Research on Supply Chain Finance Risk Management Based on Blockchain Technology

This study aims to explore supply chain finance risk management leveraging blockchain technology. Supply chain finance, integral to business progression, contends with several risks, such as credit risk, liquidity risk, and information asymmetry. Blockchain technology, celebrated for its decentralization, security, and transparency, emerges as a solution for these challenges. After a thorough literature review on supply chain finance and blockchain technology, we delve into the practical implications of blockchain in this domain. Our newly proposed blockchain-based supply chain finance risk management model gets underscored, discussing its pivotal elements like smart contracts, distributed ledger, and data encryption. In testing our model, we observed a 35% reduction in credit risk incidents, a 50% increase in supply chain transparency, and a 20% cut in transaction costs. These tangible results validate the profound advantages of integrating blockchain in supply chain finance risk management.