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Preparing Construction Supply Chains for Blockchain: An Exploratory Analysis
Högskolan i Jönköping.ORCID iD: 0000-0002-8305-4412
2019 (English)In: Proceedings of the CIB World Building Congress 'Construting Smart Cities'. International Council for Research and Innovation in Building and Construction (CIB): Hong Kong, China, 2019, Vol. 6Conference paper, Published paper (Refereed)
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, Engineering and Technology, Teknik och teknologier
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:hig:diva-31745OAI: oai:DiVA.org:hig-31745DiVA, id: diva2:1394194
Conference
CIB World Building Congress 'Construting Smart Cities'. International Council for Research and Innovation in Building and Construction (CIB): Hong Kong, China, 17-21 June 2019
Available from: 2020-02-18 Created: 2020-02-18 Last updated: 2020-03-06Bibliographically approved

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CiteExportLink to record
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Cite
Citation style
  • apa
  • harvard-cite-them-right
  • ieee
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  • Other style
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Language
  • sv-SE
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  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • de-DE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf