Journal of Yaşar University

Yazarlar: Ali Faruk AÇIKGÖZ, Sudi APAK

Konular:-

Anahtar Kelimeler:Blockchain,Distributed Ledger,Liquidity,Trade credit

Özet: Referring to the famous analogy which explains blockchain concept as “A wants to transfer money to B” the study reverses it as “B wants to have trade credit from A” then the paradigm will rather be crediting not debiting. To what extent will a supplier allow trade credit upon request is a decision of accounts payable, but the extent to which a third party will offer more trade credit for the first borrower, will need a reconsideration of that customer’s liquidity which is restricted by the already held accumulation of trade credit and/or bank credit as a potential. Trade credit and bank credit are main liquidity developers in a typical supply chain. The study reveals the need for a distributed ledger of liquidity based on trade credit and proposes the use blockchain technology to create zones of private distributed ledgers for the liquidity based on trade credit. In the future, the suggested zones are expected to cooperate with government agencies and central bank in the challenge for eliminating informal transactions within the economy. Hence, trade credit in the short-term and relative liquidity indicators are presented in order to reveal the potential for an economy by giving evidence with the long-term data available in Turkey. The study depicts a conceptual proposal with the potential implications therein. Along with their blockchain challenge, the proposal in this study will strategically favor the commercial banks which consider investing on such a shared ledger of liquidity especially in trade credits on firm-level. 

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