Construction and Evolutionary Analysis of a Game Model for Supply Chain Finance Funding Based on Blockchain Technology

TL;DR

This paper develops a blockchain-based supply chain finance model using evolutionary game theory to analyze strategic interactions and stability, aiming to address information asymmetry and improve long-term development.

Contribution

It introduces a novel game model incorporating blockchain technology to analyze supply chain finance dynamics and strategic behaviors of stakeholders.

Findings

Blockchain technology influences equilibrium strategies.

The model identifies conditions for stable cooperation.

Analysis reveals how blockchain improves transaction prerequisites.

Abstract

The current surge in supply chain finance has significantly alleviated the "capital challenges" faced by domestic related enterprises, enabling enterprises upstream and subsequent stages of the industrial chain to achieve effective circulation of financing services in the supply chain based on the credit of core enterprises. By gathering essential information from the heart of the supply chain, supply chain financing enables efficient resource distribution and aids all stakeholders in making well-informed choices. However, supply chain finance in China still faces numerous obstacles, such as information asymmetry and inefficient credit transmission chains, hindering its long-term development. This paper designs an operational framework for supply chain finance incorporating blockchain technology, clearly defines the participating entities, and analyzes their business relationships. Based upon evolutionary game theory, a supply chain finance financing game model incorporating blockchain technology is constructed. A comparative analysis of the model's equilibrium points and their stability is conducted. The choices of evolutionary equilibrium strategies adopted by small and medium-sized enterprises, key players, and financing entities within this framework are explored, and the influence of blockchain technology on the prerequisites for completing supply chain finance transactions is investigated.