This book investigates how the Blockchain Technology (BCT) for Supply
Chain Finance (SCF) programs allows businesses to come together in
partnerships and accelerate cash flows throughout the supply chain. BCT
promises to change the way individuals and corporations exchange value
and information over the Internet, and is perfectly positioned to enable
new levels of collaboration among the supply chain actors.
The book reveals new opportunities stemming from the application of BCT
to SCF financing solutions, particularly reverse factoring - or approved
payables financing. To do so, it first identifies the principal barriers
and pain points in delivering financing solutions. Then, a possible
blockchain-driven supply chain model is defined.
Using this framework, the book subsequently discusses relevant use cases
for the technology, which could open up new opportunities in the SCF
space. It demonstrates that blockchain and distributed ledgers
technologies could deliver substantial benefits for all parties involved
in SCF transactions, promising to expedite the processes and lower the
overall costs of financing programs.
Industry giants such as IBM, Maersk, China-based Dianrong and FnConn (a
Foxconn subsidiary) are currently working to digitize the global,
cross-border supply chain using blockchain technology, and will likely
soon create blockchain platforms for supply chain finance. These
solutions aim to reduce complexity and make data sharing more secure,
accurate and efficient. This book offers a highly topical resource for
stakeholders across the entire supply chain, helping them prepare for
the upcoming technological revolution.
