In the development of traditional supply-chain finance, the information asymmetry of all parties in the supply chain has become the primary problem hindering its development. Blockchain technology is an effective method to solve the problem of information silos. Based on differential game theory, this paper constructs a game model of supply-chain financial information-sharing behavior based on blockchain technology. Three scenarios of independent decision, the cost-subsidy mechanism of financial institutions, and dealers and collaborative decisions are studied, and the theoretical model is verified through a simulation algorithm. The results show that information sharing in supply-chain finance based on blockchain technology is much higher than that of traditional supply-chain finance, and the use of blockchain technology can promote more sustainable development of supply chains. Blockchain technology can effectively solve the information-silo effect, and the information sharing cost-subsidy mechanism can effectively relieve the cost pressure of information sharing and optimize the supply-chain structure. In addition, the amount of information and benefits shared among the three parties of supply-chain finance based on blockchain technology and the overall benefits show an increasing and stabilized trend over time. This study provides a reference for supply-chain finance members to reasonably choose the optimal strategic behavior.

The application of blockchain has become a trend in the development of supply chain finance. Aiming to bridge the gap in the existing literature, this paper investigates a supply chain finance system based on blockchain technology which contains a manufacturer, a retailer and a financial institution and incorporates blockchain costs into the model. Firstly, this paper establishes a supply chain finance model based on blockchain technology and it presents a comparison with the process employed under the traditional model. Secondly, this paper establishes the revenue mathematical model of supply chain finance based on blockchain technology. Thirdly, the optimal decisions of each participant under centralized and decentralized decision-making are proved and obtained, respectively, and the influencing factors of the optimal decisions are analyzed. Finally, the conclusions are verified via simulations. This study finds that, when blockchain is used, the benefits of each participant in the chain are increased. In addition, centralized decision-making, which is more optimal in the traditional model, is also enhanced under blockchain. This paper demonstrates the superiority of blockchain-enabled supply chain finance in terms of model and revenue. This provides some suggestions for companies in the supply chain with regard to solving the problem of financing difficulties.