and the smart contract automatically links the certificate information to provide financing banks with complete and reliable loan review information. After the financing review is passed, the bank will reply to the supplier on the loan information chain. After the financing expires, the supplier completes the financing repayment process through the collaboration platform.

Business process:

Risk control:

Product experience:

Please refer to the article "Working together to "build" the blockchain architecture Industry New Model"

This product is different from the above-mentioned products. The core enterprises it cooperates with currently only target bureau companies and subsidiaries directly under China Construction Group, and its financing services only serve direct trade transactions with core enterprises. As a first-tier supplier, the business model uses on-chain data as evidence for financing materials. At the same time, the blockchain ensures that data is non-repudiable and difficult to tamper with, reducing financing risks.

Product introduction:

Apply blockchain technology to innovatively develop an accounts receivable chain platform to transform corporate accounts receivable into electronic payment settlement and financing tools.

Business process:

Risk control:

Product experience:

Zheshang Bank is based on Hyperchain, the underlying blockchain platform of Qulian Technology The developed “receivables chain platform” was launched. The platform is an innovative financial technology product that uses blockchain technology to convert corporate accounts receivable into online payment and financing tools to help companies deleverage and reduce costs. It is specially used to handle the issuance, acceptance, confirmation, payment, transfer, pledge and redemption of corporate accounts receivable.

Here, we use the business canvas to comprehensively analyze the commercialization model of competing products.

The business models and business processes of blockchain + supply chain finance products are actually very similar and easy to imitate.

In addition to the ones mentioned in this article, there are also Bubi Blockchain, Qulian Businessman/Ximei Chain, etc., but to become bigger and stronger, you need to fight for resources. This business model is destined to be led by the core enterprise with the highest bargaining power. So how many core enterprise resources you can introduce and whether the core enterprise is large enough depends on the business capabilities of your platform.

The main purpose of doing this competitive product analysis is to study the business model and commercial operations. In fact, the water there is still very deep. It is not just a flow chart + capital flow or something to copy others. business model.