Abstract
Blockchain was introduced as the underlying technology to enable cryptocurrency transactions among untrusted parties. Today, its transformative potential is often compared to that of the World Wide Web, and both practitioners and researchers across all domains are exploring how to utilise blockchain technology to address long-standing problems around data integrity, transparency, and trust. A significant number of research and case study findings indicate many industries are already exploring the diverse benefits of blockchain technology. Analysis of how other industries adopt blockchain could help to understand how to solve similar types of problems in the construction industry. This paper critically analyses the potential to use blockchain in the construction industry. Research findings show that the blockchain technology and its capabilities are mature enough to support many use cases in the construction industry, and the industry's inertia in adopting new technologies seems to be the only hurdle. Two major sectors where blockchain technology could have a greater and immediate impact include the building information modelling and supply chain management.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 43rd Australasian Universities Building Education Association (AUBEA) Conference: Built to Thrive: Creating Buildings and Cities that Support Individual Well-being and Community Prosperity, 6-8 November 2019, Noosa, QLD, Australia |
| Publisher | Central Queensland University |
| Pages | 662-672 |
| Number of pages | 11 |
| ISBN (Print) | 9781921047510 |
| Publication status | Published - 2019 |
| Event | Australasian Universities Building Education Association. Conference - Duration: 6 Nov 2019 → … |
Conference
| Conference | Australasian Universities Building Education Association. Conference |
|---|---|
| Period | 6/11/19 → … |
Keywords
- construction industry
- business logistics
- production management
- blockchains (databases)