A Study on Enhancing Transparency of Corporate Sustainable Procurement Based on Blockchain Technology

Dongbei University of Finance and Economics, School of Investment Engineering Management, 116021 Dalian, China

^* Corresponding author: jcwen@ldy.edu.rs

Abstract

Against the backdrop of increasing integration of the global economy, supply chain finance faces challenges such as information silos, high cost of paper document transmission, and difficulty in risk control. This study focuses on the application of blockchain technology in enhancing the transparency of sustainable procurement for enterprises. Through an indepth analysis of successful cases such as the FILO platform and Walmart, the study reveals how blockchain technology can effectively solve the problem of information asymmetry in the traditional procurement process and improve the transparency and efficiency of procurement through its decentralization, data inerrancy, and traceability throughout the process. The study explores the potential value of blockchain technology in the field of supply chain finance using case study and model construction. The results show that blockchain technology can significantly optimize the procurement management process, reduce the risk of human intervention, promote collaborative supply chain operations, and enhance consumer trust. In addition, the study also looks forward to the future trend of the integration and application of blockchain with artificial intelligence, big data and other technologies, and puts forward relevant policy recommendations and practical insights, which provides a reference path for enterprises to implement blockchain technology to enhance procurement transparency.