The Potentials and Impacts of Blockchain Technology in Construction Industry: A Literature Review

Kiu, Mee San; Chia, Fah Choy; Fung, Wong Phui

doi:10.1088/1757-899x/495/1/012005

Cited by 33 publications

(21 citation statements)

References 8 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…With timed data, blockchain records the order of transactions and tracks data. The blockchain time sequence data feature can be used to track transaction information; this feature which can be widely used on the internet of things, is very inexpensive [ 29 ].…”

Section: Theoretical Foundationsmentioning

confidence: 99%

IoT–Blockchain: Harnessing the Power of Internet of Thing and Blockchain for Smart Supply Chain

Azizi

Malekzadeh

Akhavan

et al. 2021

Sensors

View full text Add to dashboard Cite

This study aims to build smart supply chains for the first time using the internet of things (IoT) and blockchain. Classification and clarification of causal relationships can provide a useful framework for researchers and professionals who seek to implement an intelligent supply chain using IoT tools in a blockchain platform, and it also demonstrates the intensity of communications indicating such relationships. The research methodology is mixed method, comprised of qualitative and quantitative methods. The qualitative method includes the Delphi method used for selecting indigenous components and features proper for the pattern. The quantitative method is the Dematel method used for assessing the relationships between the available concepts in the pattern and accessing the network structure between components. Interpretative Structural Modeling is also employed to classify the network structure obtained from the Dematel technique. The findings of the study identify indicators of IoT and blockchain as causes based on Dematel, application of tools, components interconnectedness, optimal decision making, automatedness, integration, innovation and learning, which are indicators of smart supply chain, are the effects in this study.

show abstract

Section: Theoretical Foundationsmentioning

confidence: 99%

IoT–Blockchain: Harnessing the Power of Internet of Thing and Blockchain for Smart Supply Chain

Azizi

Malekzadeh

Akhavan

et al. 2021

Sensors

View full text Add to dashboard Cite

show abstract

“…The harvested data from both databases was imported to the software and then processed and merged using BIBLIOMETRIX library functions. The software package was then used to extract the following bibliometric information from the provided data: (1) annual scientific production; (2) authors coupling; (3) average article citation per year; (4) average total citations per year; (5) co-citations network; (6)conceptual structure map; (7) country collaborations; (8) factorial map of most cited documents; (9) factorial map of the documents with the highest contributes; (10) keywords co-occurrences; (11) most productive authors; (12) most productive countries [3]. Not all the extracted information is analysed in this article due to the short time span of the assessment and to its small sample size.…”

Section: Paper Retrieval and Bibliometric Analysismentioning

confidence: 99%

“…San et al [9] claim that Blockchain has features which are needed in today's construction industry, such as (1) decentralisation; (2) autonomy; (3) peer-to-peer relationship; (4) record immutability; (5) time-stamping. These features can be used in five construction-related practices: (1) contract management; (2) Electronic Document Management (EDM); (3) BIM; (4) property management; (5) supply chain management.…”

Section: Blockchain and Constructionmentioning

confidence: 99%

“…These features can be used in five construction-related practices: (1) contract management; (2) Electronic Document Management (EDM); (3) BIM; (4) property management; (5) supply chain management. Consequently, the author believes that it will improve construction project workflow, time and cost utilisation, transparency and trust among project participants, construction projects data security, collaboration in international construction [9].…”

Section: Blockchain and Constructionmentioning

confidence: 99%

See 1 more Smart Citation

Risks and Opportunities for Reforming Construction with Blockchain: Bibliometric Study

Darabseh

Martins

2020

Civ Eng J

View full text Add to dashboard Cite

Emerging technologies are always treated with caution, and Blockchain is no exception to this rule. The AECO (Architecture, Engineering, Construction, and Operations) sector is considered conservative when it comes to technology adoption, which is often positive in an industry that deals with a vital commodity that could harm humans or result in catastrophe. However, excessive caution also stifles innovation, as shown in the industry’s low R&D expenditure when compared to other industrial activities. In recent years, the AECO sector has benefited from the adoption of new information management tools and systems that allow professionals to develop, share and store construction data more effectively. These tools have successfully tackled many of the traditional interoperability issues that have affected the industry, but several challenges remain unsolved. Indeed, effective real-world communication depends, not only on the compatibility between data formats and systems, but also on issues such as privacy, transparency, and trust. Blockchain has been adopted in different activities as a tool to address these issues, but its impact in the construction industry remains scarce. This paper presents a bibliometric study for the available literature on Blockchain implementation in the AECO sector. In addition to the bibliometric review, content analysis for the literature retrieved is presented to provide a clear vision of the current directions regarding Blockchain technology adoption. The purpose of this article is to evaluate the maturity of Blockchain in Construction literature using statistics based on the available bibliometrics in addition to content analysis. The main results show that although the number of articles about the use of Blockchain in Construction has increased, no studies that present ready to use solutions were found. Instead, the covered studies discuss the technical capabilities of the technology and suggest possible fields of implementation, such as smart contracts and automated payments. Study limitations include the limited amount of literature that can be found on major indexing services, which cover a relatively short reference period.

show abstract

“…Wang et al [12] and Dakhli et al [13] described the potential applications of blockchain in the construction sector. San et al [14] identified the potential uses and implications of blockchain applications in the construction industry. Yang et al [11] illustrated the process, benefits, and challenges of adopting private and public blockchains in the construction domain through a pilot study.…”

Section: Introductionmentioning

confidence: 99%

When Blockchain Meets the AEC Industry: Present Status, Benefits, Challenges, and Future Research Opportunities

Cheng¹,

Liu²,

Xu³

et al. 2021

Buildings

View full text Add to dashboard Cite

Blockchain is regarded as a potential technology for transforming the architecture, engineering, and construction (AEC) industry, and the number of related publications is increasing rapidly. However, a systematic review of blockchain applications in the AEC industry is lacking. The objective of this study was to review the current status of blockchain applications via a bibliometric analysis combined with a systematic literature review. According to related articles collected from databases, the present status of blockchain was analysed with regard to the distribution of articles over publication years, journals, institutions, countries, cooperation networks between authors, keyword co-occurrence networks, and research methodologies. The results indicated that research on blockchain applications is still relatively new and fragmented with regard to several topics. Five areas of benefit were identified: (i) supply chain management, (ii) contract management, (iii) information management, (iv) stakeholder management, and (v) integration management. On the basis of the technology–organisation–environment framework, nine types of challenges were identified. Future research opportunities were proposed according to the research findings. This study contributes to the current body of knowledge and provides guidelines for further research on blockchain applications in the AEC industry.

show abstract

The Potentials and Impacts of Blockchain Technology in Construction Industry: A Literature Review

Cited by 33 publications

References 8 publications

IoT–Blockchain: Harnessing the Power of Internet of Thing and Blockchain for Smart Supply Chain

IoT–Blockchain: Harnessing the Power of Internet of Thing and Blockchain for Smart Supply Chain

Risks and Opportunities for Reforming Construction with Blockchain: Bibliometric Study

When Blockchain Meets the AEC Industry: Present Status, Benefits, Challenges, and Future Research Opportunities

Contact Info

Product

Resources

About