scholarly journals The Sustainable Development of Financial Topic Detection and Trend Prediction by Data Mining

2021 ◽  
Vol 13 (14) ◽  
pp. 7585
Author(s):  
Yunmei Liu ◽  
Shuai Zhang ◽  
Min Chen ◽  
Yenchun Wu ◽  
Zhengxian Chen
Keyword(s):  
Data Mining ◽  
Supply Chain ◽  
Financial Institutions ◽  
Clustering Algorithm ◽  
Development Trend ◽  
Research Field ◽  
Trend Prediction ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
The Government

Blockchain technology is the most cutting-edge technology in the field of financial technology, which has attracted extensive attention from governments, financial institutions and investors of various countries. Blockchain and finance, as an interdisciplinary, cross-technology and cross-field topic, has certain limitations in both theory and application. Based on the bibliometrics data of Web of Science, this paper conducts data mining on 759 papers related to blockchain technology in the financial field by means of co-word analysis, bi-clustering algorithm and strategic coordinate analysis, so as to explore hot topics in this field and predict the future development trend. The experimental results found ten research topics in the field of blockchain combined with finance, including blockchain crowdfunding, Fintech, encryption currency, consensus mechanism, the Internet of Things, digital financial, medical insurance, supply chain finance, intelligent contract and financial innovation. Among them, blockchain crowdfunding, Fintech, encryption currency and supply chain finance are the key research directions in this research field. Finally, this paper also analyzes the opportunities and risks of blockchain development in the financial field and puts forward targeted suggestions for the government and financial institutions.

scholarly journals Evolutionary Game Analysis of Blockchain Technology Preventing Supply Chain Financial Risks

2021 ◽  
Vol 16 (7) ◽  
pp. 2824-2842
Author(s):  
Rui Sun ◽  
Dayi He ◽  
Huilin Su
Keyword(s):  
Supply Chain ◽  
Credit Risk ◽  
Financial Institutions ◽  
Evolutionary Game ◽  
Decisive Role ◽  
Financial Risks ◽  
Factors Affecting ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
Before And After

Because of the risks existing in supply chain finance, taking accounts receivable factoring business as the research object, this paper uses the evolutionary game method to analyzes the factors affecting the decision-making of the participants in supply chain finance, constructs an evolutionary game model between small and medium-sized enterprises and financial institutions, and analyzes the mechanism of blockchain to solve the financial risks of the supply chain by comparing the changes of evolutionary stability strategies before and after the introduction of blockchain technology. This paper aims to reduce financing risks by analyzing the mechanism of blockchain technology in supply chain finance. It is found that, firstly, blockchain technology can reduce the credit risk of financial institutions and solve financing problem. Credit risk plays a decisive role in whether financial institutions accept financing business decisions. Blockchain technology can reduce the operational risk of financial institutions and improve the business income of financial institutions. Secondly, the strict regulatory environment formed by blockchain technology makes the default behavior of small and medium-sized enterprises and core enterprises in a high-risk state at all times. No matter the profit distribution proportion that small and medium-sized enterprises can obtain through collusion, they will not choose to default, which effectively solves the paradox that small and medium-sized enterprises cannot obtain loans from financial institutions despite the increased probability of compliance. Then, the evolutionary game between financial institutions and small and medium-sized enterprises is balanced in that financial institutions accept business applications, small and medium-sized enterprises abide by the contract, and the convergence effect is better. Therefore, blockchain technology not only reduces the financing risk of financial institutions but also helps to solve the financing problems of small and medium-sized enterprises.

scholarly journals “Blockchain Plus Supply Chain Finance” Boosts Pharmaceutical Industry: A Case Study of Jixiangtian Blockchain Medical and Health Service Platform

2021 ◽  
Vol 292 ◽  
pp. 02006
Author(s):  
Kong Yan ◽  
Wang Yanna
Keyword(s):  
Supply Chain ◽  
Pharmaceutical Industry ◽  
Financial Institutions ◽  
Service Platform ◽  
Pharmaceutical Supply Chain ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
Traditional Sense ◽  
Third Part Logistics

China’s pharmaceutical industry has enormous potential. With the launch of relevant state policies and the innovations being made on the financial front, the country’s medical industry has a closer tie with its financial institutions in the supply chain. On the other hand, the booming of supply chain finance provides excellent platforms for financial institutions, pharmaceutical companies and third-part logistics to interact with each other. Nevertheless, supply chain finance in a traditional sense is still facing many challenges. Taking Jixiangtian, a blockchain and medical service platform as an example, this paper illustrated the problems faced by the traditional pharmaceutical supply chain, and analyzed pharmaceutical supply chain platforms using blockchain technology to propose solutions to tackle the financial challenges faced by traditional supply chains.

