Research on SMEs’ Financing Against the Background of Internet Finance — Based on Block Chain Technology

As an important part of China's national economy, small and medium-sized enterprises (SMEs) play an important role in promoting China's economic growth, expanding jobs and increasing national tax revenue. However, due to the small scale of SMEs, low level of credit, lack of collateral, they are often plagued by narrow financing channels, financing difficulties and expensive financing, so a new technology is urgently needed to solve the current financing plight of SMEs. In recent years, block chain technology has attracted wide attention worldwide due to its decentralized and trustfree technical mechanism, and has become another new thing that can be popularized and applied on a global scale after the Internet. In this paper, "block chain" and "finance" are perfectly combined, aiming to use the properties of decentralization, immutability and traceability of block chain technology to improve the credit level of small and medium-sized enterprises and expand their financing channels. It is expected to effectively solve the financing difficulties of small and medium-sized enterprises, promote the sustainable and healthy development of small and medium-sized enterprises, and make greater contributions to the national economic growth.