Open AccessBlock Chain Based Supply Chain Financial Risk Management Research
Author(s) -
Fengge Yao,
Zenan Qin
Publication year - 2021
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1744/2/022027
Subject(s) - supply chain risk management , supply chain , risk management , supply chain management , business , database transaction , operational risk management , service management , risk analysis (engineering) , finance , financial risk , operational risk , computer science , marketing , database
The current supply chain finance risk management has problems such as asymmetric operation information and difficult risk control, for this reason, this paper proposes a research on supply chain finance risk management based on block chain technology. Combining the technical characteristics of block chain and the business model of supply chain finance, we analyze the causes of its operational risk, trade authenticity risk, payback risk and contingency risk, and use the physical sensors to react and track data in real time to improve the efficiency of supply chain risk control; replace the signing of legal documents in various disciplines with electronic signatures to solve the problem of trade authenticity risk; program the transaction contract and contract-related clauses to provide trust for both sides of the transaction and improve transaction efficiency. Implement a comprehensive risk management strategy, design early warning and emergency management processes, and realize supply chain financial risk management based on block chain technology.