Abstract
This study delves into how blockchain technology addresses information barriers, lack of trust, and speed of response in supply chain finance credit. Combining theoretical models and practical cases, the study reveals that blockchain realizes real-time sharing, immutable and full traceability of transaction data in supply chain finance credit through the advantages of distributed ledger and smart contracts, significantly improving transparency and credibility. The innovative system architecture designed and validated uses blockchain to manage supply chain assets, execute credit assessment and risk control strategies, improve the efficiency and accuracy of credit decisions, and enhance risk anticipation and response capabilities. This research has proved that blockchain effectively solves the information asymmetry of traditional models, strengthens the trust relationship between participants, and substantially optimizes the quality of credit services and processing speed. At the same time, this study conducted an in-depth analysis of the challenges and risk points in the application of blockchain in supply chain finance and credit. It proposed corresponding risk management measures and solutions, providing a solid theoretical basis and practical reference for promoting model innovation in this field. This study also helped to improve the financing efficiency of the real economy and enhance the competitiveness of the industrial chain.
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How to cite this paper
Research on the Application of Blockchain Technology in Fast Response Supply Chain Finance Credit
How to cite this paper: Daoyun Tang. (2024) Research on the Application of Blockchain Technology in Fast Response Supply Chain Finance Credit. Journal of Humanities, Arts and Social Science, 8(5), 1188-1193.
DOI: http://dx.doi.org/10.26855/jhass.2024.05.021