Control of the Transaction Cost of the Business Purchase Based on the Block Chain

Abstract

The fierce competition in the market makes the enterprise enter into the times of the meager profit. Strict control of the cost in the production & operation becomes an inevitable trend. Usually, the cost of the enterprise consists of material purchase, processing and personnel management, etc. Of the different costs, the expenses of the material and human labor are becoming more and more transparent and leave less and less room to be controlled as the competition is more and more sharpened in the market. So, the enterprise must seek for the benefits from its various management like people, purchase and marketing, etc. Among these, the management of the purchase transaction cost is quite important. Therefore, the paper makes a relatively full study of the items concerning the transaction cost. First, the paper disentangles the business purchase and its features, then exposes the components of the transaction cost and its problems existing in the business purchase, and finally puts forward some tactics to control the transaction cost during the business purchase based on the block chain.