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Research and Practical Analysis on the Improvement Methods of Supply Chain Finance for Small and Medium-Sized Enterprises Based on Blockchain Technology

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DOI: 10.23977/ferm.2024.070315 | Downloads: 70 | Views: 373

Author(s)

Hanyue Xu 1

Affiliation(s)

1 Mergers and Acquisitions, J.P. Morgan, San Francisco, CA, USA

Corresponding Author

Hanyue Xu

ABSTRACT

Against the backdrop of global economic integration and rapid technological development, small and medium-sized enterprises, as an indispensable component of the economic structure, have a direct impact on the overall stability and growth of the economy. Businesses categorized as small and medium-sized an important source of economic vitality, and due to their unique attributes, they often face challenges such as financing difficulties and high costs, especially in the current complex and ever-changing economic environment. With the continuous evolution of information technology, financial institutions are also constantly seeking changes to meet the financing needs pertaining to small and medium-sized enterprises. This study explores in depth the monetary pressures and challenges faced by small and medium-sized enterprises in the supply chain environment from the perspectives in blockchain and supply chain finance. On this basis, an improvement approach for supply chain financing utilizing blockchain technology was proposed, and practical analysis was conducted. To create a favorable financing atmosphere for Small to midsize businesses, promote more effective allocation of financial resources, and enhance their position in market competition.

KEYWORDS

Blockchain, Small and Medium-Sized Enterprises, Supply Chain Finance

CITE THIS PAPER

Hanyue Xu, Research and Practical Analysis on the Improvement Methods of Supply Chain Finance for Small and Medium-Sized Enterprises Based on Blockchain Technology. Financial Engineering and Risk Management (2024) Vol. 7: 118-123. DOI: http://dx.doi.org/10.23977/ferm.2024.070315.

REFERENCES

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