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The Implication of Blockchain as a Disruptive Technology for Construction Industry

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  • Mohita Gangwar Sharma
  • Sunil Kumar

Abstract

Adoption of blockchain technology has been widely construed as disruptive. Blockchain is a distributed ledger technology. It is secure by design because of its cryptography and distributed consensus mechanism, which also offers anonymity, persistence, auditability and resilience. The construction industry adopts a project-based approach and globally has been considered as a fragmented sector, predominantly in unorganised space. Given these characteristics, the technology adoption has been slow. This study looks at the challenges and adopts interpretive structural modelling technique to understand the linkages between these barriers. This study can provide managerial insights into designing strategies for overcoming the barriers for adoption of this disruptive technology.

Suggested Citation

  • Mohita Gangwar Sharma & Sunil Kumar, 2020. "The Implication of Blockchain as a Disruptive Technology for Construction Industry," IIM Kozhikode Society & Management Review, , vol. 9(2), pages 177-188, July.
    • Handle: RePEc:sae:iimkoz:v:9:y:2020:i:2:p:177-188
    DOI: 10.1177/2277975220932343
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    References listed on IDEAS

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    Cited by:

    1. Satyabrata Aich & Sushanta Tripathy & Moon-Il Joo & Hee-Cheol Kim, 2021. "Critical Dimensions of Blockchain Technology Implementation in the Healthcare Industry: An Integrated Systems Management Approach," Sustainability, MDPI, vol. 13(9), pages 1-17, May.
    2. Atul Kumar Singh & V. R. Prasath Kumar & Muhammad Irfan & Saeed Reza Mohandes & Usama Awan, 2023. "Revealing the Barriers of Blockchain Technology for Supply Chain Transparency and Sustainability in the Construction Industry: An Application of Pythagorean FAHP Methods," Sustainability, MDPI, vol. 15(13), pages 1-27, July.
    3. Singh, Atul Kumar & Kumar, V.R. Prasath & Dehdasht, Gholamreza & Mohandes, Saeed Reza & Manu, Patrick & Pour Rahimian, Farzad, 2023. "Investigating barriers to blockchain adoption in construction supply chain management: A fuzzy-based MCDM approach," Technological Forecasting and Social Change, Elsevier, vol. 196(C).

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