TY - GEN
T1 - Applications of Blockchain Technology in the Construction Industry
AU - Akinradewo, Opeoluwa
AU - Aigbavboa, Clinton
AU - Oke, Ayodeji
AU - Mthimunye, Innocent
N1 - Publisher Copyright:
© 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.
PY - 2021
Y1 - 2021
N2 - Modern technology can be used to transform buildings and infrastructure that we live in. The ability of blockchain technologies to record, enable and secure large amount and types of transactions makes it an important technological innovation of the 21st century. Several studies have been carried out to review the applications of blockchain technology in the construction industry. However, these studies were limited to literature reviews with no empirical data to back up the submissions. To this end, this study evaluates the different applications of blockchain technology in the construction industry. To achieve this, a well-structured questionnaire survey of building professionals (Quantity surveyors, architects, engineers, construction managers) and information technology experts was undertaken. Retrieved data was analysed using descriptive statistics. Findings revealed that blockchain technology can be very useful in contract management, supply chain management, blockchain-based BIM, financial management among other applications in the construction industry.
AB - Modern technology can be used to transform buildings and infrastructure that we live in. The ability of blockchain technologies to record, enable and secure large amount and types of transactions makes it an important technological innovation of the 21st century. Several studies have been carried out to review the applications of blockchain technology in the construction industry. However, these studies were limited to literature reviews with no empirical data to back up the submissions. To this end, this study evaluates the different applications of blockchain technology in the construction industry. To achieve this, a well-structured questionnaire survey of building professionals (Quantity surveyors, architects, engineers, construction managers) and information technology experts was undertaken. Retrieved data was analysed using descriptive statistics. Findings revealed that blockchain technology can be very useful in contract management, supply chain management, blockchain-based BIM, financial management among other applications in the construction industry.
KW - Blockchain technology
KW - Construction industry
KW - Distributed ledger technology
KW - Innovative technology
KW - Modern technology
UR - http://www.scopus.com/inward/record.url?scp=85112200766&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-80094-9_33
DO - 10.1007/978-3-030-80094-9_33
M3 - Conference contribution
AN - SCOPUS:85112200766
SN - 9783030800932
T3 - Lecture Notes in Networks and Systems
SP - 275
EP - 282
BT - Advances in Creativity, Innovation, Entrepreneurship and Communication of Design - Proceedings of the AHFE 2021 Virtual Conferences on Creativity, Innovation and Entrepreneurship, and Human Factors in Communication of Design, 2021
A2 - Markopoulos, Evangelos
A2 - Goonetilleke, Ravindra S.
A2 - Ho, Amic G.
A2 - Luximon, Yan
PB - Springer Science and Business Media Deutschland GmbH
T2 - AHFE Conferences on Creativity, Innovation and Entrepreneurship, and Human Factors in Communication of Design, 2021
Y2 - 25 July 2021 through 29 July 2021
ER -
