Proceedings of the 3rd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2024)

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Feasibility Analysis of Blockchain Technology in Addressing Supply Chain Finance Bottlenecks

Authors
Menghao Su1, Jincheng Yu2, Pu Du3, Wenbing Zan4, *, Haoying Li5, *, Lu Han6, Yuran Bai7
1Zhongyuan University of Technology, Henan, China
2Skema Business School, Hauts-de-Seine, France
3Tianjin Vocational College of Sports, Tianjin, China
4Monash University, Melbourne, Australia
5The University of Melbourne, Melbourne, Australia
6Tsinghua University, Beijing, China
7University of Queensland, Brisbane, Australia
*Corresponding author. Email: asderty67rtyasd@gmail.com
*Corresponding author. Email: lingwadesu@gmail.com
Corresponding Authors
Wenbing Zan, Haoying Li
Available Online 7 May 2024.
DOI
10.2991/978-94-6463-419-8_5How to use a DOI?
Keywords
Blockchain; Supply Chain Finance; Feasibility Analysis; Small and Medium-sized Enterprises (SMEs); Decentralization
Abstract

Blockchain technology, initially introduced as the underlying technology for Bitcoin, has garnered significant attention for its decentralized advantages. This paper provides a comprehensive analysis of the feasibility of applying blockchain technology to address bottlenecks in supply chain finance. Starting with a brief introduction to blockchain technology, the paper explores its key characteristics, architecture, and consensus algorithms. Subsequently, it delves into the outlook for supply chain finance in China, highlighting the challenges faced by small and medium-sized enterprises (SMEs). The feasibility analysis examines the macro-environmental and technical aspects, demonstrating how blockchain’s features, including immutability, decentralization, smart contracts, and transparency, can offer solutions to trust-related issues and reduce operational costs in supply chain finance. This analysis reveals the promising potential of blockchain technology in transforming the supply chain finance landscape.

Copyright
© 2024 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
Proceedings of the 3rd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2024)
Series
Atlantis Highlights in Computer Sciences
Publication Date
7 May 2024
ISBN
10.2991/978-94-6463-419-8_5
ISSN
2589-4900
DOI
10.2991/978-94-6463-419-8_5How to use a DOI?
Copyright
© 2024 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  - Menghao Su
AU  - Jincheng Yu
AU  - Pu Du
AU  - Wenbing Zan
AU  - Haoying Li
AU  - Lu Han
AU  - Yuran Bai
PY  - 2024
DA  - 2024/05/07
TI  - Feasibility Analysis of Blockchain Technology in Addressing Supply Chain Finance Bottlenecks
BT  - Proceedings of the 3rd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2024)
PB  - Atlantis Press
SP  - 25
EP  - 33
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-419-8_5
DO  - 10.2991/978-94-6463-419-8_5
ID  - Su2024
ER  -