Supply chain finance "golden" era, who can wipe out the spark with it?

[Cumberland.Rupert]

At present, the supply chain financial market is huge, data show that by 2020, China's supply chain financial market will be close to 15 trillion yuan, but at the same time supply chain finance also faces many problems, supply chain finance is in the context of the financing structure of the era, we can often see the transition of credit of large enterprises, And small businesses lack financing phenomenon.

So how does ALSC solve the problem of supplier financing farther away from the core enterprise, and how to solve these problems with new blockchain technology?

The main problems of traditional supply chain finance can be summed up with the following points: First, in the whole supply chain financial system, away from the core enterprises of N-class suppliers and N-level dealers financing difficulties; There is no mechanism for information transmission and sharing in each link.

For the above analysis, ALSC's technical experts give solutions,

1 Distributed ledger technology to make information symmetrical

For enterprises and financial institutions scattered in the various supply chain links, the use of distributed ledger technology, so that multiple parties to join the chain, share transaction data, receivables and payable data, while doing privacy protection, so that data can only be seen in the enterprise with the right to see.

2 Core enterprises confirm accounts payable and pass on core enterprise credit

Through distributed ledger technology, accounts payable will be recorded on the blockchain, the core enterprise's payment commitment will be in the chain of multi-level suppliers to form a flow, the transmission of core enterprise credit to the need for financing of small and medium-sized enterprises, and then through smart contract technology, after the core enterprise payment, the funds in multiple suppliers to quickly complete the automated fund clearing between multiple suppliers To ensure that the agreed payment time of the counterparty completes the liquidation of funds on time, to ensure the source of repayment, so that financing is readily available.

3 Split, transferable, financingable, holdable payment commitments due

Because of the existence of distributed ledger, the upstream and downstream accounts payable in the supply chain can share the credit of the core enterprise, so that the payment commitment based on the accounts payable by the core enterprise can be transferred to multi-level suppliers, to solve the problem of triangular debt between enterprises, while any supplier financing in the chain can enjoy the high-quality credit of the core enterprise, Reduce the financing costs of the entire chain.

4 Smart contracts to keep risk under control

The whole chain of enterprise debt flow process recorded in the chain, the formation of contracts, and blockchain has non-tamperable characteristics, the core enterprise credit through a number of suppliers after the circulation does not decay, the core enterprise payment, the funds will be in accordance with the rules of smart contract automatic liquidation, the fund provider has a good repayment guarantee.

ALSC through blockchain-driven supply chain financial innovation, is committed to building a multi-level supplier financing system, promote global chain information sharing, to achieve supply chain financial visualization, can rely on the credit of core enterprises, reduce the financing costs of small and medium-sized enterprises, the efficiency of financial flow, indirectly reduce the overall production costs, Make your company's products more competitive.

At the same time, with the development of information technology, Internet of Things technology in the future, the industry finally to the state of the Internet, ALSC's vision is to make finance more efficient, faster, more secure service real economy, through the supply chain financial services industry, through the blockchain value link, find scenes, serve the scene, and finally let the technology enabling industry, To serve the industry, guide more funds back to entities, serve entities, and promote the transformation of the manufacturing supply chain to the industrial service supply chain, thus transforming the manufacturing industry value chain.