A Review of Research on Blockchain Empowered Supply Chain Financing in China

Abstract

To promote theoretical and empirical research on blockchain-enabled supply chain finance in China, this article provides an overview of relevant studies in China. Currently, research related to blockchain-enabled supply chain finance in China primarily focuses on three aspects: the underlying mechanisms of blockchain-enabled supply chain finance (including decentralization  and consensus mechanisms, distributed storage, tamper resistance, and anti-denial features, as well as smart contracts), the positive effects of blockchain-enabled supply chain finance (including comprehensive effects, credit transmission, risk management) and the application scenarios of blockchain-enabled supply chain finance, and the impact mechanisms of blockchain on supply chain finance gaming behaviors (including the influence of blockchain on supply chain finance decision-making, risk assessment, and the supply chain financial system). Overall, research in China on the positive effects of blockchain-enabled supply chain finance (such as cost and benefit analysis, micro-level efficiency) is relatively limited. Additionally, studies on the factors affecting the adoption of blockchain in supply chain finance and the behavior of banks and small and medium sized enterprises (SMEs) in blockchain adoption within supply chain finance are relatively scarce. Given the backdrop of financial technology, further research is needed to deepen our understanding of various aspects related to blockchain-enabled supply chain finance in China.