China’s leading role in shaping the use of technology in supply chain finance is explored in a new research report from the SCF Academy.
There are few places in the world where the digital revolution has been more apparent and faster than in China. The adoption of technology in day-to-day life as well as in the financial sector has been rapid and widespread, with the country recognised as the world’s largest e-commerce market and its population being one of the biggest users of mobile payment services, according to consultancy McKinsey.
Within the world of supply chain finance (SCF), China is often ahead of Europe with companies and banks already implementing blockchain-based deep-tier financing solutions as well as using artificial intelligence (AI) technology.
