Financing the Three-Tier Supply Chain: Advance Payment vs. Blockchain-Enabled Financing Mode

Table 1

Literature categorized of supply chain finance.

Reference	Supply chain	Financial constraint party	Financing mode
Kouvelis and Zhao [9]	Two tiers	Retailer	Trade credit and bank loan
Jing and Seidmann [10]	Two tiers	Retailer	Trade credit and bank loan
Tang et al. [11]	Two tiers	Supplier	Order financing and buyer-direct financing
Kouvelis and Xu [12]	Two tiers	Supplier	Reverse factoring
Ding and Wan [14]	Two tiers	Supplier	Advance payment and bank loan
Huang [15]	Two tiers	Supplier	Advance payment
Deng et al. [16]	Two tiers	Supplier	Advance payment and bank loan
Yan et al. [17]	Two tiers	Supplier	Advance payment
Ding and Wan [14]	Two tiers	Supplier	Advance payment and reverse factoring
Kouvelis and Zhao [19]	Two tiers	Supplier and retailer	Trade credit and bank loan
Liu et al. [27]	Three tiers	Retailer	Blockchain platform finance
Wang et al. [28]	Three tiers	Retailer	Trade credit using blockchain
Dong et al. [4]	Three tiers	Tier-2 supplier	Blockchain-enabled financing mode
This research	Three tiers	Tier-2 supplier	Advance payment and blockchain-enabled financing mode