Advances in Economics, Management and Political Sciences

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Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 41 , 10 November 2023


Open Access | Article

Exploring the Emerging Financial Development Model of "Blockchain + Credit Guarantee" Based on Information Asymmetry Theory

Manqing He * 1
1 Central South University of Forestry and Technology

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 41, 116-121
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Manqing He. Exploring the Emerging Financial Development Model of "Blockchain + Credit Guarantee" Based on Information Asymmetry Theory. AEMPS (2023) Vol. 41: 116-121. DOI: 10.54254/2754-1169/41/20232053.

Abstract

Small and medium-sized enterprises (SMEs) are an important part of relieving the pressure of social employment and increasing the development and vitality of the world economy. However, the disadvantages of SMEs in terms of their scale and normality have led to problems such as difficulties in financing during their development, which have increased the difficulty of their development and growth. To address this social reality, it is urgent to establish a perfect credit guarantee system for SMEs. With the continuous development of China's information technology, financial institutions are also transforming, providing new ideas for the improvement of the credit guarantee system for SMEs. Over the years, the implementation of "blockchain + credit guarantee" has brought unprecedented revolutionary impact to the financial industry. It has not only greatly expanded the application scope of blockchain technology, but also greatly improved the credit guarantee mechanism for SMEs, greatly enhanced their financing efficiency, and effectively reduced their risks, laying a solid foundation for their long-term stable development. To better support the development of SMEs, we should accelerate the digital transformation to realize the effective allocation of financial resources and enhance the market competitiveness of SMEs, to better meet their economic and social development needs.

Keywords

credit guarantee, information asymmetry, SMEs, blockchain

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-103-2
ISBN (Online)
978-1-83558-104-9
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/41/20232053
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated