On April 3, 2020, the Huobi Blockchain Research Institute joined forces to jointly release a research report on the theme "Supply Chain Finance under the Blockchain". The report elaborates the current status of China's supply chain finance, explores the main issues facing the current supply chain finance industry, and conducts specific analysis from the advantages of blockchain, the supply chain finance industry, mode exploration, and landing difficulties, etc. The application cases of block chain technology in the supply chain finance industry are sorted out. Finally, the report proposes considerations for the development direction of future blockchain supply chain finance.
Yuan Yuming, president of Huobi Research Institute, said that small and medium-sized enterprises have made great contributions to China's economic development, but due to the lack of sufficient collateral and other issues, they have long faced the dilemma of difficult financing and expensive financing. In particular, the current epidemic is sweeping the globe, and the economic situation is not optimistic. Small and medium-sized enterprises are facing great challenges. The state has also issued relevant policies to support small and medium-sized enterprises. However, for various reasons, financial support is difficult to reach small and medium-sized enterprises in the real economy.
Supply chain finance relies on the core credit of supply chain to solve financing problems for SMEs. According to the forecast of the China Commercial Industry Research Institute, benefiting from the continuous development of accounts receivable, inventory and financial leasing market, the size of China's supply chain financial market will show a steady development trend, from 13 trillion in 2017 to 2020 15 trillion. "Supply chain finance involves many links, there may be a variety of problems, through the blockchain to ensure that the entire information flow is credible and not tampered with." Yuan Yuming said.
