Central Bank Shanghai Headquarters: Using Blockchain Technology to Improve Corporate Finance Efficiency

The Shanghai Headquarters of the People's Bank of China issued the “Financial Support Comprehensive Service Plan for Advanced Manufacturing of High-Quality Manufacturing in the G60 Science and Technology Corridor of the Yangtze River Delta”. The "Proposal" mentioned that relying on the core enterprises of the advanced manufacturing industry chain, the use of blockchain technology to carry out supply chain financial innovations such as warehouse receipt pledge loans, accounts receivable pledge loans, bill discounting, factoring, international and domestic letters of credit, etc. Overall financing efficiency.