Blockchain-Based Supply Chain Finance Design Pattern

ABSTRACT

With a series of policies issued by the state in recent years to encourage the development of supply chain finance (SCF) and to serve micro, small and medium-sized enterprises (MSMEs), domestic supply chain finance has developed rapidly. However, affected by the COVID-19 epidemic, many MSMEs experienced a cash flow crisis and were on the brink of bankruptcy. Therefore, we propose a series of blockchain-based supply chain finance design patterns, aiming to solve the trust problem through blockchain, so as to better solve the cash flow, financing difficulties and financing costs of MSMEs. © 2021 IEEE.