Invoice smart contracts for design SMEs.

Youngson, Lee; Dounas, Theodoros

Abstract

In recent years, Blockchain technology has evolved from its original application in cryptocurrency and can now be used for applications such as Smart Contracts. Smart Contracts automatically excecute transactions without the need for a central authority however there are very few use cases of the technology, particularly amongst UK AEC Design SMEs. This paper uses a hybrid method approach which combines questionnaires with semistructured interviews to create a framework which showcases how a Smart Contract invoicing process could work for Design SMEs. This could create an automated invoicing process which is more efficient and reduces the risk of late or non-paymnet.

Citation

YOUNGSON, L.M. and DOUNAS, T. 2021. Invoice smart contracts for design SMEs. In Hall, D.M., Chassiakos, A., O'Donnell, J., Nikolic, D. and Xenides, Y. (eds.) Proceedings of the 2021 Conference of European Council on computing in construction (EC3 2021), 26-28 July 2021, [virtual event]. Zurich: European Council for Computing in Construction [online], pages 2-10. Available from: https://doi.org/10.35490/EC3.2021.173

• Conference Name: 2021 European conference on computing in construction (2021 EC3)
• Conference Location: [virtual event]
• Start Date: Jul 26, 2021
• End Date: Jul 28, 2021
• Acceptance Date: Mar 1, 2021
• Online Publication Date: Dec 31, 2021
• Publication Date: Dec 31, 2021
• Deposit Date: May 14, 2024
• Publicly Available Date: May 14, 2024
• Publisher: European Council on Computing in Construction
• Pages: 2-9
• Series Title: Proceedings of the European conference on computing in construction
• Series ISSN: 2684-1150
• ISBN: 9783907234549
• DOI: https://doi.org/10.35490/EC3.2021.173
• Keywords: Blockchain technology; Cryptocurrency; Smart contracts; Design SMEs
• Public URL: https://rgu-repository.worktribe.com/output/2159138