区块链保理融资主体间信任机制研究

Research on Trust Mechanism among Factoring Financing Entities Based on Blockchain

传统供应链保理业务缺乏完善的信用体系且成本高、效率低,因此引入区块链技术并建立起科学有效的信任机制,促使供应链金融主体间互信互惠。通过供应链保理主体三方动态博弈的两阶段对比分析,证明了在区块链系统引入信任机制下的供应链多级保理能够优化融资决策——主体策略组合趋向(放贷,还款,还款);降低融资企业违约率,提升供应链金融业务稳定性,降本增效;使企业增信以及供应链金融良性发展具备内在驱动力;凭借核心企业信用穿透从而实现中小微企业信用自证,从根本上解决其融资难题。

The traditional supply chain factoring business lacks a perfect credit system with high cost and low efficiency.Therefore,the introduction of blockchain technology and the establishment of a scientific and effective trust mechanism can promote mutual trust and reciprocity among the financial entities of the supply chain.Through the two-stage comparative analysis of the three-party dynamic game of supply chain factoring agents,it is proved that the supply chain multi-level factoring with the introduction of trust mechanism in the blockchain system can optimize the financing decision:the main strategy combination trend(lending,repayment,repayment);reduce the default rate of financing enterprises,improve the stability of supply chain financial business,reduce cost and increase efficiency;make the enterprise credit increase and the benign development of supply chain finance have internal driving force;rely on the core enterprise credit penetration,so as to realize the self credit of small and medium-sized enterprises,fundamentally solve their financing problems.