Research on the Effect of Blockchain Enabling Finance-Transportation and Warehouse Financing Benefits-Based on System Dynamics

Based on the analysis of the basic operation mode of finance-transportation and warehouse (FTW) business and the application of blockchain technology in the design of FTW, this paper constructs an FTW financing system dynamics (SD) model composed of financing enterprise, third-party logistics (3PL)...

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Bibliographic Details
Published in2022 6th International Conference on Business and Information Management (ICBIM) pp. 209 - 215
Main Authors Chuan, Qin, Yitian, Hong
Format Conference Proceeding
LanguageEnglish
Published IEEE 26.08.2022
Subjects
Analytical models
blockchain
Blockchains
Costs
finance-transportation and warehouse (FTW)
Information sharing
Simulation
supply chain finance
Supply chains
System dynamics
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Summary:Based on the analysis of the basic operation mode of finance-transportation and warehouse (FTW) business and the application of blockchain technology in the design of FTW, this paper constructs an FTW financing system dynamics (SD) model composed of financing enterprise, third-party logistics (3PL) and fmancial institution. Each participant's change of benefit level is simulated under three policy scenarios, i.e., no financing, FTW financing and FTW financing based on blockchain technology. The simulation results show that: FTW financing based on blockchain technology can increase the income level of all participants of FTW business, and alleviate the operating dilemma of small and medium-sized enterprises (SMEs) with capital constraints caused by inventory occupying funds, which play a positive role in improving the overall benefit of supply chain.
DOI:10.1109/ICBIM57406.2022.00044