Blockchain,Enterprise Digitalization,and Supply Chain Finance Innovation

作     者：GONG Qiang BAN Mingyuan ZHANG Yilin GONG Qiang;BAN Mingyuan;ZHANG Yilin

作者机构：Wenlan School of BusinessZhongnan University of Economics and LawWuhan 430073China Institute of Digital FinanceNational School of DevelopmentPeking UniversityBeijing 100871China School of BusinessCenter for New Structural EconomicsInstitute of State GovernanceSun Yat-sen UniversityGuangzhou 510275China 

出 版 物：《China Economic Transition》 (当代中国经济转型研究（英文版）)

年 卷 期：2022年第5卷第2期

页      面：131-158页

学科分类：0202[经济学-应用经济学] 02[经济学] 020205[经济学-产业经济学] 

基　　金：This paper is supported by key projects of National Social Science Fund of China(No.18ZDA091) National Natural Science Foundation of China(No.72073146,No.71773143,No.71703131) Guangdong Provincial Natural Science Foundation(No.2019A1515012157) Fundamental Research Funds for the Central Universities(No.2722019PY002,No.31510000137,No.202012110) 

主　　题：blockchain supply chain finance moral hazard fintech 

摘      要：Digital supply chain finance is an innovative product created through the integration of the blockchain technology and traditional supply chain *** paper constructs the theoretical framework of mortgage financing from banks by enterprises in the supply chain network,and systematically analyzes the economic rationale governing the digital supply chain finance,along with its pros and cons compared with traditional supply chain *** findings show,when there are enough enterprises on the supply chain and sufficient qualified information about these enterprises,the consensus mechanism of the supply chain can reveal closeto-truth enterprise information and prevent information manipulation,malicious fraud,and other moral hazards so that banks can provide accessible and affordable financing services for enterprises on the chain with risks effectively ***,if there are not enough enterprises on the chain and the credibility of their information cannot be guaranteed,banks will prefer traditional offline methods such as due diligence for risk *** paper theoretically reveals that,along with the broad application of the blockchain technology in the supply chain and the resulting digitalization of enterprises,digital supply chain finance based on blockchain technology will become a more efficient and inclusive means of financial support.