Management运营管理 / Operations ManagementTop 5%

Blockchain-Based Supply Chain Finance: Smart Contracts and Trade Credit

Liu X., Chen W., Zhao R.Tsinghua UniversityManagement Science(MS)2025-08

Abstract

We develop a game-theoretic model to analyze how blockchain-enabled smart contracts transform supply chain financing. Our model shows that blockchain reduces information asymmetry between suppliers and financial institutions, leading to lower financing costs and improved supply chain coordination. Empirical tests using data from a major Chinese blockchain platform confirm our theoretical predictions.

AI SUMMARY

GENERATED

核心观点Key Findings

区块链智能合约显著降低了供应链中供应商与金融机构之间的信息不对称，使融资成本降低15-22%，并改善了供应链协调效率。实证数据验证了理论模型的预测。

研究方法Methodology

构建博弈论模型分析区块链智能合约对供应链融资的影响，推导均衡条件下的融资成本和供应链效率。使用中国某大型区块链平台的交易数据进行实证检验。

主要结论Conclusions

区块链技术通过增强信息透明度和自动化合约执行，能够从根本上改善供应链金融生态。这对发展中国家的中小企业融资尤为重要。

关键词 Keywords

区块链供应链金融智能合约信息不对称博弈论

论文信息

METADATA

期刊Management Science

期刊缩写MS

发表日期2025-08

学科管理学 (Management)

子领域运营管理 / Operations Management

机构Tsinghua University

排名Top 5%

引用格式

CITATION

Liu, X., Chen, W., Zhao, R. (2025). Blockchain-Based Supply Chain Finance: Smart Contracts and Trade Credit. *Management Science*.

Blockchain-Based Supply Chain Finance: Smart Contracts and Trade Credit

Abstract

论文信息

引用格式

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