From Supply Chain Management to Blockchain-Based Management

2019 ◽  
pp. 59-63
Author(s):  
G. V. Zubakov ◽  
O D. Protsenko ◽  
I. O. Protsenko
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Digital Economy ◽  
Practical Implementation ◽  
Chain Management ◽  
Mutual Trade ◽  
Blockchain Technology ◽  
Distributed Ledger ◽  
Supply Chain Management System ◽  
The Government

The presented study addresses the current problems in the implementation of the distributed ledger (blockchain) technology in supply chain management mechanisms in the context of the digital economy. Aim. The study aims to analyze the application of the blockchain technology in modern economic processes from the perspective of logistics.Tasks. The authors consider the possibility of using the blockchain technology in the supply chain management system and explore ways to use the findings of the Eurasian Economic Commission (EEC) in the fieldof digital economy to organize information standardization processes within the supply chains of foreign and mutual trade.Methods. This study uses general scientific methods of cognition to examine approaches to the implementation of the blockchain technology in transport and logistics processes and to find opportunities for the implementation of smart contracts to ensure the traceability of the entire chain of commodity and information fl ws.Results. Implementation of the distributed ledger (blockchain) technology in the logistics processes of foreign and mutual trade increases the transparency of information fl ws and the speed of decisionmaking. This technology would allow the parties to negotiate directly, minimizing potential risks and the time required to approve a supply deal.Conclusions. The authors consider the possibility of using a systematic approach to the digitalization of transport and logistics processes and the subsequent standardization of information interaction at the B2B, B2G, and G2G levels, segmented by separate fields of transport and foreign trade and individual economic sectors. As a conclusion, the study assesses the prospects of the practical implementation of blockchain mechanisms in the creation of industrial platforms — digital platforms that provide integrated services for businesses and the government using a single window system.

Analysis of the Application of Blockchain Technology in the Field of Supply Chain Finance in the Natural Gas Industry

2021 ◽  
Author(s):  
Jianping Zhang ◽  
Fuping Wang ◽  
Yongsong Pu ◽  
Pu Li ◽  
Yingkai Ma ◽  
...  
Keyword(s):  
Supply Chain ◽  
Natural Gas ◽  
Financial Services ◽  
Organizational Innovation ◽  
Gas Industry ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
Natural Gas Industry ◽  
Financial Framework ◽  
Gas Supply

Abstract After China's supply chain finance business has gradually matured in the consumer finance field, it has begun to extend to the industrial finance field. As a branch of industrial finance, the natural gas industry supply chain finance business has gradually developed, and the number of participants has gradually increased. The article mainly introduces the development status of natural gas supply chain financial services in China. Research has found that there are still many problems in the current industry development, such as the inability of effective collaboration among participants, and the inability to unify logistics, information flow, capital flow and energy flow in the industry. On this basis, the article studies the methods of blockchain technology to solve corresponding problems, and proposes the application ideas of blockchain technology in the field of natural gas supply chain finance, hoping to promote development by constructing a business model business architecture and technical architecture, This model can produce significant economic and social benefits, has a high theoretical feasibility, but there is no concrete examples at present. Finally, suggestions are made in five aspects, including strengthening the design of top-level systems, incorporating energy flows into the supply chain financial framework system, creating an open innovation atmosphere, enhancing technological progress, strengthening core corporate social responsibility, and promoting core corporate organizational innovation.

scholarly journals Hydrological Layered Dialysis Research on Supply Chain Financial Risk Prediction under Big Data Scenario

