Xiaomi Financial Supply Chain Finance Manager: If supply chain information can be linked by blockchain, etc., or will solve the transparency problem better

Yue Kai, head of Xiaomi Financial Supply Chain Finance, said that another pain point in the development of supply chain finance is that the transparency of information needs to be improved. In the future, if the giant's supply chain information can be linked by using financial technology such as blockchain encryption technology to form a mutual trust mechanism, this problem will be better solved. Specifically, the platform can use blockchain encryption technology to provide limited information to financial institutions that need to know information. For example, it can understand whether the supply relationship is true, but does not disclose the accounts receivable information. It is equivalent to a platform for establishing industrial information. However, the establishment of the docking platform requires the promotion of government departments.