A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Blockchain Technology Innovation in Supply Chain Management: Perception of Construction Stakeholders in Developing Countries
The construction industry’s high fragmentation, especially in its supply chain, has long suffered from ineffective communication between the multiple parties involved, which has led to sharing false and undated documents, thereby losing trust and causing delays to the project. Blockchain technology, disruptive technology, has been identified to solve these problems and significantly increase project productivity and performance through proper monitoring, transparency, and traceability of materials during construction. The purpose of this study is to investigate the level of awareness of stakeholders within the Construction Supply Chain Management (CSCM) about the adoption of Blockchain technology and its applications. Literature was reviewed on blockchain technology and its application in the construction industry. At the same time, data collection was collected using a quantitative approach (questionnaire) targeting 178 Contractors and Suppliers in Lagos, Nigeria. The collected data were analysed using descriptive analysis by calculating the Mean item score (MIS) and standard deviations. Mann-Whitney U-test was also used to check if a statistically significant difference exists between the views of contractors and suppliers. Data collected were analysed using SPSS. The study revealed that even though stakeholders are familiar with some aspects of blockchain, such as cryptocurrency, they are not extensively aware of the application and potential of blockchain technology in the construction industry, especially in construction supply chain management and logistics management. Therefore, this research recommends that Government and policymakers of emerging economies should stimulate awareness through training and promotion to facilitate investment readiness. Also, they should invest in research and development for blockchain innovation and new solutions on identified case studies.
Blockchain Technology Innovation in Supply Chain Management: Perception of Construction Stakeholders in Developing Countries
The construction industry’s high fragmentation, especially in its supply chain, has long suffered from ineffective communication between the multiple parties involved, which has led to sharing false and undated documents, thereby losing trust and causing delays to the project. Blockchain technology, disruptive technology, has been identified to solve these problems and significantly increase project productivity and performance through proper monitoring, transparency, and traceability of materials during construction. The purpose of this study is to investigate the level of awareness of stakeholders within the Construction Supply Chain Management (CSCM) about the adoption of Blockchain technology and its applications. Literature was reviewed on blockchain technology and its application in the construction industry. At the same time, data collection was collected using a quantitative approach (questionnaire) targeting 178 Contractors and Suppliers in Lagos, Nigeria. The collected data were analysed using descriptive analysis by calculating the Mean item score (MIS) and standard deviations. Mann-Whitney U-test was also used to check if a statistically significant difference exists between the views of contractors and suppliers. Data collected were analysed using SPSS. The study revealed that even though stakeholders are familiar with some aspects of blockchain, such as cryptocurrency, they are not extensively aware of the application and potential of blockchain technology in the construction industry, especially in construction supply chain management and logistics management. Therefore, this research recommends that Government and policymakers of emerging economies should stimulate awareness through training and promotion to facilitate investment readiness. Also, they should invest in research and development for blockchain innovation and new solutions on identified case studies.
Blockchain Technology Innovation in Supply Chain Management: Perception of Construction Stakeholders in Developing Countries
Aigbavboa, Clinton (editor) / Thwala, Wellington (editor) / Aghimien, Douglas (editor) / Adegbembo, Taiwo F. (author) / Akinrolade, Rotimi (author) / Aghimien, Douglas (author)
Construction Industry Development Board Postgraduate Research Conference ; 2022 ; Eastern Cape, South Africa
Towards a Sustainable Construction Industry: The Role of Innovation and Digitalisation ; Chapter: 13 ; 122-131
2023-04-24
10 pages
Article/Chapter (Book)
Electronic Resource
English
| TIBKAT | 2022