2018 ◽  
Vol 2018 ◽  
pp. 1-9
Author(s):  
Jia Liu ◽  
Shiyong Li ◽  
Xiaoxia Zhu
Keyword(s):  
Risk Management ◽  
Big Data ◽  
Supply Chain ◽  
Risk Analysis ◽  
Risk Prediction ◽  
Financial Institutions ◽  
Surface Runoff ◽  
Financial Risk ◽  
Supply Chain Finance ◽  
Runoff Model

In recent years, internet development provides new channels and opportunities for small- and middle-sized enterprises’ (SMEs) financing. Supply chain finance is a hot topic in theoretical and practical circles. Financial institutions transform materialized capital flows into online data under big data scenario, which provides networked, precise, and computerized financial services for SMEs in the supply chain. By drawing on the risk management theory in economics and the distributed hydrological model in hydrology, this paper presents a supply chain financial risk prediction method under big data. First, we build a “hydrological database” used for the risk analysis of supply chain financing under big data. Second, we construct the risk identification models of “water circle model,” “surface runoff model,” and “underground runoff model” and carry on the risk prediction from the overall level (water circle). Finally, we launch the supply chain financial risk analysis from breadth level (surface runoff) and depth level (underground runoff); moreover, we integrate the analysis results and make financial decisions. The results can enrich the research on risk management of supply chain finance and provide feasible and effective risk prediction methods and suggestions for financial institutions.

scholarly journals Application of Blockchain Technology in Supply Chain Finance of Beibu Gulf Region

2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
RenLan Wang ◽  
Yanhong Wu
Keyword(s):  
Supply Chain ◽  
Financial Risk ◽  
Chain Structure ◽  
Beibu Gulf ◽  
Application Research ◽  
Gulf Region ◽  
Processing Efficiency ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
A Chain

Blockchain technology is a database that is operated by multiple parts and forms a chain structure through hash index. The blockchain uses multiple nodes and distributes multiple accesses to data, thereby reducing the dependence on the central Internet server and avoiding the possibility of damage to the central server point due to data and data loss. Encryption technology is used to ensure its integrity and ensure that the data files stored in the blockchain are not tampered with or deleted maliciously. Blockchain technology has inherent advantages in supply chain finance with its technical attributes such as nontampering, distributed ledger, and traceability and has great potential to build trust to solve the main problems of supply chain finance, which is conducive to promoting financial development in the Beibu Gulf region. This article mainly introduces the application research of blockchain technology in supply chain finance in the Beibu Gulf region and intends to provide some ideas for the development of supply chain finance in the Beibu Gulf region combined with blockchain technology. This article proposes the application research methods of blockchain technology in supply chain finance in the Beibu Gulf region, including blockchain technology, supply chain financial risk evaluation on the blockchain, and supply chain finance game for relevant experiments. The experimental results of this article show that the average processing time of the algorithm of the designed blockchain supply chain financial system is 4.10 seconds, the algorithm processing efficiency is faster, and the relevant risks can be better assessed.

scholarly journals Analysis of Revenue Incentive Dynamic Mechanism of Financial Supply Chain from the Perspective of the Internet of Things

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Yue Yin
Keyword(s):  
Supply Chain ◽  
Life Cycle ◽  
Influencing Factors ◽  
Incentive Mechanism ◽  
Influencing Factor ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
The Incentive Mechanism ◽  
Relationship Factors ◽  
The Internet Of Things

With the rapid development of society, all walks of life need the support of the Internet of Things, and the financial industry is no exception. This article integrates blockchain technology with supply chain finance and builds a supply chain financial alliance architecture based on blockchain technology and an underlying model of the Ethereum blockchain system suitable for supply chain finance. We innovated new supply chain finance models and operating mechanisms and proposed business scenarios for supply chain finance from the perspective of blockchain. Taking into account the actual operation of the blockchain supply chain financial platform, the principal-agent model and the incentive theory are applied, and the supply chain financial accounts receivable model is taken as an example in the case of complete information and incomplete information. The incentive mechanism between the service provider of the chain supply chain financial platform and the core enterprise promotes the better implementation of blockchain technology and supply chain finance. Based on the existing theoretical research, this paper identifies the key influencing factors of the supply chain’s cross-enterprise incentive mechanism. These influencing factors system includes two dimensions: transaction factors and relationship factors. Transaction factors include resource dependence, uncertainty, and cooperation experience; relationship factors include corporate reputation, trust level, and relationship commitment. Based on the nature of the incentive mechanism, information sharing and revenue sharing are extracted as the measurement dimensions of the supply chain’s cross-enterprise incentive mechanism. On this basis, this article draws on the existing enterprise life cycle division method and constructs a hypothetical model of the influencing factors of the incentive mechanism in the incubation period, the growth period, and the maturity period. Relevant data was collected through questionnaires, and SPSS and AMOS software were used to perform statistical analysis, reliability analysis, exploratory factor analysis, confirmatory factor analysis, and structural equation hypothesis testing on the data. The performance of each influencing factor in different stages of the enterprise’s life cycle and the importance of each influencing factor in the same life cycle stage are obtained.

