Design of Inventory Pledge Financing Model Based on Internet of Things Technology and Operational Risk Management In recent years, supply chain finance business has developed rapidly at home and abroad, but some problems, such as the information asymmetry between bank and enterprises, and a lagging financing mode resulting in increased operation and maintenance risks, simultaneously exist. From the perspective of model optimization, in this paper, we combine with the unique functions of Internet of Things technology and design a new inventory pledge financing model and therefore construct the extreme value theory Peak Over Threshold (POT) model, which can be used to measure the operational risk of the inventory pledge financing model. Empirical analysis shows that the external fraud of the supply chain financial inventory pledge financing model causes the greatest loss. The new inventory pledge financing model based on the Internet of Things technology effectively reduces the operational risk according to the comparison of ES value between the new model and the traditional model.

A BlockchainDriven Supply Chain Finance Application for Auto Retail Industry In this paper, a Blockchaindriven platform for supply chain finance, BCautoSCF (Zhiliancherong in Chinese), is introduced. It is successfully established as a reliable and efficient financing platform for the auto retail industry. Due to the Blockchain builtin trust mechanism, participants in the supply chain (SC) networks work extensively and transparently to run a reliable, convenient, and traceable business. Likewise, the traditional supply chain finance (SCF), partial automation of SCF workflows with fewer human errors and disruptions was achieved through smart contract in BCautoSCF. Such open and secure features suggest the feasibility of BCautoSCF in SCF. As the first Blockchaindriven SCF application for the auto retail industry in China, our contribution lies in studying these pain points existing in traditional SCF and proposing a novel Blockchaindriven design to reshape the business logic of SCF to develop an efficient and reliable financing platform for small and medium enterprises (SMEs) in the auto retail industry to decrease the cost of financing and speed up the cash flows. Currently, there are over 600 active enterprise users that adopt BCautoSCF to run their financing business. Up to October 2019, the BCautoSCF provides services to 449 onlineoffline auto retailors, three B2B asset exchange platforms, nine fund providers, and 78 logistic services across 21 provinces in China. There are 3296 financing transactions successfully completed in BCautoSCF, and the amount of financing is xc2xa5566,784,802.18. In the future, we will work towards supporting a full automation of SCF workflow by smart contracts, so that the efficiency of transaction will be further improved.