A Review on Blockchain-Based Supply Chain Finance

Supply chain finance, as an emerging financial service, plays a crucial role in addressing the financing challenges and high costs faced by small and medium-sized enterprises (SMEs). However, in recent years, traditional supply chain finance has encountered various limitations during its practical application. With the continuous advancement and growing maturity of blockchain technology, leveraging blockchain to enhance traditional supply chain finance has emerged as a significant trend. This study focuses on analyzing 890 research papers published between 2016 and 2024, sourced from reputable databases such as ScienceDirect, Scopus, Web of Science, Springer, and Emerald. By employing econometric methods, the research explores key topics and emerging trends related to blockchain technology in the domain of supply chain finance. Through a comprehensive literature review and an evaluation of industry applications, the study assesses how blockchain technology can effectively address the challenges of supply chain finance and highlights future research directions in this field. At present, research on blockchain-enabled supply chain finance primarily revolves around three critical areas: the development models and influence mechanisms of supply chain finance, the application scenarios for blockchain in supply chain finance, and the construction and optimization of blockchain-based supply chain finance platforms. This analysis provides valuable insights into the potential of blockchain technology to revolutionize the landscape of supply chain finance.