The Innovation Research of Contract Farming Financing Mode under the Block Chain Technology

• Published in: Journal of cleaner production 2020-10, Vol.270, p.122194, Article 122194
• Main Author: Zhang, Dehua
• Format: Article
• Language: English
• Subjects: Agricultural value chain financing; Block chain technology; Direct financing; Innovation model
• ISSN: 0959-6526; 1879-1786
• DOI: 10.1016/j.jclepro.2020.122194

As one of the most promising technologies in the new round of fintech revolution, block chain technology has a broad application prospect. It is of great significance to apply the block chain technology in the field of financial support to agriculture and effectively improve the effect of financial support to agriculture for rural revitalization strategy. The purpose of this paper is to build a block chain supported agricultural financing solution for orders based on the analysis of the development status and existing problems of agricultural financing for orders. Through the construction and business development of the agricultural financing business scenario of placing orders in the block chain system, it is believed that the block chain technology has a great breakthrough in improving the credit system, improving the information asymmetry, building a smooth information transmission channel, improving the transaction reliability, improving the efficiency and reducing the cost of the traditional agricultural financing of orders. Finally, based on the research results, relevant policy Suggestions are put forward for the development of agricultural financing under the block chain technology. In view of the two agricultural enterprises studied in this paper, the annual net profit growth rate is above 2.3%, and the feasibility of innovative financing mode is judged, and corresponding policy Suggestions are put forward to optimize the financing mode of agricultural value chain for the risks existing in the current financing of agricultural value chain.