Supply chain finance block chain standard

1. In September 2016, the international organization for Standardization (ISO) established the Technical Committee on blockchain and Distributed Accounting (ISO / TC 307), which is responsible for formulating international standards in the field of blockchain and distributed accounting. In March 2017, China Institute of electronic technology standardization undertook ISO / TC 307 domestic technical counterpart. In December 2019, the Ministry of instry and information technology organized the preparation of the National Technical Committee for standardization of blockchain and distributed accounting technology, and the undertaking unit of the Secretariat is China Institute of electronic technology standardization. At present, China Institute of electronic technology standardization is responsible for testing the blockchain system to see if it meets the blockchain standards. After passing the test, relevant certificates will be issued. Shenzhen blockchain instry will accelerate the development of standardization. On June 11, the fourth China blockchain development competition and the Guangdong Seminar on blockchain national standards and system testing standards were held in Shenzhen. The first blockchain standardization evaluation workstation that can professionally apply for and test national standards was established in Shenzhen.

2.

China has started to establish a national standard for blockchain to promote the construction of blockchain standard system from top-level design, which is expected to be completed by the end of 2019 at the earliest

in this regard, Zhao Wu, founder of Beijing Huashun Xin'an Technology Co., Ltd., also said that although the blockchain has disruptive technology potential, we must realize that the blockchain is still in its infancy, far from reaching the stage of subverting the world

Yu Kequn stressed that the independent and controllable blockchain network is intended not to be controlled by others technically, but also to promote the healthy development of blockchain. Security is the future life of blockchain. Only its own security can make blockchain technology landing. This requires us to pay equal attention to the development of blockchain technology and its security attributes, even ahead of time

in this regard, Li Ming also said that an important part of the standard is the information security standard, which can also see the importance of security to blockchain technology. He also pointed out that the development of blockchain standards does not mean that it will rapidly promote the development of the instry, but give the instry certain guidance. Previously, China has suffered a lot in terms of international intellectual property rights and standards. In terms of blockchain, China has formed more than 200 patents in terms of international blockchain, and even stands in the forefront of world technology. Therefore, we also need to firmly grasp our right to speak

content source: Xinhuanet

3.

In the traditional supply chain finance, financing difficulty, high financing cost and cumbersome financing process have always been one of the bottlenecks restricting small and medium-sized enterprises to become bigger and stronger. Banks rely on the ability of core enterprises to control goods and regulate sales. For the sake of risk control, banks are only willing to provide factoring services to upstream suppliers (limited to first tier suppliers) with direct accounts payable obligations of core enterprises, or provide prepayment or inventory financing to their downstream distributors (first tier suppliers). As a result, the demand of secondary and tertiary suppliers / distributors with huge financing demand can not be met, the business volume of supply chain finance is limited, and the small and medium-sized enterprises can not get timely financing, which will easily lead to proct quality problems and damage the whole supply chain system

to solve these problems, we can make use of the characteristics of decentralized, tamper proof and distributed ledger of blockchain technology to build a blockchain supply chain financial platform

The core enterprise issues a / R certificate to the distributor. After the distributor signs the receipt, it indicates that it has signed the purchase and sales contract and the core enterprise delivers the goods

Because of the shortage of funds, distributors need to borrow money from finance

3. After the financial institutions have approved, the amount of loans will be sent to the core enterprises

The distributor will repay the loan and interest after selling the goods

4. Research on the maturity of supply chain finance of E-Chain Technology

5. Changliang guorongxin system not only realizes the independence of workflow proct selection, but also realizes the flexible design and standardization of workflow. We provide our own workflow procts;