Why is it so difficult for small and medium-sized enterprises to get financing? Essentially, it's the old problem of information asymmetry. There's an interesting idea—record all data from each link in the supply chain onto the blockchain in real-time, so that financial institutions can directly verify transactions through smart contracts. Based on these on-chain data, banks and other financial institutions are willing to provide financing services.

The benefits of this programmable credit system are obvious. On one hand, it significantly reduces the costs and complexity of transaction verification, and trade frictions are noticeably decreased; on the other hand, the financing pathways for small and medium-sized enterprises are activated, and the entire supply chain finance ecosystem becomes more vibrant. From data on the chain to smart contract automation, this closed loop truly changes the game.