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Research on the Application of Blockchain Technology in Coal Supply Chain Finance

Author

Listed:
  • Jia Liu

    (State Key Laboratory of Media Convergence and Communication, Communication University of China, Beijing 100024, China)

  • Jianzhao Li

    (College of Economics and Management, Yanshan University, Qinhuangdao 066000, China)

  • Jianrui Wang

    (College of Economics and Management, Yanshan University, Qinhuangdao 066000, China)

  • Md Moslah Uddin

    (Shanghai Wicresoft Ltd., Chittagong 4000, Bangladesh)

  • Baoxin Zhang

    (Endicott College, Woosong University, Daejeon 34598, Korea)

Abstract

The implementation of measures to limit electricity consumption in many provinces of China has caused coal prices to rise irrationally, further aggravating the financing problems of small and medium-sized enterprises in the supply chain. Small and medium-sized enterprises lacking funds cannot effectively participate in the green transformation and development of the coal industry, which slows down the sustainable development process of the coal industry. Under the current background of low-carbon advocacy, blockchain technology can reasonably allocate resources and efficiently process information, thereby providing a solution for this financing problem. This paper first proposes a coal accounts receivable financing model based on blockchain technology, then builds a coal accounts receivable financing system dominated by ports through blockchain technology. Finally, the Stackelberg yield–benefit model is used to analyze the income function of each participant in the process of accounts receivable financing. The results show that the use of blockchain technology can reduce the financing condition of financial institutions and improve the maximum income of cooperative enterprises in the chain while solving the financing problems of small and medium-sized enterprises in the coal supply chain. This study provides practical significance and theoretical value for promoting the transformation and upgrading of coal enterprises and accelerating the opening of the sustainable development model of the coal industry.

Suggested Citation

  • Jia Liu & Jianzhao Li & Jianrui Wang & Md Moslah Uddin & Baoxin Zhang, 2022. "Research on the Application of Blockchain Technology in Coal Supply Chain Finance," Sustainability, MDPI, vol. 14(16), pages 1-18, August.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:16:p:10099-:d:888572
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    References listed on IDEAS

    as
    1. W. Raphael Lam & Yan Liu, 2020. "Tackling Small and Medium-Sized Enterprises (SMEs) Financing in China," Annals of Economics and Finance, Society for AEF, vol. 21(1), pages 209-239, May.
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    3. Xu, Xinhan & Chen, Xiangfeng & Jia, Fu & Brown, Steve & Gong, Yu & Xu, Yifan, 2018. "Supply chain finance: A systematic literature review and bibliometric analysis," International Journal of Production Economics, Elsevier, vol. 204(C), pages 160-173.
    4. Zhang, Tiantian & Zhang, Cherry Yi & Pei, Qifan, 2019. "Misconception of providing supply chain finance: Its stabilising role," International Journal of Production Economics, Elsevier, vol. 213(C), pages 175-184.
    5. Lei Yang & Yufan Chen & Jingna Ji, 2018. "Cooperation Modes of Operations and Financing in a Low-Carbon Supply Chain," Sustainability, MDPI, vol. 10(3), pages 1-25, March.
    6. Chakuu, Sumeer & Masi, Donato & Godsell, Janet, 2019. "Exploring the relationship between mechanisms, actors and instruments in supply chain finance: A systematic literature review," International Journal of Production Economics, Elsevier, vol. 216(C), pages 35-53.
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    Cited by:

    1. Shengying Zhao & Xiangyuan Lu, 2023. "Guarantee Mechanism in Accounts Receivable Financing with Demand Uncertainty," Sustainability, MDPI, vol. 15(3), pages 1-20, January.

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