How to use blockchain to improve the digital level of the financial chain?

In December 2021, Tsinghua University Institute of Health Administration and Zhongguancun Large Data Industry Chain Federation jointly published the "China Blockchain Industry Ecology Map Report (2021)". The notice says:Currently, blockchain applications in our country are mainly based on financial instruments, product acquisition, deposit licenses and mandates.Blockchain and supply chain finance are heavenly friends, this article provides characteristics of the chain with the concept of blockchain to explain how blockchain technology can improve the digital level of chains.

A feature of the financial chain is that financial firms continue to provide financial services in the form of products by focusing on key companies and shifting the uncertainty risk from the shipping company to the total risk of the shipping company. It can be seen that the key to the growth of financial products is to open up the credit of key companies, so that small and medium enterprises can increase their profits well and easily.

A blockchain is a distributed product created by combining blocks recognized by an approved use of cryptographic technology.“Approval Agreements” and “Additional Decisions” to ensure tamper-evident and track the status of the blockchain and ensure continued and meaningful disclosure of marketing information is indeed the bottom line of the equipment. Based on the use of blockchain technology, SMEs upstream and downstream of the supply chain can track important business information, such as prices and contracts, on the supply chain, level by level. , down to the critical enterprise level, eliminate the worries of financial companies about providing information and SMEs This solves the difficult and costly financial problems of small businesses When solving the problem of inability to self -certify this credit. For example, Zhengbang technology production chain suppliers can use Wanxiang blockchain financial platform to apply for financial aid from Jiangxi Bank online using contracts and letters of credit. reduced. . , to improve the financial efficiency of suppliers.

Distributed ledger technology can meet the needs of the financial chain for 3D data stored in the chain data modification process by synchronizing all the nodes of the blockchain in time.In a decentralized blockchain network, the upstream and downstream relationships of the supply chain are multidimensional. The nodes in the chain can display the market information related to the ascending and descending markets, as well as the market information of each supplier in the whole product, authorized for financial institutions to obtain information on the capital of small and medium companies (SMEs). confidence in key companies. , let SMEs get more information.For key companies, it can also be pen-to-pen chain management to optimize chain production and reduce chain risks. .

The separation of digital certificates based on the change in reliability and access control further improves the accessibility of financial products. According to the lending companies, the main companies verify the rights to the product from the first suppliers in the chain and issue an e-gift certificate. Electronic vouchers can be divided into several levels of service providers. Physicians can use the certificate to pay financial institutions, distribute it to the following vendors as payment and contract instruments, or keep their own after expiration. Many levels of commercial enterprises were commercialized, and transactions such as payments, contracts, and finance resulted in a shorter period in which goods were acquired.

The goal of financial products is to help businesses get the most out of their current assets: cash receipts, prepayments, and inventory. That the above-mentioned blockchain application only applies to the use of commercial chain products received and prepaid. so,The integration and innovation of technologies such as blockchain and the Internet of Things will further enhance the digitization of warehouse finance and awareness of secure warehouse transactions.

The benefits of IoT technology are driving the digitization of warehouse finance. By transforming IoT devices integrating security and financial management into blockchain modules, the data collected from IoT devices is integrated into the foundation to ensure the accuracy and reliability of the data, and the output reliability of the blockchain ledger and the time stamp tracking technology and electronic data security specialty, increase reliability of data storage, improve risk management, improve financial efficiency, block access to real money and help businesses to solve their financial problems.

The end result of using technology is applications, and blockchain support for financial products has now landed.Wanxiang Blockchain is a blockchain trusted warehouse accepting CA freight forwarding system designed for Dading Oil Storage Co., Ltd. It uses the Internet of Things, authentication and blockchain technology to ensure the finality and reliability of offline physical data. The electronic components of the electronic device are sent to the line in real time to complete the online and offline data and the reliability of the online electronic data, improve the level of electrical control of Daeding oil storage, and reduce the cost of the reliability by third parties. Digitization and the financing of raw materials have provided an additional benefit to the Dading oil reserve.

Blockchain supply chain financing has become the norm, but in reality the technology will not be a new challenge. Regular research and solutions in the applications sector can support technology development and technology development in response to application scenarios and support technology transformation.

Applications

China Digital Supply Chain Innovation and Financial Action Report (2021) Released For The First Time!

http://www.cnfina.com/kuaixun/20210929_188379.html

Are there any restrictions on small business finances? How to solve financial chain problems matters

https://mp.weixin.qq.com/s/GLEP7dZ4maYT32TEQl8KDw

Examine and consider the financial standards of household appliances

https://zhuanlan.zhihu.com/p/373561301

How to manage and control risk in the financial chain?

https://zhuanlan.zhihu.com/p/113798652