Blockchain in construction industry: challenges and opportunities.

Hamma-adama, Mansur; Salman, Huda; Kouider, Tahar

Abstract

Construction Industry is currently evolving around the world. On the other hand, despite the technological advancement across most sectors, construction industry remains amongst laggards in digitalization. Currently, engineering business is facing technological disruption ahead of the fourth industrial revolution; one of which is the blockchain technology! Blockchain is new to construction industry, its challenges and opportunities are yet to be fully realized. This study explores the challenges and potential opportunities of blockchain in the construction industry through extensive review of literature within the blockchain domain vis-à-vis construction business domain. The study presents challenges under three categories (technical, regulation and social), and the potential opportunities in to improving efficiency and reducing conflict through transparency and trust. That will ultimately create value for money in the procurement of construction works. Recommendations are made based on the study finding to advance the research on blockchain applications in to the construction industry.

Citation

HAMMA-ADAMA, M., SALMAN, H. and KOUIDER, T. 2020. Blockchain in construction industry: challenges and opportunities. To be presented at 2020 International engineering conference and exhibition (IECE 2020), 2-5 March 2020, Riyadh, Saudi Arabia.

• Presentation Conference Type: Conference Paper (unpublished)
• Conference Name: 2020 International engineering conference and exhibition (IECE 2020)
• Conference Location: Riyadh, Saudi Arabia
• Start Date: Mar 2, 2020
• End Date: Mar 5, 2020
• Deposit Date: Sep 1, 2020
• Publicly Available Date: Sep 1, 2020
• Keywords: Blockchain; Challenges; Construction; Industry; Opportunities
• Public URL: https://rgu-repository.worktribe.com/output/828858