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How does Heshu blockchain technology solve the pain points of supply chain finance?

Time : 08/07/2022 Author : ftl7qi Click : + -
        The phenomenon that supply chain finance is half sea water and half fire fully illustrates the pain points of its asymmetric information, numerous data islands, insufficient trust and inefficient operation. Improving the deficiencies of traditional supply chain finance and improving the efficiency of supply chain capital operation has become an urgent problem to be solved. Through the decentralized and tamper proof characteristics of blockchain, every enterprise in the chain can enjoy the same information status. Its data is stored in a distributed manner and cannot be tampered with. In addition, it can deeply solve the credit problem and break the data island, so that financial institutions can cross verify the operating conditions of small and medium-sized enterprises by using the built credible data network, and also ensure the data privacy of small and medium-sized enterprises in the supply chain.
        As a new mode of Finance + industry + ecology, supply chain finance has built a win-win ecosystem. It has played an important role in helping core enterprises realize their long-term value in the industrial chain through financial services, reducing the transaction costs of each enterprise in the supply chain, and promoting the sustainable development of industrial ecology. Especially after the blockchain technology support, the information and data of enterprises in the supply chain have been accessed, Its credit circulation and operation efficiency have been greatly improved. The guidance of the policy has provided sufficient foundation for the development of blockchain supply chain finance. Based on the assistance of blockchain supply technology, those small and medium-sized enterprises that cannot "shine" on core enterprises and are in urgent need of financial support are gradually being "illuminated".
        The development of big data, cloud computing, blockchain and other technologies can support the large-scale development of supply chain financial business; At the same time, the continuous improvement of industrial digitalization has also provided a good innovation environment for supply chain financial business. In a sense, supply chain finance is to control variables through risk, improve capital liquidity and reduce operating costs of enterprises. However, with the development of the market and the expansion of transaction scale, traditional supply chain finance also has many "insufficient" development pain points in the actual operation process. In addition, big data makes user portraits more refined, and the collection of information is not affected by time and space, so it can be more comprehensive and fast.
        The difficulty of information concealment and fraud is increasing. The transparency of information can be more conducive to the transparency of the market and help funds operate more efficiently. In this way, it is easy for traditional supply chain finance to break through the trust barrier. Data is an important means of production in the digital era. In the supply chain financial system, the real and effective data is the credit assets of enterprises, which directly determines the amount and degree of credit granted to enterprises. The actual situation is that the information of enterprises in the supply chain cannot be fully shared and is in a state of separation. In addition, the data of core enterprises are unilateralized, privatized and closed, and their data and information cannot be connected with other enterprises in the supply chain, so it is difficult to defer to other enterprises.
        Therefore, the "Matthew effect" &mdash& mdash; The core enterprises with strong credit assets are stronger, while those in need of funds and other enterprises in the supply chain are weaker. Moreover, because supply chain finance is that enterprises in the chain borrow the credit of upstream and downstream enterprises from each other and use the method of extending the accounting period to alleviate their respective financial pressure, once a certain link has problems, or an enterprise in the supply chain cannot perform, then other enterprises that rely on its credit also have problems. The credit established on this basis should be lost like dominoes, affecting the transaction operation of the whole supply chain finance, There is performance risk.
        Blockchain technology builds cloud credit, completely eliminating the "data island" problem that traditional supply chain finance can't get around. Blockchain technology has the characteristics of traceability and non tampering, which ensures the integrity and credibility of information, solves the trust and security problems in the transaction process, and enables all data to be stored based on blockchain technology. A fully transparent ledger can effectively reduce communication costs. For example, it is difficult to build an untrue trade background under a fully transparent ledger. All nodes of the whole trade are highly digitized, and the corresponding data can be easily found and confirmed. It is almost impossible to tamper, making it easier for all parties to collaborate and reach cooperation.
        under these circumstances, "Trust is no longer a commitment given by centralized institutions, but a trust based on fully transparent data, forming a penetrable credit asset. Blockchain technology eliminates the risk of a single node failure, and does not need to centralize the data in one place and be maintained by centralized institutions. Enterprises in the supply chain maintain a distributed shared ledger, which greatly improves the security and transparency of their data. In the field of supply chain finance In, data is the basis of credit, and the data and information of various entities in the supply chain realize the online sharing and real-time update of credit information through the connection of blockchain technology, which means that the real-time disclosure and transparent mapping of credit information become the basis for effective risk control and decision-making in the financial industry, and provide effective financing credit vouchers for small and medium-sized enterprises in the upstream and downstream of the supply chain.
        Based on a large number of practical applications and industrial empowerment, the innovation of blockchain supply chain finance not only enables credit to be transferred between core enterprises and primary suppliers, but also reaches the end of the supply chain (small and medium-sized enterprises), forming cross level transmission and effective linkage between supply chains. In this regard, Hexiu group has made innovative practice and professional precipitation in the field of supply chain finance, integrated, linked and supported the transaction data related to the entire industrial chain, and completely solved the problem of information island in the financial business of the supply chain; At the same time, prevent the performance risk through smart contracts; Relying on the trust transfer from core enterprises to multi-level suppliers on the blockchain, it effectively solves the problems of "difficult and expensive financing for small and micro enterprises", and also plays a benchmarking role for the industry.
        The integration of blockchain technology empowerment + supply chain finance and dual chains will help to continuously release the potential of the supply chain finance industry ecosystem in the long run. With the continuous deepening and development of blockchain technology, blockchain has the ability to achieve distributed collaboration between the main bodies of the supply chain financial ecosystem and develop towards an open-source community ecosystem while protecting the privacy of enterprise data. In the blockchain supply chain financial ecosystem, the transaction data on the chain are dynamic, auditable and traceable, which enhances the liquidity of assets in the supply chain market and optimizes the financial instruments in traditional supply chain finance. Return to Sohu to see more.
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