Consensus Mechanism and Financial Applications of Blockchain Principles Adoption in Agricultural Value Chain Financing

Jiawei Yao

Proceedings of the 4th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2022, December 9-11, 2022, Chongqing, China

Research Article

Consensus Mechanism and Financial Applications of Blockchain Principles Adoption in Agricultural Value Chain Financing

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Cite: BibTeX Plain Text

@INPROCEEDINGS{10.4108/eai.9-12-2022.2327630,
    author={Jiawei  Yao},
    title={Consensus Mechanism and Financial Applications of Blockchain Principles Adoption in Agricultural Value Chain Financing},
    proceedings={Proceedings of the 4th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2022, December 9-11, 2022, Chongqing, China},
    publisher={EAI},
    proceedings_a={MSIEID},
    year={2023},
    month={3},
    keywords={blockchain; agricultural value chain financing; credit environment; agricultural revitalization},
    doi={10.4108/eai.9-12-2022.2327630}
}

Jiawei Yao
Year: 2023
Consensus Mechanism and Financial Applications of Blockchain Principles Adoption in Agricultural Value Chain Financing
MSIEID
EAI
DOI: 10.4108/eai.9-12-2022.2327630

Jiawei Yao¹^,*

1: School of Economics and Management, Tianjin University of science and Technology, Tianjin, 300457

*Contact email: 2661775790@qq.com

Abstract

Blockchain is a new technology based on the interdisciplinary development of cryptography, statistics, economics, and computer science. Its application is a research hotspot under the background of the development of Internet technology. This paper studies the working principle, algorithm and consensus mechanism represented by workload proof of emerging technology blockchain. In addition, this paper expounds the advantages of blockchain technology in promoting and improving agricultural value chain financing. Finally, this paper confirms the positive impact of blockchain and other technologies on rural credit through data.

Keywords: blockchain; agricultural value chain financing; credit environment; agricultural revitalization

Published: 2023-03-14
Publisher: EAI

: http://dx.doi.org/10.4108/eai.9-12-2022.2327630