Business financing and blockchain technology adoption in agroindustry

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Arief Rijanto
Keyword(s):  
Supply Chain ◽  
Technology Adoption ◽  
Financial Institutions ◽  
Content Type ◽  
Agricultural Industry ◽  
Blockchain Technology ◽  
New Business ◽  
Agricultural Business ◽  
Business Financing

Purpose This paper aims to explore patterns of business financing and adoption of blockchain technology in the agricultural industry. The adoption of blockchain technology in terms of recording, storing, validating and securing data can solve a variety of agricultural problems such as agricultural business financing. If the banking and insurance industries are connected in real-time to activity data in the agricultural industry, they can create better credit ratings and profile models. So, finally, all parties in the agricultural industry have a greater chance to get business financing from banks. Design/methodology/approach This paper uses a case study research approach with a framework of analysis of the theory of adoption of technology, organization and environment (TOE) and the theory of “mindfulness of adoption”. The case study method has advantages when verification is still questioned or the application of certain theories in practice as phenomena and contexts that occur in the field in accordance with the application of blockchain technology into a relatively new business, both technically and practically in the field. Findings The findings indicate that there are no barriers to the availability of blockchain technology for technology adoption. The characteristics of this technology are very suitable for solving financing and supply chain business problems in the agricultural industry. However, the adoption of blockchain technology in agriculture shows that there is complexity in the organizational context involving internal and external organizations. The number of organizations and small parties involved in the agricultural process challenges the adoption of blockchain technology as new technology. Then, the external environment of technology, especially government regulations in developing countries, is still an obstacle to the adoption of blockchain technology. Research limitations/implications This study faces several limitations, namely, the limited case of implementation of the blockchain technology due to the novelty of technology and government regulation. So that further research related to the adoption of blockchain technology needs to be done using field data such as surveys. Research related to the connectivity of the banking industry and other financial institutions also needs to be explored further, especially in creating a data-based credit risk model of the blockchain system. Originality/value On the practical side, case studies of technology adoption and its relationship with the financing of agricultural business are still little explored so this study contributes to exploring the application of blockchain technology in the agricultural industry. The adoption of blockchain technology has an impact not only on farmers but also on all parties involved in the supply chain including banks, insurance and other financial institutions. In addition, the distributed data exchange business model using blockchain technology is a new business model in the agriculture industry.

scholarly journals Research on the Development of Blockchain in Supply Chain

2021 ◽  
Vol 292 ◽  
pp. 02001
Author(s):  
JunJie Zheng ◽  
TianFeng Ye
Keyword(s):  
Supply Chain ◽  
Information Service ◽  
Basic Research ◽  
Financial Information ◽  
Present Stage ◽  
Critical Stage ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
Stage Of Development ◽  
China’S Economy

At the present stage, China’s economy is at a critical stage of transformation and development, and supply chain finance has also entered a deep stage of development. In order to promote supply chain finance to get rid of hollowing out and other traps, it is necessary to improve the way of financial information service. Some characteristics of blockchain technology are consistent with the development of supply chain finance, which can improve the industry’s ability to control risks related to supply chain finance to a certain extent, and make supply chain finance better serve the real economy.On the basis of previous basic research, this paper creatively puts forward how to use blockchain to solve the problems existing in supply chain finance, and discusses in detail the obstacles to the popularization of blockchain technology in the field of supply chain finance, thus providing some schemes for realizing the application of blockchain in the field of supply chain finance.

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