Research on the Impact of Blockchain Technology Application on the Financing of Township and Village Enterprises in China

Rural revitalization is inseparable from the development of township enterprises. At present, although the development trend of China’ s township enterprises is good as a whole, they are still restricted by factors such as difficulty in financing and high financing costs. At the same time, blockchain technology has gradually gained attention and application in China’ s financial field, especially in the field of inclusive finance. This paper takes blockchain technology as an entry point to analyze its impact on the financing of township enterprises. Through the study of the coupling mechanism of blockchain technology affecting the financing of township enterprises, it is found that blockchain technology can “calibrate” the information asymmetry through the sharing mechanism, “downscale” the physical collateral degree through the consensus mechanism, “dilute” the contract mechanism, and “detecting” transaction chain risk through traceability mechanism. The application model of “one main and two wings” strategy for financing of township enterprises based on blockchain technology is proposed, and further suggestions are made on how blockchain technology can effectively promote financing of township enterprises.