Supply Chain Financial System Based on Blockchain Technology

Yuxuan Zuo, Zhenping Qiang, Fei Dai, Xiaofeng Shao, Shiqi Su, Zhihong Liang

Abstract: To overcome the pain points of the traditional supply chain, the application of the combination of blockchain and supply chain finance was analyzed, and the feasibility of applying blockchain technology to the supply chain was expounded. Therefore, a supply chain financial system based on blockchain technology was designed and implemented, commodity transactions and cash flows between supply chain partnerships were realized. Then a variety of smart contracts were designed, and their specific functions were explained. The system uses Ethereum as the development platform and includes multi-level suppliers, banks, and other supply chain members. The interface for the trading of the products and financing is provided to the suppliers, finally, the performance of the system is tested. The results show that the proposed system has many advantages.