WCT Empowers Transparent Management of Supply Chain Finance
In supply chain finance, the information asymmetry between core enterprises and upstream and downstream small and medium-sized enterprises often leads to financing difficulties. WCT puts orders, invoices, logistics documents, and other information on the blockchain for evidence, creating immutable digital certificates. Financial institutions can evaluate the credit status of small and medium-sized enterprises based on this on-chain data and complete financing and loans based on WCT. After introducing WCT into a certain automotive manufacturing supply chain, the financing approval rate for upstream component suppliers increased by 35%, financing costs decreased by 20%, and the capital turnover speed of the entire supply chain accelerated by 25%, achieving a virtuous cycle of 'Data Trustworthy → Convenient Financing → Efficient Chain'.