Revolutionizing supply chain finance with blockchain: a comprehensive analysis of smart contracts and beyond

Yuchen Liu

doi:10.1117/12.3045051

16 January 2025 Revolutionizing supply chain finance with blockchain: a comprehensive analysis of smart contracts and beyond

Yuchen Liu

Author Affiliations +

Proceedings Volume 13447, International Conference on Mechatronics and Intelligent Control (ICMIC 2024); 1344731 (2025) https://doi.org/10.1117/12.3045051
Event: International Conference on Mechatronics and Intelligent Control (ICMIC 2024), 2024, Wuhan, China

Abstract

The distinctive attributes of blockchain technology, including decentralization, traceability, tamper resistance, transparency, security, and privacy, have paved the way for remarkable achievements across various domains, encompassing financial transactions, healthcare systems, agricultural intelligence, and energy upgrades. Notably, within the domain of blockchain-based supply chain finance, it has emerged as a potent solution to longstanding challenges, ranging from inaccurate risk assessment to information asymmetry and the mismatch between supply and demand service offerings. It has furnished the conventional supply chain ecosystem with a reliable and robust mechanism. This study addresses the multifaceted role and impactful applications of blockchain technology, elucidates the technical underpinnings of its implementation, and sheds light on the prevailing challenges that demand resolution within the sphere of supply chain finance. Furthermore, this paper also presents insights and prospects from an enterprise perspective, offering valuable guidance to future scholars venturing into this domain.

(2025) Published by SPIE. Downloading of the abstract is permitted for personal use only.

Citation Download Citation

Yuchen Liu "Revolutionizing supply chain finance with blockchain: a comprehensive analysis of smart contracts and beyond", Proc. SPIE 13447, International Conference on Mechatronics and Intelligent Control (ICMIC 2024), 1344731 (16 January 2025); https://doi.org/10.1117/12.3045051

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