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EXPLORING APPLICATIONS OF BLOCKCHAIN TECHNOLOGY IN THE CONSTRUCTION INDUSTRY |
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| รหัสดีโอไอ | |
| Title | EXPLORING APPLICATIONS OF BLOCKCHAIN TECHNOLOGY IN THE CONSTRUCTION INDUSTRY |
| Creator | Alireza Shojaei |
| Contributor | Didem Ozevin, Hossein Ataei, Mehdi Modares, Asli Pelin Gurgun, Siamak Yazdani, Amarjit Singh |
| Publisher | ISEC PRESS |
| Publication Year | 2562 |
| Keyword | Smart contract, Information technology, Supply chain management, BIM, Circular economy, Facility management |
| Abstract | Blockchain provides a secure decentralized information management system that can solve many common problems facing the construction industry. The loose structure of the construction industry, the way that public and private projects are tendered, and the supply chain system it uses for material and service delivery provide unique challenges and problems. New information technology management systems such as BIM and RFID are used to address some of these issues, though not completely. Blockchain technology can be used to further improve the information management systems in construction, provide more automation and mitigate many possible legal conflicts by default. Implementation of blockchain technology in the construction industry can also result in the use of smart contracts with fewer administrative struggles, improve the flow of the project, material, and service delivery, and increase the security and currentness of BIM or project documents. This study aims to explore the applications of blockchain technology in improving the construction industry's information management systems. It is concluded that not only the blockchain technology has potential in addressing some of the common problems in the construction industry but also it is adaptable to the construction industry structure and the way it is practiced. Thus, blockchain technology is a viable option for adaptation in the construction industry. |
| ISBN | 978-0-9960437-6-2 |
| Language | English |
| URL Website | https://www.isec-society.org/ |
| Website title | ISEC Society |
