A Review of Foreign Research on Blockchain Empowered Supply Chain Financing

Abstract

To promote theoretical and empirical research on blockchain empowered supply chain financing, this paper reviews the relevant foreign research on blockchain empowered supply chain financing. At present, foreign research on blockchain empowered supply chain financing focuses on the positive effects of blockchain on supply chain financing (including: costs and benefits, microefficiency, risk management,credit transmission, etc.), the factors influencing the adoption of blockchain in supply chain financing, and the impact of blockchain on the game behavior of supply chain financing (including: mechanisms of blockchain's influence on the decision of supply chain financing, mechanisms of blockchain's influence on the risk of supply chain financing) and other three aspects. In general, foreign research on the comprehensive effect of blockchain on supply chain financing and the credit transmission effect is relatively weak; in addition, foreign research on the intrinsic mechanism of blockchain-enabled supply chain financing and the blockchain upstream behavior of banks and SMEs in supply chain financing is relatively rare. In the context of financial technology, foreign research on several issues of blockchain-enabled supply chain financing needs to be further deepened.