Blockchain's Impact on Supply Chain Finance: A Closer Look

Supply Chain Finance plays a key role in boosting competition within the supply chain and helps to move money around efficiently. It often involves services like financing accounts receivable, managing risks, and optimizing supply chain operations. Over the past decade, Blockchain technology has gained significant attention, especially in the finance sector. With features like tamper-proof data, forgery prevention, cryptography, and decentralization, Blockchain aligns perfectly with the needs of Supply Chain Finance. These needs include data integrity, authenticity, privacy, and easy information sharing.

Blockchain not only addresses issues like information asymmetry, credit disassembly, and high financing costs in Supply Chain Finance but also enhances operations through smart contracts. This moves Supply Chain Finance towards a more intelligent system. Moreover, Blockchain can be combined with other technologies like artificial intelligence, cloud computing, and data mining to create even more innovative solutions. Research in Blockchain-based Supply Chain Finance has mostly focused on proposing conceptual frameworks or using Blockchain in a basic way without fully exploiting its capabilities. There's also a lack of systematic reviews that provide a detailed overview of current work in this field. This paper aims to. . .

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