Promoting higher quality development of network freight platforms: A blockchain-based financial service model for upstream and downstream integration

Abstract

As an innovative platform for a new mechanism in the logistics industry, the emergence of network freight transport is a key point in the development of the logistics industry.The network freight platform has entered the golden period of its development since its legal status was clarified in 2019. Still, in developing the network freight platform, its upstream shippers and downstream actual carriers both need help with long account periods and difficulties in financing. To promote the higher quality development of the network freight platform higher quality development and solve the financing difficulties of small and medium-sized logistics enterprises and related production enterprises, we propose a financial service model of upstream and downstream network freight platforms using accounts receivable pledges based on blockchain technology. In this model, the network freight platform uses the credit advantage of its core enterprises to solve the financing problem for upstream and downstream suppliers under the premise of pledging accounts receivable, thereby accelerating the development of the network freight platform.