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Preparing construction supply chains for blockchain technology: An investigation of its potential and future directions
Department of Architecture and 3D Design, Huddersfield University, Huddersfield, UK.
The Bartlett School of Construction and Project Management, University College London, London, UK.
Jönköping University, School of Engineering, JTH, Civil Engineering and Lighting Science.ORCID iD: 0000-0003-4288-9904
Jönköping University, School of Engineering, JTH, Industrial Product Development, Production and Design.ORCID iD: 0000-0002-8305-4412
2020 (English)In: Frontiers of Engineering Management, ISSN 2096-0255Article in journal (Refereed) Epub ahead of print
Sustainable development
Sustainable Development
Abstract [en]

Blockchain, a peer-to-peer, controlled, distributed database structure, has the potential to profoundly affect current business transactions in the construction industry through smart contracts, cryptocurrencies, and reliable asset tracking. The construction industry is often criticized for being slow in embracing emerging technologies and not effectively diffusing them through its supply chains. Often, the extensive fragmentation, traditional procurement structures, destructive competition, lack of collaboration and transparency, low-profit margins, and human resources are shown as the main culprits for this. As blockchain technology makes its presence felt strongly in many other industries like finance and banking, this study investigates the preparation of construction supply chains for blockchain technology through an explorative analysis. Empirical data for the study were collected through semi-structured interviews with 17 subject experts. Alongside presenting a strengths, weaknesses, opportunities, and threats analysis (SWOT), the study exhibits the requirements for and steps toward a construction supply structure facilitated by blockchain technology.

Place, publisher, year, edition, pages
Springer, 2020.
Keywords [en]
blockchain, smart contract, supply chain management, project management, construction
National Category
Production Engineering, Human Work Science and Ergonomics
Identifiers
URN: urn:nbn:se:hj:diva-48440DOI: 10.1007/s42524-020-0110-8Local ID: HOA JTH 2020; JTHByggnadsteknikIS,JTHIndustriellISOAI: oai:DiVA.org:hj-48440DiVA, id: diva2:1430983
Available from: 2020-05-18 Created: 2020-05-18 Last updated: 2020-05-18

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Yitmen, IbrahimHilletofth, Per

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1314151617181916 of 71
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