A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Developing a Conceptual Framework to Implement Distributed Ledged Technology (DLT) in Construction Industry
https://orcid.org/https://orcid.org/0000-0001-7443-4723
Extant literature accentuates the potential of blockchain in the Architectural, Engineering, and Construction (AEC) industry and its prospective to be integrated into the construction projects to automate financial transactions; for better transparency, security, and control. Existing research highlights that permissioned blockchain can work as a platform to create a business network among project participants due to its features being consistent with the construction industry nature. This paper introduces a framework to integrate permissioned blockchain, particularly Hyperledger fabric, into the construction delivery stages. The proposed framework includes specific steps demonstrating the requirements to build a network within the pre-construction, construction, and closeout stages. Furthermore, the proposed framework reveals the flow of financial transactions throughout the proposed financial system. Due to the Building Information Modelling/Management (BIM) capabilities and cost planning. Therefore, the framework identifies the required data from 4D/5D BIM to enter the blockchain financial system. A systematic literature review highlighted the advantages of using blockchain in the construction industry and identified the appropriate blockchain platform. Furthermore, industry practitioners can use the framework to identify the architecture of smart contracts (chaincode) in the construction industry, such as articulating endorsement and validation policies. Finally, the outcome of this chapter will be used to develop a proof of concept prototype to test and validate the applicability of the proposed conceptual framework through its application to a real case study.
Developing a Conceptual Framework to Implement Distributed Ledged Technology (DLT) in Construction Industry
https://orcid.org/https://orcid.org/0000-0001-7443-4723
Extant literature accentuates the potential of blockchain in the Architectural, Engineering, and Construction (AEC) industry and its prospective to be integrated into the construction projects to automate financial transactions; for better transparency, security, and control. Existing research highlights that permissioned blockchain can work as a platform to create a business network among project participants due to its features being consistent with the construction industry nature. This paper introduces a framework to integrate permissioned blockchain, particularly Hyperledger fabric, into the construction delivery stages. The proposed framework includes specific steps demonstrating the requirements to build a network within the pre-construction, construction, and closeout stages. Furthermore, the proposed framework reveals the flow of financial transactions throughout the proposed financial system. Due to the Building Information Modelling/Management (BIM) capabilities and cost planning. Therefore, the framework identifies the required data from 4D/5D BIM to enter the blockchain financial system. A systematic literature review highlighted the advantages of using blockchain in the construction industry and identified the appropriate blockchain platform. Furthermore, industry practitioners can use the framework to identify the architecture of smart contracts (chaincode) in the construction industry, such as articulating endorsement and validation policies. Finally, the outcome of this chapter will be used to develop a proof of concept prototype to test and validate the applicability of the proposed conceptual framework through its application to a real case study.
Developing a Conceptual Framework to Implement Distributed Ledged Technology (DLT) in Construction Industry
https://orcid.org/https://orcid.org/0000-0001-7443-4723
Extant literature accentuates the potential of blockchain in the Architectural, Engineering, and Construction (AEC) industry and its prospective to be integrated into the construction projects to automate financial transactions; for better transparency, security, and control. Existing research highlights that permissioned blockchain can work as a platform to create a business network among project participants due to its features being consistent with the construction industry nature. This paper introduces a framework to integrate permissioned blockchain, particularly Hyperledger fabric, into the construction delivery stages. The proposed framework includes specific steps demonstrating the requirements to build a network within the pre-construction, construction, and closeout stages. Furthermore, the proposed framework reveals the flow of financial transactions throughout the proposed financial system. Due to the Building Information Modelling/Management (BIM) capabilities and cost planning. Therefore, the framework identifies the required data from 4D/5D BIM to enter the blockchain financial system. A systematic literature review highlighted the advantages of using blockchain in the construction industry and identified the appropriate blockchain platform. Furthermore, industry practitioners can use the framework to identify the architecture of smart contracts (chaincode) in the construction industry, such as articulating endorsement and validation policies. Finally, the outcome of this chapter will be used to develop a proof of concept prototype to test and validate the applicability of the proposed conceptual framework through its application to a real case study.
Developing a Conceptual Framework to Implement Distributed Ledged Technology (DLT) in Construction Industry
Elghaish, Faris (author) / Pour Rahimian, Farzad (author) / Brooks, Tara (author) / Dawood, Nashwan (author) / Abrishami, Sepehr (author)
Blockchain of Things and Deep Learning Applications in Construction ; Chapter: 4 ; 67-82
2022-07-10
16 pages
Article/Chapter (Book)
Electronic Resource
English
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