Proceedings of the 3rd International Conference on Internet, Education and Information Technology (IEIT 2023)

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Construction of Financial Platform Model Based on Internet of Things and Blockchain Technology

Authors
Yiwen Shi1, *
1HD Ningbo School, Ningbo, Zhejiang, China
*Corresponding author. Email: 2339524903@qq.com
Corresponding Author
Yiwen Shi
Available Online 4 September 2023.
DOI
10.2991/978-94-6463-230-9_38How to use a DOI?
Keywords
Internet of Things Technology; Blockchain Technology; Financial Platform; Platform Mode
Abstract

With the rapid development of small and medium-sized enterprises in China, their financing needs are also continuously increasing. However, the traditional centralized supply chain finance system cannot truly and effectively solve the financing problems of small, medium-sized, and micro enterprises due to the problems of data tampering and low financing efficiency. The purpose of this article was to research the construction of financial platform based on the Internet of Things (IoT) and blockchain technology. This article integrated blockchain technology and supply chain finance, thereby solving the problems of low financing efficiency and data tampering existing in traditional supply chain financial service systems, and better meeting the financing needs of enterprises. On this basis, the consistency algorithm based on PBFT (Practical Byzantine Fault Tolerance) was studied and optimized. It was applied to financial service platforms of the IoT and blockchain, and finally verified. The results showed that the improved consistency algorithm studied in this paper had less latency compared to the PBFT consistency algorithm.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Internet, Education and Information Technology (IEIT 2023)
Series
Atlantis Highlights in Social Sciences, Education and Humanities
Publication Date
4 September 2023
ISBN
978-94-6463-230-9
ISSN
2667-128X
DOI
10.2991/978-94-6463-230-9_38How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yiwen Shi
PY  - 2023
DA  - 2023/09/04
TI  - Construction of Financial Platform Model Based on Internet of Things and Blockchain Technology
BT  - Proceedings of the 3rd International Conference on Internet, Education and Information Technology (IEIT 2023)
PB  - Atlantis Press
SP  - 319
EP  - 326
SN  - 2667-128X
UR  - https://doi.org/10.2991/978-94-6463-230-9_38
DO  - 10.2991/978-94-6463-230-9_38
ID  - Shi2023
ER  -