Blockchain Token Model for Supply Chain Financing of SMMEs

Yanfang Ma, Xuezhen Liu and Xiaofei Deng
Additional contact information
Yanfang Ma: College of Information Technology, Jiaozuo University, Jiaozuo, Henan 454000, P. R. China
Xuezhen Liu: College of Information Technology, Jiaozuo University, Jiaozuo, Henan 454000, P. R. China
Xiaofei Deng: College of Information Technology, Jiaozuo University, Jiaozuo, Henan 454000, P. R. China

Journal of Information & Knowledge Management (JIKM), 2022, vol. 21, issue 02, 1-16

Abstract: Financing difficulties are common among the small-, medium- and micro-enterprises (SMMEs). Although supply chain financing alleviates the problems of SMMEs, such as narrow financing channels, intractable financing and expensive financing, however, due to the centralised storage and management of data, the authenticity of data cannot be guaranteed. The credit of the core enterprises in the supply chain cannot penetrate the SMMEs in upstream and downstream. This paper establishes a blockchain pass-through model for supply chain financing by improving the PBFT consensus algorithm based on blockchain’s decentralised and tamper-evident characteristics and the pass-through of SMMEs’ assets in the supply chain. The model improves the circulation efficiency of the supply chain; moreover, it enables the credit of core enterprises to the upstream and downstream, solving the financing dilemma of SMMEs.

Keywords: Supply chain financing; blockchain; consensus mechanism; token (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0219649222500150
Access to full text is restricted to subscribers

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:wsi:jikmxx:v:21:y:2022:i:02:n:s0219649222500150

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0219649222500150

Access Statistics for this article

Journal of Information & Knowledge Management (JIKM) is currently edited by Professor Suliman Hawamdeh

More articles in Journal of Information & Knowledge Management (JIKM) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().