Recently, the China Insurance Regulatory Commission issued a silver under "the General Office of China Banking Regulatory Commission guidance on the promotion of financial services supply chain real economy" (hereinafter referred to as "" opinions ""), the "Opinions" to encourage banks to insurance institutions of things, the district new technologies such as embedded transaction block chain links, to enhance the intelligence level of risk control.
Block chain technology to the center, can not be tampered with, a variety of properties such as high transparency, it has a natural advantage in the supply chain, finance, trading links can really solve the problem of trust, improve financial efficiency and effectiveness of the supply chain upstream and downstream enterprises.
Supply chain finance model has long been, to manage the cash flow downstream and logistics SMEs around the core business, will not controllable risk of individual companies into the supply chain of companies controlled risk.
In fact, supply chain finance is still not completely solve the financing difficulties of small and medium micro enterprises, financing your problem, in recent years an increasingly competitive market, cash flow and financing small and medium micro enterprises become more prominent, lack of collateral, credit record and transaction documents and other realities lead to small and medium micro enterprises difficult to obtain loans from banks.
In response to these pain points, the letter should be introduced Blockworm BaaS platform, independent research and development blocks double-stranded chain + supply chain technology, is able to produce double-stranded model number on outbound orders, shipping orders, receipt of orders and other sales-related production data link, You can also transfer data asset production and asset information flow on the whole chain of supply chain processes, supply processes in the trust certificates can be used as small and medium micro enterprise financing. Combined with double-stranded truly have credit data, valuable credit, financial and technological help to better serve the real economy.
Case Background
Supply chain upstream and downstream enterprises, small and medium enterprises not only have certain requirements for the information flow, and the flow of assets have different levels of needs. Because of the traditional supply chain financial information opaque, can not grasp the downstream production number, a library information orders, shipping orders, receipt of orders, ju ticket information, factoring services, the core business of credit is difficult to transfer to the entire chain , further exacerbating the financing "difficult, expensive, slow" and other issues.
Technical solutions
Supply chain finance is the foundation of supply chain, should open letter by block chain supply chain related technical collaborators, the first collaboration can improve the efficiency of the entire supply chain, followed by multi-party participation can also increase the authenticity of the letter of the transaction.
CreditEase Blockworm BaaS duplex technology platform by creating a block chain environment based on the supply chain to help customers get through the barriers of data between systems. In order to achieve the transaction loop is also provided a chain melting wing applet, based on the order the buyer can sign the upper wing of the chain into the chain, and upload the appropriate credentials, the process data are saved to the generated block chain . Moreover, the financial wing chain also records the location information of the buyer, login information, risk warnings for the upper applications for big data to provide a credible basis for data analysis.
When financing needs among small and micro enterprises, to provide the appropriate order number to the assets of the chain, so that information flow combined with double-stranded assets and turned it into the stream. Financial terms will be based on the order number and other information, traceability in the supply chain (block chain) the entire transaction process, cross verify the authenticity of the transaction, as well as collaborative information-related businesses, etc., which not only played a role in increasing the letter, but also reduces financing costs and improve financing efficiency.
success case
A large electricity providers matching platform, Under the single buyer, the seller will go to factories upstream procurement of goods and notify the logistics company to arrange transportation, and ultimately buyers receipt of goods. Throughout the collaborative process, will generate orders and warehouse, transportation orders, receipt and other documents, these paper documents are acting as an intermediary credit transfer and data transfer, a part of any case can not be trusted, will the entire supply chain at risk.
CreditEase Blockworm BaaS block by means double-stranded internet technology, to break down barriers each participant data system, so that each party participating in the cooperative data block chain. Since the block chain provides a trusted environment, the whole process can save the corresponding document collaboration, thereby greatly improving the efficiency of supply chain collaboration. In addition, cross-validation of information assets generated by the flow of information and assets, combined with identity information and transaction content participants, according to the joint risk control and credit as financial institutions, to promote the fast-running funds.
(Supply Chain asset + strand of a duplex structure model)
Achieve results
Block double-stranded technology to improve the efficiency of the entire supply chain collaboration, open up the flow of information flow and assets, not only improves the security and confidentiality of data, reduces the risk and cost of financing, improve financing efficiency, while promoting the fast working capital, but also provides a new attempt to boost the real economy, financial science and technology development.
Author: CreditEase block chain Laboratory Zhang Yijie
Source: CreditEase Institute of Technology