Smart Contract Application in Resisting Extreme Weather Risks for the Prefabricated Construction Supply Chain: Prototype Exploration and Assessment

Zhu-Jun Wang (), Yangyang Sun (), Qin Su (), Muhammet Deveci (), Kannan Govindan (), Mirosław J. Skibniewski () and Zhen-Song Chen ()
Additional contact information
Zhu-Jun Wang: Xi’an Jiaotong University
Yangyang Sun: Nanjing University of Science and Technology
Qin Su: Xi’an Jiaotong University
Muhammet Deveci: National Defence University
Kannan Govindan: Shanghai Maritime University
Mirosław J. Skibniewski: University of Maryland
Zhen-Song Chen: Wuhan University

Group Decision and Negotiation, 2024, vol. 33, issue 5, No 6, 1049-1087

Abstract: Abstract The increasing frequency of extreme weather (EW) events has created significant vulnerabilities in the normal operations of the prefabricated construction supply chain (PCSC). This study aims to enhance the resilience of the PCSC against EW by utilizing smart contracts. The study proposes a prototype smart contract application to mitigate the risks posed by EW to the PCSC. Additionally, it identifies 28 potential barriers affecting smart contract adoption in the PCSC using the Technology-Organization-Environment framework. Furthermore, the paper presents a multi-objective optimization-based group decision-making method to assess the feasibility of smart contract adoption in the PCSC. An online survey was then conducted among 50 stakeholders from various links of the PCSC to gather insights into smart contract adoption. The results indicate that stakeholder awareness of smart contracts and the current corporate level are the most influential factors in decision-making. This research extends the application of smart contracts to risk management within the PCSC, offering valuable insights for stakeholders to enhance resilience and address the adverse effects of EW proactively.

Keywords: Prefabricated construction; Smart contract; Extreme weather; Risk management; Group decision making (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10726-024-09877-x Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:grdene:v:33:y:2024:i:5:d:10.1007_s10726-024-09877-x

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10726/PS2

DOI: 10.1007/s10726-024-09877-x

Access Statistics for this article

Group Decision and Negotiation is currently edited by Gregory E. Kersten

More articles in Group Decision and Negotiation from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().