Yu Chunrong*, Yan Ruyu
School of Economics, Changchun University, Changchun, China
Recent years has witnessed burgeoning financial technology as breakthroughs have been made in the progress and application of big data, Internet of things, artificial intelligence and blockchain. All this has brought fresh opportunities for the development of supply chain finance, promoting the supply chain finance to transform from original online platform-based model to a more intelligent one. This paper studies and analyzes various problems shown in agricultural supply chain finance from the perspective of risk management, such as moral hazard, the risk of price change of agricultural products, the risk caused by deficiencies of credit system and operational risk. To cope with these issues, this paper expounds how financial technology, including big data, blockchain and artificial intelligence, may be applied, so as to mitigate the risk and boost the development of agricultural supply chain finance.
financial, technology, agriculture, supply chain finance, risk
Yu Chunrong, Yan Ruyu. Application of Financial Technology in the Risk Management in Agricultural Supply Chain Finance. Academic Journal of Business & Management (2020) Vol. 2, Issue 6: 7-12. https://doi.org/10.25236/AJBM.2020.020602.
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