Multi-Party Evolutionary Game Analysis of Accounts Receivable Financing under the Application of Central Bank Digital Currency

Accounts receivable financing is one of the most prominent approaches in supply chain finance; nevertheless, actual process, financial institutions and SMEs have credit risk information asymmetry risk, which leads to frequent nonpayment collaboration fraudulent loans. This paper introduces central bank digital currency into traditional accounts solves using two technologies currency: technology blockchain technology; enables supervision capital flow, for access logistics flow. In context technology, this builds an evolutionary game model whether use repay loan, compares stabilization strategies SMEs, calculates analyzes model’s impact, investigates changes decision-making paths both parties, then conducts numerical simulation analysis Matlab Python verify reliability further. According results, adding can reduce loan institutions, increase credibility financing, expedite implementation alleviate concerns SMEs.