Research on the Application of Blockchain Technology in Coal Supply Chain Finance

Jia Liu, Jianzhao Li (), Jianrui Wang, Md Moslah Uddin and Baoxin Zhang
Additional contact information
Jia Liu: State Key Laboratory of Media Convergence and Communication, Communication University of China, Beijing 100024, China
Jianzhao Li: College of Economics and Management, Yanshan University, Qinhuangdao 066000, China
Jianrui Wang: College of Economics and Management, Yanshan University, Qinhuangdao 066000, China
Md Moslah Uddin: Shanghai Wicresoft Ltd., Chittagong 4000, Bangladesh
Baoxin Zhang: Endicott College, Woosong University, Daejeon 34598, Korea

Sustainability, 2022, vol. 14, issue 16, 1-18

Abstract: The implementation of measures to limit electricity consumption in many provinces of China has caused coal prices to rise irrationally, further aggravating the financing problems of small and medium-sized enterprises in the supply chain. Small and medium-sized enterprises lacking funds cannot effectively participate in the green transformation and development of the coal industry, which slows down the sustainable development process of the coal industry. Under the current background of low-carbon advocacy, blockchain technology can reasonably allocate resources and efficiently process information, thereby providing a solution for this financing problem. This paper first proposes a coal accounts receivable financing model based on blockchain technology, then builds a coal accounts receivable financing system dominated by ports through blockchain technology. Finally, the Stackelberg yield–benefit model is used to analyze the income function of each participant in the process of accounts receivable financing. The results show that the use of blockchain technology can reduce the financing condition of financial institutions and improve the maximum income of cooperative enterprises in the chain while solving the financing problems of small and medium-sized enterprises in the coal supply chain. This study provides practical significance and theoretical value for promoting the transformation and upgrading of coal enterprises and accelerating the opening of the sustainable development model of the coal industry.

Keywords: blockchain technology; accounts receivable financing; Stackelberg model; coal; sustainable development (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.mdpi.com/2071-1050/14/16/10099/pdf (application/pdf)
https://www.mdpi.com/2071-1050/14/16/10099/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:16:p:10099-:d:888572

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().