2023 4th International Conference on E-Commerce and Internet Technology (ECIT 2023)

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Research on Smart Contracts of Accounts Receivable Financing in Supply Chain Finance Based on Blockchain Technology

Authors
Shujian Ma1, 2, 3, Qi Qian2, 3, *, Gang Wang1, 3, Minyi Xu1, 3
1School of Physical and Mathematical Sciences, Nanjing Tech University, Nanjing, 211800, China
2School of Management and Economic, Nanjing Tech University, Nanjing, 211800, China
3Institute of Blockchain and Complex Systems, Nanjing Tech University, Nanjing, 211800, China
*Corresponding author. Email: 202061213296@njtech.edu.cn
Corresponding Author
Qi Qian
Available Online 25 July 2023.
DOI
10.2991/978-94-6463-210-1_40How to use a DOI?
Keywords
blockchain; smart contract; supply chain finance; financing risks; circular economy
Abstract

The blockchain technology in digital currency has received extensive attention again with the continuous promotion of digital currency. The decentralization of blockchain has had a severe impact on the traditional supply chain financial model. Although the credit of core enterprises is introduced as guarantee when banks build a financing platform, there are still credit risks and operational risks. The basic reason is that smart contracts based on blockchain are not complete. How to improve financing efficiency and scales while stabilizing or reducing financing risk has always been the concern of financing providers. This paper has referenced the shortcomings of smart contracts and analyzed the financing platforms based on blockchain where smart contracts built by banks. The framework model of smart contracts in SCF has been reconstructed in this paper to ensure the supply chain finance more consistent with the financial scenes and more tally with the business logic. The correctness of smart contracts in supply chain financial accounts receivable has been verified by analyzing practical application cases and establishing BBV complex network model. This research aims to solve financing trust problems by optimizing and reshaping the preset logic, execution, node verification and node judgment of smart contracts, so that the financing economy can be recycled.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
2023 4th International Conference on E-Commerce and Internet Technology (ECIT 2023)
Series
Atlantis Highlights in Engineering
Publication Date
25 July 2023
ISBN
10.2991/978-94-6463-210-1_40
ISSN
2589-4943
DOI
10.2991/978-94-6463-210-1_40How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Shujian Ma
AU  - Qi Qian
AU  - Gang Wang
AU  - Minyi Xu
PY  - 2023
DA  - 2023/07/25
TI  - Research on Smart Contracts of Accounts Receivable Financing in Supply Chain Finance Based on Blockchain Technology
BT  - 2023 4th International Conference on E-Commerce and Internet Technology (ECIT 2023)
PB  - Atlantis Press
SP  - 306
EP  - 325
SN  - 2589-4943
UR  - https://doi.org/10.2991/978-94-6463-210-1_40
DO  - 10.2991/978-94-6463-210-1_40
ID  - Ma2023
ER  -