The optimisation research of Blockchain application in the financial institution-dominated supply chain finance system

【Author】 Wu Yang; Wang Ziyang; Zhou Xiaohao; Yao Jianming

【Source】INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH

【影响因子】9.018

【Abstract】As an information technology that could significantly improve supply chain visibility and process automation, blockchain has been extensively applied in the field of supply chain finance (SCF). However, tradeoffs among the security, the operation cost, and the efficiency of the blockchain system may cause the SCF system dominated by a financial institution to inevitably fall into the dilemmas of risky or un-economic if the blockchain technology is applied inappropriately. Therefore, the objective of this paper is to optimise the blockchain application in the financial institution-based SCF system. We first analyse the application of blockchain security in SCF, and then the performance tradeoffs of blockchain and its impact on the performance of the supported SCF system. Based on the analysis above, an optimisation approach has been proposed and a corresponding non-linear integer programming (NIP) model has been constructed to select the best blockchain design schemes for the SCF system to achieve overall optimal in terms of security, cost, and efficiency. A designed ant colony algorithm is used to solve the optimisation problem. An application case analysis is used to verify the feasibility and effectiveness of the optimisation model.

【Keywords】Blockchain application; supply chain finance; optimisation model; ant colony algorithm; NIP model

【发表时间】

【收录时间】2022-06-29

【文献类型】实证性文章

【主题类别】

区块链应用-虚拟经济-金融领域