Exploring the potentials of blockchain application in construction industry: a systematic review

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

doi:10.1080/15623599.2020.1833436

Cited by 55 publications

(35 citation statements)

References 43 publications

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“…Although blockchain is relatively new technology its innovative character has drawn the attention of many researchers around the world. There are already several literature review studies (Erri Pradeep et al, 2019;Götz et al, 2020;Hunhevicz and Hall, 2020;Kim et al, 2020;Kiu et al, 2020;Li et al, 2019;Nawari and Ravindran, 2019a;Perera et al, 2020;Turk and Klinc, 2017;Wang et al, 2017;Ye et al, 2018) and industry reports (Gerber and Nguyen, 2019;Kinnaird and Geipel, 2017;Penzes, 2018) about possible blockchain applications in AEC industry. In this paper we will classify blockchain applications from the above-mentioned literature by using meta-analysis method.…”

Section: Methodsmentioning

confidence: 99%

“…Wang et al (2017) proposes another new use case for asset management which is blockchain-enabled equipment leasing platform. Another recent systematic literature review from Kiu et al (2020) classify blockchain use cases in a similar manner to Penzes ( 2018), but with two additional categories. Firstly, real estate management which includes previously mentioned use case for record of property ownership, for example blockchain enabled land title registry.…”

Section: Blockchain Applications In Aecmentioning

confidence: 99%

“…Firstly, real estate management which includes previously mentioned use case for record of property ownership, for example blockchain enabled land title registry. Secondly, funding management which is a relatively new proposal for a blockchainenabled crowdfunding platform to raise funds for certain projects (Kiu et al, 2020).…”

Section: Blockchain Applications In Aecmentioning

confidence: 99%

“…Blockchain 3.0 aims to improve the biggest shortcomings of previous versions such as transaction time, scalability, and ease of implementation (Nawari and Ravindran, 2019a). The next version -Blockchain 4.0, additionally will leverage upon the advantages of integrating Artificial Intelligence (AI) which will enable the system to make decisions and act without direct need for human intervention (Kiu et al, 2020). Blockchain technology is still evolving, and there might be a range of possible applications which are still to be discovered.…”

Section: Introductionmentioning

confidence: 99%

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Blockchain use cases across entire lifecycle of a built asset: a review

Jaskula¹,

Papadonikolaki²

2021

Computing in Construction

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Blockchain is a key enabling technology towards the 4 th industrial revolution of the construction industry. The aim of this paper is to map uses of blockchain technology across the various phases in the lifecycle of built assets. Of interest to this paper is a new classification of blockchain solutions in combination with other key enabling technologies, like Building Information Modelling and Internet of Things. The literature indicates that blockchain shows high potential for solving challenges across the entire lifecycle of a project and has an especially high potential to influence and possibly improve management in the Operation and Maintenance phase.

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Section: Methodsmentioning

confidence: 99%

Section: Blockchain Applications In Aecmentioning

confidence: 99%

Section: Blockchain Applications In Aecmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Blockchain use cases across entire lifecycle of a built asset: a review

Jaskula¹,

Papadonikolaki²

2021

Computing in Construction

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“…In the questionnaire survey by Kim et al (2020), which considered the applicability and anticipated impact of the technology, blockchain was deemed suitable for project cost/change management, contract bidding and formation, and procurement evaluation. A literature review by Kiu et al (2020) showed that leveraging the core blockchain properties points to construction supply chain management, facilitation of BIM, contract management, electronic document management, real estate management, and funding management, as potential areas of application within construction. Finally, Zhong et al (2020) showed that smart contracts can be used for compliance checking to regulation requirements of construction products, thus aiding in quality management.…”

Section: Literature Reviewmentioning

confidence: 99%

A conceptual digital business model for construction logistics consultants, featuring a sociomaterial blockchain solution for integrated economic, material and information flows

Kifokeris¹,

Koch²

2020

ITcon

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In this paper, a new digital business model for independent construction logistics consultants, which features the conceptualization of a sociomaterial blockchain solution for integrated information, material and economic flows, is proposed. Theoretically, we offer an understanding of the economic flow, stress the optimization of construction logistics through flow integration, analyse current approaches to understanding blockchain, adopt sociomateriality to envision a suitable blockchain solution, and consider the way blockchain can constitute part of the value proposition of a related digital business model. Methodologically, we systematically reviewed the literature on blockchain-related construction research, and conducted empirical studies on independent logistics consultants in the Swedish context for more than a year. On the one hand, the literature review reveals that core blockchain properties can generate value for construction logistics (e.g. shared ledger structure and reduction of accounting rework) – however, apart from visions and prototypes, there currently exist no use cases, and potential implementational constraints and security issues are limitedly considered. One the other hand, the empirical findings show that independent construction logistics consultants in the sociomaterial Swedish context are suitable candidates for the proposed digital business model. By combining the literature and empirical insights, a permissioned private proof-of-authority blockchain solution integrating the supply chain flows in a generic sociomaterial setting is conceptualized. This solution is then embedded in the value proposition of a digital business model for an independent construction logistics consultant. The proposition includes, among others, improved process management and increased productivity, while the consultants’ competitive advantage through innovation is facilitated. Other business model segments, like key resources, are also updated via the blockchain solution, while some, like channels, are not significantly affected. To not hinder the realization of this digital business model, issues like the lack of blockchain awareness, and the existing power balances within sociomaterial constellations, have to be addressed.

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Framework for crowdfunding sustainable development goals projects using blockchain

Chalmeta,

Cabezas‐Hernando,

dos Santos Silva

2024

Sustainable Development

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Crowdfunding has proven to be a viable strategy for financing the Sustainable Development Goals (SDGs). It is a type of online financing that prevents intermediaries, such as banks, from obtaining economic support through contributions from users whose motivation may be in exchange for some type of reward and/or altruism. Blockchain and smart contracts support and improve crowdfunding platforms by removing the need for intermediate third parties, making it easier for users to verify how their payments are being used, and providing a transparent ledger for all transactions. The purpose of this paper is to contribute to the academic literature on information technologies for sustainable development by developing a bibliometric analysis to identify the top contributing and most influential authors, countries, publishers, institutions, and papers on blockchain to support SDGs achievements through crowdfunding; by developing a classification framework that organizes in research categories and subcategories the current state of art; and by identifying the main findings and a future research agenda in each research category and subcategory. To identify, select, collect, synthesize, analyze, and evaluate all research published on the field, providing a complete insight in this research area, the PRISMA methodology, content analysis and bibliometric tools are used.

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Exploring the potentials of blockchain application in construction industry: a systematic review

Cited by 55 publications

References 43 publications

Blockchain use cases across entire lifecycle of a built asset: a review

Blockchain use cases across entire lifecycle of a built asset: a review

A conceptual digital business model for construction logistics consultants, featuring a sociomaterial blockchain solution for integrated economic, material and information flows

Framework for crowdfunding sustainable development goals projects using blockchain

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