Abstract:
Due to the increasingly complex nature of large-scale structural engineering projects, there is an increasing focus on the adoption and integration of technology. However...Show MoreMetadata
Abstract:
Due to the increasingly complex nature of large-scale structural engineering projects, there is an increasing focus on the adoption and integration of technology. However, the construction sector tends to be further behind than most when it comes to the adoption of process-based innovative technologies. On the other hand, the decentralised, peer-to-peer principles of blockchain technology has recently attracted interest from a range of industries around the globe who are attempting to improve their business practices. This paper provides insights into the performance capabilities of blockchain technology in the construction industry and the feasibility of its potential adoption through use cases. It explores smart contract applications and the feasibility of integrating the technology with building information modelling and information management. Furthermore, the paper argues that blockchain technology has the potential to significantly increase the efficiency of processes within the construction industry and eliminate issues surrounding trust, transparency and verification currently experienced in the sector.
Published in: 2019 IEEE International Conference on Engineering, Technology and Innovation (ICE/ITMC)
Date of Conference: 17-19 June 2019
Date Added to IEEE Xplore: 12 August 2019
ISBN Information: