The Implication of Blockchain as a Disruptive Technology for Construction Industry

Mohita Gangwar Sharma and Sunil Kumar

IIM Kozhikode Society & Management Review, 2020, vol. 9, issue 2, 177-188

Abstract: Adoption of blockchain technology has been widely construed as disruptive. Blockchain is a distributed ledger technology. It is secure by design because of its cryptography and distributed consensus mechanism, which also offers anonymity, persistence, auditability and resilience. The construction industry adopts a project-based approach and globally has been considered as a fragmented sector, predominantly in unorganised space. Given these characteristics, the technology adoption has been slow. This study looks at the challenges and adopts interpretive structural modelling technique to understand the linkages between these barriers. This study can provide managerial insights into designing strategies for overcoming the barriers for adoption of this disruptive technology.

Keywords: Blockchain; construction; project management; MCDM; interpretive structural modelling (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:iimkoz:v:9:y:2020:i:2:p:177-188

DOI: 10.1177/2277975220932343

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