Title：Blockchain-Enabled Supply Chain Asset-Backed Securitization Financing Balanced Strategy     PDF

Publisher: INATGI 

Authors: Lei Yang, Giridhar Reddy Bojja

Abstract

Asset-Backed Securitization (ABS) has gradually grown and has an important value and significance for alleviating the capital constraints. For the problems of information asymmetry, lack of trust mechanism, and low financing efficiency faced by Asset-Backed Securitization financing, the characteristics of blockchain technology such as smart contracts, consensus mechanism, encryption algorithm, and traceability can greatly raise the financing efficiency of ABS. To explore the impact of blockchain on Supply Chain Financing (SCF), we take Asset-Backed Securitization financing as the research object, explores four situations: non-cooperative mode without blockchain technology, cooperative mode without blockchain technology, non-cooperative mode with blockchain technology, and cooperative mode with blockchain technology, and analyzes the financing equilibrium strategy of supply chain enterprises. Further analysis through numerical simulation shows that the introduction of blockchain can reduce the information verification cost between enterprises and alleviate the capital constraints of enterprises. The lower blockchain technology cost is more helpful to alleviate the capital constraints of enterprises. When the sponsor adopts a lower financing rate, the capital-constrained supply chain will more actively choose the sponsor to apply for Asset-Backed Securitization financing. When the supply chain enterprise adopts a cooperative mode, compared with the non-cooperative mode, the enterprise can better improve the financing income and achieve financing equilibrium. The conclusion is helpful for managers making more reasonable decisions.

Keywords: Blockchain, supply chain, asset-backed securitization, financing equilibrium

Date of Publication: April 12, 2025                             DOI: 10.63646.