IDEAS home Printed from https://ideas.repec.org/a/wsi/serxxx/v70y2025i04ns0217590821480015.html
   My bibliography  Save this article

Applying Blockchain Technology To Reshape The Service Models Of Supply Chain Finance For Smes In China

Author

Listed:
  • JINGJING CHEN

    (Zhijiang College of Zhejiang University of Technology, P. R. China†School of Economics, Fudan University, Shanghai 200433, P. R. China)

  • SHIYI CHEN

    (�School of Economics and Fanhai International School of Finance, Fudan University, Shanghai 200433, P. R. China)

  • QINGFU LIU

    (��School of Economics, Fudan University, Shanghai 200433, P. R. China)

  • MI SHEN

    (��Chinese Academy of Finance and Development, Central University of Finance and Economics, P. R. China)

Abstract

Supply chain finance refers to the financial service model in which banks rely on core enterprises to manage the capital flow and logistics of upstream and downstream small- and medium-sized enterprises (SMEs). It adopts the self-testing and closed-loop credit model to control funds and risks. It is an efficient route for SMEs to solve the problem of financing. However, at present, the market of supply chain finance in China still faces problems such as the inability of credit disassembly of core enterprises, which seriously hinder the development of the supply chain finance industry. Blockchain technology featuring decentralization, tamper-proofing and traceability had been widely adopted in the field of finance and provided a new vision to solve the bottleneck for the development of supply chain finance. In this paper, with regard to the characteristics of supply chain finance, we propose a novel blockchain-driven architecture to reshape the business process of supply chain finance, and we introduce the underlying technical implementations in detail. Our contributions in this paper include (1) proposing a novel technical architecture of blockchain-driven supply chain finance management system and detailing its underlying implementations; (2) designing the mechanism of the credit disassembly, which is implemented by blockchain technology, to improve financing efficiency; and (3) exploring the impact and potential of blockchain technology in traditional business models (e.g., receivables financing, inventory financing and prepayment financing) in supply chain finance.

Suggested Citation

  • Jingjing Chen & Shiyi Chen & Qingfu Liu & Mi Shen, 2025. "Applying Blockchain Technology To Reshape The Service Models Of Supply Chain Finance For Smes In China," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 70(04), pages 1051-1068, June.
    • Handle: RePEc:wsi:serxxx:v:70:y:2025:i:04:n:s0217590821480015
    DOI: 10.1142/S0217590821480015
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0217590821480015
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0217590821480015?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:serxxx:v:70:y:2025:i:04:n:s0217590821480015. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ser/ser.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.