Welcome to Francis Academic Press

Academic Journal of Business & Management, 2023, 5(8); doi: 10.25236/AJBM.2023.050805.

Analysis of Development of "Blockchain Technology + Supply Chain Finance" Based on PEST-SWOT Model


Yanling Huang, Jialin Chen

Corresponding Author:
Yanling Huang

Guangzhou Xinhua University, Guangzhou, Guangdong, China


The emerging ICT technology is applied in the financial field in the fastest and most common way. Under the background that the development of supply chain finance is encouraged in China to solve the difficulties faced by small and medium-sized enterprises in accessing affordable financing, this study focuses on the application of blockchain technology by analyzing its internal strength and weakness through the PEST-SWOT model as well as the opportunities and challenges in the external politics (P), economy (E), society (S) and technology (T). From the perspective of supply chain finance-related enterprises, we put forward corresponding countermeasures and suggestions for the development of "blockchain technology + supply chain finance" in China.


PEST-SWOT Model, Supply Chain Finance, Blockchain Technology

Cite This Paper

Yanling Huang, Jialin Chen. Analysis of Development of "Blockchain Technology + Supply Chain Finance" Based on PEST-SWOT Model. Academic Journal of Business & Management (2023) Vol. 5, Issue 8: 27-33. https://doi.org/10.25236/AJBM.2023.050805.


[1] Dujak D, Sajter D. Blockchain applications in supply chain[M]//SMART supply network. Springer, Cham, 2019: 21-46.

[2] Francisco K, Swanson D. The supply chain has no clothes: Technology adoption of blockchain for supply chain transparency[J]. Logistics, 2018, 2(1): 2.

[3] Queiroz M M, Telles R, Bonilla S H. Blockchain and supply chain management integration: a systematic review of the literature[J]. Supply Chain Management: An International Journal, 2019.

[4] Hou Jian, Bai Xuebin and Zhou Yanming. Research on the Existence of Equilibrium Solution in Lending Market of Supply Chain Finance. Operations Research and Management Science. 2021; 30(10): 102-6. 

[5] Hu Yuefei and Huang Shaoqing. Supply Chain Finance: Background, Innovation and Concept Definition. Journal of Financial Research. 2009; (8): 194-206. 

[6] Liu Shiqin. Research Status, Progress Overview and Discussion of Supply Chain Finance - Based on Citespace Knowledge Mapping Analysis. Jiangsu Commercial Forum. 2022; (6): 93-6. 

[7] Liu Ting and Li Dong. Research on Further Integration and Development System of Blockchain Technology and Supply Chain Finance. Journal of Financial Development Research. 2021; (11): 81-6. 

[8] Liu Xiang. Research on Supply Chain Finance Mode Empowered by Blockchain Technology. Friends of Accounting. 2021; (23): 148-52. 

[9] Liu Yang. Thoughts on Financing Problems of Small and Medium-sized Enterprises under the Background of "Blockchain + Supply Chain Finance" - Review of Supply Chain Finance China Sciencepaper. 2021; 16(12): 1394. 

[10] Song Hua. Supply Chain Finance [M]. China Renmin University Press, 2021.