Application of Blockchain Technology in Supply Chain Finance and Research on Economic Impact Assessment Model

This project will be based on blockchain, with supply chain financing as the research object, and with the goal of improving financing efficiency, reducing transaction costs and optimizing risk management, to establish a supply chain financing effect evaluation model. Through experiments and simulations, an empirical study was conducted on typical supply chain financing scenarios in China. Empirical studies have shown that the financing cost has dropped by 18.7% after the application of blockchain technology; in terms of transaction efficiency, the transaction completion time and system processing delay have been 22.3% and 30.1% respectively; from the perspective of risk management, the credit risk has dropped by 15.4%. Experiments have shown that this method can effectively improve the efficiency, transparency and security of supply chain finance. The research results of this project will lay a theoretical foundation for the application of blockchain technology in supply chain finance, and provide a feasible economic evaluation model for its promotion in practical applications.