Research on financial platform of railway freight supply chain based on blockchain

• Published in: Smart and resilient transportation (Online) 2020-12, Vol.2 (2), p.69-84
• Main Authors: Xie, Peng, Chen, Qiang, Qu, Ping, Fan, Jianping, Tang, Zhijun
• Format: Article
• Language: English
• Subjects: Blockchain; Business models; Control systems; Cooperation; Cryptography; Development banks; Digital currencies; Finance; Financial services; Freight transportation; Industrial development; Information technology; Innovations; Internet; Inventory; Logistics; R&D; Railroads; railway logistics; Research & development; Risk management; Small & medium sized enterprises-SME; Strategic planning; supply chain finance; Supply chain management; Supply chains; Support systems; Technical services; Technology assessment; Transportation industry
• ISSN: 2632-0495
• DOI: 10.1108/SRT-09-2020-0007

PurposeThis paper aims to systematically expound the theory and development background of supply chain finance and blockchain, design a railway freight supply chain financial platform based on blockchain, determine the risk management system and business support system of supply chain finance business and analyze the value generated by the combination of supply chain finance business and blockchain.Design/methodology/approachInvestigation and research method; Prototype method; Model method; Value analysis.FindingsThe business model integrating supply chain finance and blockchain technology will bring great changes to freight industry. The development of supply chain finance is beneficial to the healthy development of the core participants of railway freight transport business and its upstream and downstream ecosystems. It links commerce, logistics, warehousing and financial services together and builds an industry-integrated ecological service platform through information technology platform and supporting system, taking data as the basis and combining information technology such as blockchain as innovative means.Originality/valueThis paper will provide important reference value for related research. This paper innovatively designs the supply chain financial platform of freight transportation industry-integrating blockchain technology and analyzes its business model, technical system, risk management and control system and value system in detail, which will provide technical support for the innovative reform of freight information technology and realize the stable and high-speed development of freight logistics informationization.