BFS: A blockchain-based financing scheme for logistics company in supply chain finance

【Author】 Fu, Jia; Cao, Bangcan; Wang, Xiaoliang; Zeng, Pengjie; Liang, Wei; Liu, Yuzhen

【Source】CONNECTION SCIENCE

【影响因子】0.000

【Abstract】Against the backdrop of the booming supply chain finance and logistics industry, Logistics 4.0 has emerged. However, the financing capacity of today's logistics companies is still unable to respond to the needs of the rapid development of the supply chain. On the one hand, the problem of logistics companies' lack of existing high-value collateral in supply chain finance has led to a clutter of their credit data and difficulty in verifying their creditworthiness. On the other hand, the massive access to logistics companies' business information can also lead to privacy leaks. At the same time, the transparency feature of blockchain is used to solve the financing dilemma of many industries in supply chain finance. On this basis, we propose a blockchain-based financing scheme (BFS) for logistics company. BFS utilises more efficient and interpretative smart contract technology, as well as improved privacy information query and invocation algorithms, to realise automatic control of entity node privacy information flow and significantly simplifying the steps and lowering the thresholds to financing for logistics companies, while protecting the privacy of their data. After extensive simulation testing, BFS can run supply chain blocks at a stable transaction throughput of around 280 RPS, with data transfers that meet the financing needs of logistics companies, providing a higher and more stable performance than the native Hyperledger Fabric.

【Keywords】Blockchain; supply chain finance; Hyperledger Fabric

【发表时间】2022 31-Dec

【收录时间】2022-07-10

【文献类型】实证性文章

【主题类别】

区块链应用-实体经济-物流领域