Abstract
Current construction engineering management suffers numerous challenges in terms of the trust, information sharing, and process automation. Blockchain which is a decentralised transaction and data management technology, has attracted increasing interests from both academic and industrial aspects since 2008. However, most of the existing research and practices are focused on the blockchain itself (i.e. technical challenges and limitations) or its applications in the finance service sector (i.e. Bitcoin). This paper aims to investigate the potential of applying blockchain technology in the construction sector. Three types of blockchain-enabled applications are proposed to improve the current processes of contract management, supply chain management, and equipment leasing, respectively. Challenges of blockchain implementation are also discussed in this paper.
| Original language | English |
|---|---|
| Pages (from-to) | 67-75 |
| Number of pages | 9 |
| Journal | Frontiers of Engineering Management |
| Volume | 4 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2017 |
Open Access - Access Right Statement
© The Author(s) 2017. Published by Higher Education Press. This is an open access article under the CC BY license (http:// creativecommons.org/licenses/by/4.0)Keywords
- blockchains (databases)
- engineering
- industrial equipment leases
- management
- supply chain management