A Blockchain-based Framework for the Supply Chain Finance in The Electric-power Industry

Abstract

In order to solve the issue of information asymmetry between commercial banks as well as small- and medium-sized enterprises in supply chain finance, and further reduce their financing cost, this paper proposes to use blockchain as a tool to promote data sharing for the supply chain finance in the electric-power industry. Under the scenario of power grid industry and the specific business of order financing, we design a theoretical model of financial data sharing in power grid industry chain based on multi-chain and consortium chain, combined with encryption algorithm, distributed database and policy-based access control method.