Blockchain-Driven Account Receivable Financing Coordination Strategies
Yang Lei · IEEE Access · 2024
Supply Chain Finance (SCF) can better relieve the predicament of capital constraints and provide financial support for capital-constrained enterprises by relying on trade relations among enterprises. However, SCF is facing predicament such as insufficient credit mechanism and difficulty in trust transmission. Blockchain have great application advantages in SCF dilemma. This paper puts blockchain into the Accounts Receivable Financing (ARF), uses game analysis method, cooperative game and non-cooperative game are adopted. It discusses the equilibrium strategy in four situations: non-cooperative decision without blockchain, cooperative decision without blockchain, non-cooperative decision with blockchain and cooperative decision with blockchain. At the same time, the mechanism of risk sharing and benefit sharing is introduced. It is found that the blockchain will make companies get higher profits than without blockchain. Blockchain will reduce information collection’ cost, improve financing efficiency. Cooperative decision can improve the overall financing efficiency more effectively than non-cooperative decision. Risk sharing mechanism and revenue sharing contract can effectively coordinate the interest conflicts of enterprises and improve the overall efficiency of supply chain. This study can provide useful decision reference for managers.