The Innovative Pattern of Bulk Commodity Supply Chain Based on Internet Finance

The development of electronic bulk commodity trading market is booming in China at present. The role of supply chain finance (SCF) financing business is increasingly important in commodities trading. It can solve the problem of financing difficulties, reduce financing costs and raise the efficiency of the trade by supply chain finance. With the flourish of Internet technology, such as E-commerce, Internet of things, big data, cloud computing and so on, supply chain finance has turned into the online financial supply chain from offline to online. As a new financial pattern, Internet Finance (ITFIN) is also appeared because of the organic collection of Internet technology and the financial function. This paper analyzes the pattern of Internet finance, the situation of electronic bulk commodity trading market and developmental history of bulk commodity chain finance in China. Finally it proposes the financial innovative pattern of SCF + ITFIN.