Convergence research into the applicability of smart contracts in construction projects

Hakan Altay, Zhen Chen, Andrew Agapiou, Branka Dimitrijevic

Research output: Chapter in Book/Report/Conference proceedingOther chapter contribution

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Abstract

This study presents a new research into the applicability of smart contract approach (SCA) in construction projects, and it consists of two parts, including the identification of limitations and challenges associated with traditional construction contract approach in comparison with the SCA, and the establishment of a conceptual framework to facilitate further research and development in adopting SCA at tactical and operational level in construction projects. The study adopted a systematic literature review first to identify limitations and challenges to adopting SCA in construction projects, and then a system analysis and design to establish a conceptual framework in response to identified limitations and challenges at strategic level. This study shows a list of identified limitations and challenges of traditional construction contract approach in the digital construction era, and a strategic framework as one technical solution to overcome the limitations and to tackle the challenges. This study presents a list of limitations and challenges that traditional construction contract approach has in the digital construction era and a strategic resolution to adopting SCA in construction projects. These research outcomes are practice oriented with connections to further research, development and practice in relation to SCA. This research establishes a connection between the identified limitations and challenges of traditional construction contract approach and the adoption of SCA at strategic level. This connection including the strategic framework can well inform further research into tactical and operational solutions for adopting SCA in the digital construction era.
Original languageEnglish
Title of host publication5th CU Construction Conference 2021 : Exploring Contemporary Issues and Challenges in the Construction Industry
Place of PublicationCoventry, UK
Pages32
Number of pages1
Publication statusPublished - 17 Mar 2021
EventCU Construction Conference 2021: Exploring Contemporary Issues and Challenges in the Construction Industry - Coventry University, Coventry, United Kingdom
Duration: 17 Mar 202117 Mar 2021
Conference number: 5th
https://wp.coventry.domains/ccc2021/

Conference

ConferenceCU Construction Conference 2021
Abbreviated titleCCC2021
Country/TerritoryUnited Kingdom
CityCoventry
Period17/03/2117/03/21
Internet address

Keywords

  • convergence research
  • smart contract
  • construction project
  • applicability study

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  • Megaproject Management

    Chen, Z. (Main contact)

    Impact: Professional practice, training and standards, Public understanding, information and debate, Education

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