Proceedings of the 5th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2023, December 8–10, 2023, Guangzhou, China

Research Article

Research on Receivables Financing Model in Supply Chain Finance Based on Blockchain Technology

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  • @INPROCEEDINGS{10.4108/eai.8-12-2023.2344789,
        author={Chunhai  Wang},
        title={Research on Receivables Financing Model in Supply Chain Finance Based on Blockchain Technology},
        proceedings={Proceedings of the 5th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2023, December 8--10, 2023, Guangzhou, China},
        publisher={EAI},
        proceedings_a={MSIEID},
        year={2024},
        month={4},
        keywords={blockchain; supply chain finance; receivables; smart contracts; core enterprise; risk management},
        doi={10.4108/eai.8-12-2023.2344789}
    }
    
  • Chunhai Wang
    Year: 2024
    Research on Receivables Financing Model in Supply Chain Finance Based on Blockchain Technology
    MSIEID
    EAI
    DOI: 10.4108/eai.8-12-2023.2344789
Chunhai Wang1,*
  • 1: Shandong Vocational College of Science and Technology
*Contact email: 415412144@qq.com

Abstract

The deep integration of blockchain technology and supply chain finance is a new trend in the current landscape of supply chain financial services. This paper thoroughly explores the business process and characteristics of the blockchain-based receivables financing model in supply chain finance. Drawing on comprehensive risk management theory, the risk focal points of this model are systematically analyzed. Using fuzzy comprehensive evaluation and analytic hierarchy process, risk assessment indicators for the blockchain-based receivables financing model in supply chain finance are constructed, and empirical research is conducted to manage these risks effectively. The study reveals that the risk factors of the blockchain-based receivables financing model in supply chain finance, ranked from high to low, are core enterprise risk, collateral risk, macro-environmental risk, technological risk, and operational risk. Based on these findings, recommendations are proposed, including the establishment of a robust core enterprise supervision system, reinforcement of collateral management, prudent assessment of the macro environment, increased investment in technology, and enhancement of internal corporate management systems and financial literacy of personnel.