Blockchain Technology for Projects: A Multicriteria Decision Matrix

Lu, Weisheng; Wu, Liupengfei; Xue, Fan

doi:10.1177/87569728211061780

Cited by 21 publications

(7 citation statements)

References 53 publications

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“…The second form of blockchain technology is private blockchain, which is a permissioned network in which only registered users are permitted to join [81]. Private blockchains like Hyperledger Fabric and Corda are chosen for accounting for virtual assets because of their high security and scalability [82]. Businesses regularly employ private blockchains to carry out complex financial operations, including trade finance and supply chain management [83].…”

Section: ) Types Of Blockchain Technology Used In Accounting Formentioning

confidence: 99%

Blockchain Technology and Virtual Asset Accounting in the Metaverse: A Comprehensive Review of Future Directions

AL-Hawamleh,

Altarawneh,

Hikal

et al. 2024

IJCDS

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This research focuses on the metaverse's evolving trend and the potential application of blockchain technology in the accounting of virtual assets in this digital domain. The metaverse introduces a new economy in which users may earn real-world revenue through virtual activities, necessitating the need for efficient and dependable virtual asset accounting. Blockchain technology, with its decentralized and immutable record, appears to be a viable answer to these problems. This paper discusses the present status of blockchain technology for accounting for virtual assets in the metaverse as well as its potential role for businesses and the economy. It also determines the technology's issues and limits and makes recommendations for further development. The approach of this study is based on a comprehensive review of the existing literature on the interactions between blockchain technology, virtual asset accounting, and the metaverse. The findings indicate that blockchain technology has the potential to transform virtual asset accounting in the metaverse by improving security, transparency, and consistency. However, scalability and legal/regulatory issues must be overcome before it can completely achieve its promise. Accounting experts, developers, and stakeholders interested in the convergence of blockchain technology and the metaverse economy will find this paper useful.

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Section: ) Types Of Blockchain Technology Used In Accounting Formentioning

confidence: 99%

Blockchain Technology and Virtual Asset Accounting in the Metaverse: A Comprehensive Review of Future Directions

AL-Hawamleh,

Altarawneh,

Hikal

et al. 2024

IJCDS

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“…According to the work of Öztürk and Yildizbaşi [55], MCDA is useful to identify the most relevant barriers to the integration of blockchains into supply chain management. Differently, some authors ideated a multicriteria-based approach to support decisionmaking for the design of blockchain applications [56]. This research proposes a method to identify and analyze multiple criteria and compare different blockchain platforms, defining an adaptability index.…”

Section: Multicriteria Decision Analysismentioning

confidence: 99%

“…Once the criteria have been defined, they have been filtered according to their occurrence in the five documents, as shown in Table A1 [56][57][58][59][60]. A criterion is selected if it appears in at least half of the works analyzed (three out of five).…”

Section: Identification Of Critical Criteriamentioning

confidence: 99%

Digitalizing Circular Economy through Blockchains: The Blockchain Circular Economy Index

Basile

D’Adamo

Goretti

et al. 2023

Journal of Industrial and Production Engineering

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The integration of circular economy (CE) models into everyday contexts generates huge amount of data involved in goods tracking and tokenization procedures. The sector of blockchain platforms is extremely varied, and the choice of the proper technology is not easy. It is important that the selection is conducted consistently with respect to the CE models. With this study, we present a performance index named Blockchain Circular Economy Index (BCEI). BCEI, obtained through Multicriteria Decision Analysis and Analytic Hierarchy Process, aims to measure the suitability of blockchain platforms to the needs highlighted by a CE scenario. The present study is contextualized by comparing six blockchain platforms, for each of which, the related BCEI is calculated. The results of the analysis show that transaction fee and energy consumption are the two most critical parameters. In addition, the results show the lack of a leading blockchain technology in CE models. Thus, there is a market space that can be exploited given the growing interest in digital and sustainable issues.

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“…Several studies focused on adopting specific industry 4.0 technologies in the construction industry from either an implementation perspective or the impact on project management. For example, Lu et al (2022) studied blockchain adoption in projects. Holzmann et al (2022) studied the use of artificial intelligence.…”

Section: Studies On Individual Technologiesmentioning

confidence: 99%

Strategies for digital transformation in construction projects: stakeholders' perceptions and actor dynamics for Industry 4.0

Dolla¹,

Jain²,

Delhi³

2023

ITcon

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This study explores and presents the roadmap of industry 4.0 for the Indian construction industry with particular reference to project management practices. Accordingly, this study explores stakeholder dynamics for adopting digital technologies in the construction sector, especially those affecting construction project management. The study adopted one focus group with five participating panellists that provided the qualitative data. This is followed by a questionnaire survey with wider practitioners from the public and private sectors to validate the findings and rank the hypothesis to enable the implementation. Based on a focus group, this study proposes thirteen hypotheses describing stakeholders' dynamics. Furthermore, based on the questionnaire survey validation, this study finds that the top four strategies are stakeholder integration, process re-engineering, training activities, and the need to generate federated data. We interpret the journey of industry 4.0 in the construction industry as having its effect from at least four perception frames: redundancy, accommodation, amplification, and introduction. Practitioners can make process changes in their organisations while delivering projects using industry 4.0 in the construction sector. The findings are contextual to the Indian construction industry. While there is a richness of data that emanated from experienced practitioners, future case studies could enhance the applicability of the findings. The article takes a visionary stand to enable practical aspects of adopting industry 4.0 in its full measure.

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Blockchain Technology for Projects: A Multicriteria Decision Matrix

Cited by 21 publications

References 53 publications

Blockchain Technology and Virtual Asset Accounting in the Metaverse: A Comprehensive Review of Future Directions

Blockchain Technology and Virtual Asset Accounting in the Metaverse: A Comprehensive Review of Future Directions

Digitalizing Circular Economy through Blockchains: The Blockchain Circular Economy Index

Strategies for digital transformation in construction projects: stakeholders' perceptions and actor dynamics for Industry 4.0

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