Application of Blockchain Technology to Preventing Supply Chain Finance Based on Evolutionary Game
Because of the risks existing in supply chain finance,taking accounts receivable factoring business as the research object,the factors affecting the decision-making of the participants in supply chain finance are analyzed,an evolutionary game model between small and medium-sized enterprises and financial institutions is constructed,and the mechanism of blockchain to solve the financial risks of the supply chain is analyzed by comparing the changes of evolutionary stability strategies before and after the introduction of blockchain technol-ogy.And taking the actual case as the background for example analysis,the main conclusions are verified.It is found that firstly,credit risk plays a decisive role in whether financial institutions accept financing business deci-sions.Blockchain technology can reduce the operational risk of financial institutions and improve the business income of financial institutions;Secondly,the strict regulatory environment formed by blockchain technology makes the default behavior of small and medium-sized enterprises and core enterprises in a high-risk state at all times.No matter the profit distribution proportion that small and medium-sized enterprises can obtain through collusion,they will not choose to default,which effectively solves the paradox that small and medium-sized enterprises cannot obtain loans from financial institutions despite the increased probability of compliance.Then,the evolutionary game between financial institutions and small and medium-sized enterprises is balanced in that financial institutions accept business applications,small and medium-sized enterprises abide by the contract,and the convergence effect is better.Therefore,blockchain technology not only reduces the financing risk of financial institutions,but also helps to solve the financing problems of small and medium-sized enterprises.
blockchainsupply chain financeaccount receivable factoringevolutionary game
NETL
NSTL
万方数据
