A Survey on Blockchain-based Supply Chain Finance with Progress and Future directions

TL;DR

This survey reviews the integration of Blockchain technology into Supply Chain Finance, highlighting its benefits, current research, and future directions, emphasizing the need for systematic analysis of applications and innovations.

Contribution

The paper provides a comprehensive survey of Blockchain applications in Supply Chain Finance, identifying gaps and proposing future research directions.

Findings

Blockchain enhances data integrity and transparency in Supply Chain Finance.

Smart contracts automate and improve financial operations.

Integration with AI and cloud computing offers new opportunities.

Abstract

Supply Chain Finance is very important for supply chain competition, which is an important tool to activate the capital flow in the supply chain. Supply Chain Finance-related research can support multiple applications and services, such as providing accounts receivable financing, enhancing risk management, and optimizing supply chain management. For more than a decade, the development of Blockchain has attracted widely attention in various fields, especially in finance. With the characteristics of data tamper-proof, forgery-proof, cryptography, consensus verification, and decentralization, Blockchain fits well with the realistic needs of Supply Chain Finance, which requires data integrity, authenticity, privacy, and information sharing. Therefore, it is time to summarize the applications of Blockchain technology in the field of Supply Chain Finance. What Blockchain technology brings to Supply Chain Finance is not only to alleviate the problems of information asymmetry, credit disassembly, and financing cost, but also to improve Supply Chain Finance operations through smart contracts to intelligent Supply Chain Finance and in combination with other technologies, such as artificial intelligence, cloud computing, and data mining, jointly. So there has been some work in Blockchain-based Supply Chain Finance research for different Supply Chain Finance oriented applications, but most of these work are at the management level to propose conceptual frameworks or simply use Blockchain without exploiting its deep applications. Moreover, there are few systematic reviews providing a comprehensive summary of current work in the area of Blockchain-based Supply Chain Finance. In this paper, we ...