BFS: A blockchain-based financing scheme for logistics company in supply chain finance
Against the backdrop of the booming supply chain finance and logistics industry, Logistics 4.0 has emerged. However, the financing capacity of today's logistics companies is still unable to respond to the needs of the rapid development of the supply chain. On the one hand, the problem of logist...
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| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2022-12-01
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| Series: | Connection Science |
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| Online Access: | http://dx.doi.org/10.1080/09540091.2022.2088698 |
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| _version_ | 1849699248842473472 |
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| author | Jia Fu Bangcan Cao Xiaoliang Wang Pengjie Zeng Wei Liang Yuzhen Liu |
| author_facet | Jia Fu Bangcan Cao Xiaoliang Wang Pengjie Zeng Wei Liang Yuzhen Liu |
| author_sort | Jia Fu |
| collection | DOAJ |
| description | Against the backdrop of the booming supply chain finance and logistics industry, Logistics 4.0 has emerged. However, the financing capacity of today's logistics companies is still unable to respond to the needs of the rapid development of the supply chain. On the one hand, the problem of logistics companies’ lack of existing high-value collateral in supply chain finance has led to a clutter of their credit data and difficulty in verifying their creditworthiness. On the other hand, the massive access to logistics companies’ business information can also lead to privacy leaks. At the same time, the transparency feature of blockchain is used to solve the financing dilemma of many industries in supply chain finance. On this basis, we propose a blockchain-based financing scheme (BFS) for logistics company. BFS utilises more efficient and interpretative smart contract technology, as well as improved privacy information query and invocation algorithms, to realise automatic control of entity node privacy information flow and significantly simplifying the steps and lowering the thresholds to financing for logistics companies, while protecting the privacy of their data. After extensive simulation testing, BFS can run supply chain blocks at a stable transaction throughput of around 280 RPS, with data transfers that meet the financing needs of logistics companies, providing a higher and more stable performance than the native Hyperledger Fabric. |
| format | Article |
| id | doaj-art-31ff2c2196684c1c8f6c8356cc442550 |
| institution | DOAJ |
| issn | 0954-0091 1360-0494 |
| language | English |
| publishDate | 2022-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Connection Science |
| spelling | doaj-art-31ff2c2196684c1c8f6c8356cc4425502025-08-20T03:18:39ZengTaylor & Francis GroupConnection Science0954-00911360-04942022-12-013411929195510.1080/09540091.2022.20886982088698BFS: A blockchain-based financing scheme for logistics company in supply chain financeJia Fu0Bangcan Cao1Xiaoliang Wang2Pengjie Zeng3Wei Liang4Yuzhen Liu5Hunan University of Science and TechnologyHunan University of Science and TechnologyHunan University of Science and TechnologyCentral South UniversityHunan University of Science and TechnologyHunan University of Science and TechnologyAgainst the backdrop of the booming supply chain finance and logistics industry, Logistics 4.0 has emerged. However, the financing capacity of today's logistics companies is still unable to respond to the needs of the rapid development of the supply chain. On the one hand, the problem of logistics companies’ lack of existing high-value collateral in supply chain finance has led to a clutter of their credit data and difficulty in verifying their creditworthiness. On the other hand, the massive access to logistics companies’ business information can also lead to privacy leaks. At the same time, the transparency feature of blockchain is used to solve the financing dilemma of many industries in supply chain finance. On this basis, we propose a blockchain-based financing scheme (BFS) for logistics company. BFS utilises more efficient and interpretative smart contract technology, as well as improved privacy information query and invocation algorithms, to realise automatic control of entity node privacy information flow and significantly simplifying the steps and lowering the thresholds to financing for logistics companies, while protecting the privacy of their data. After extensive simulation testing, BFS can run supply chain blocks at a stable transaction throughput of around 280 RPS, with data transfers that meet the financing needs of logistics companies, providing a higher and more stable performance than the native Hyperledger Fabric.http://dx.doi.org/10.1080/09540091.2022.2088698blockchainsupply chain financehyperledger fabric |
| spellingShingle | Jia Fu Bangcan Cao Xiaoliang Wang Pengjie Zeng Wei Liang Yuzhen Liu BFS: A blockchain-based financing scheme for logistics company in supply chain finance Connection Science blockchain supply chain finance hyperledger fabric |
| title | BFS: A blockchain-based financing scheme for logistics company in supply chain finance |
| title_full | BFS: A blockchain-based financing scheme for logistics company in supply chain finance |
| title_fullStr | BFS: A blockchain-based financing scheme for logistics company in supply chain finance |
| title_full_unstemmed | BFS: A blockchain-based financing scheme for logistics company in supply chain finance |
| title_short | BFS: A blockchain-based financing scheme for logistics company in supply chain finance |
| title_sort | bfs a blockchain based financing scheme for logistics company in supply chain finance |
| topic | blockchain supply chain finance hyperledger fabric |
| url | http://dx.doi.org/10.1080/09540091.2022.2088698 |
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