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Preparing Construction Supply Chains for Blockchain: An Exploratory Analysis
University of Huddersfield.
University College London.
Jönköping University, School of Engineering, JTH, Civil Engineeering and Lighting Science. (Construction Engineering)ORCID iD: 0000-0003-4288-9904
Jönköping University, School of Engineering, JTH, Supply Chain and Operations Management.ORCID iD: 0000-0002-8305-4412
2019 (English)Conference paper, Published paper (Refereed)
Sustainable development
Sustainable Development
Abstract [en]

Blockchain, a peer-to-peer controlled, distributed database structure, has the potential to profoundly affect the current business transactions in the construction industry through smart contracts, cryptocurrencies, and reliable asset tracking. The construction industry has often been criticized for being slow in embracing emerging technologies and not effectively diffusing those technologies 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 makes its presence felt strongly in many other industries like finance and banking, this paper investigates how to prepare 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 SWOT (strengths, weaknesses opportunities, threats) analysis, the paper exhibits the requirements for and steps toward a construction supply structure facilitated by Blockchain.

Place, publisher, year, edition, pages
2019. Vol. 6
Keywords [en]
Blockchain, Smart Contract, Supply Chain Management, Project Management, SWOT
National Category
Engineering and Technology
Identifiers
URN: urn:nbn:se:hj:diva-44671OAI: oai:DiVA.org:hj-44671DiVA, id: diva2:1327247
Conference
CIB World Building Congress 2019 Constructing Smart Cities, Hong Kong SAR, China, 17 – 21 June 2019
Projects
The research project “Toward Blockchain-enabled Construction Supply Chains: Potential, Requirements and Implementation” funded by the Centre for Digital Built Britain, under InnovateUK grant number 90066.Available from: 2019-06-19 Created: 2019-06-19 Last updated: 2019-06-25

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fulltext(314 kB)116 downloads
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Type fulltextMimetype application/pdf

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CiteExportLink to record
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Citation style
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