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Application of blockchain technology in supply chain financial innovation of commercial banks

Supply chain finance of commercial banks provides an effective way for the financing of small and medium-sized enterprises, and solves the problem of enterprise financing to a certain extent. With the rapid development of supply chain financial business, the functional design and structure of traditional business model have been difficult to meet the needs of modern commercial banks. There is an urgent need for emerging technologies to reinvigorate the supply chain financial business of commercial banks. Blockchain technology can effectively reshape the supply chain financial model and solve the development dilemma of commercial banks. In the future, it is necessary to continue to optimize the development environment of commercial banks, accelerate the improvement of the technical and legal framework, build the blockchain technology application architecture system, innovate the supply chain financial model, and promote the sustainable development of commercial banks' supply chain financial business.