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Blockchain Technology: Potential Applications for Public Sector E-Procurement and Project Management

Author

Listed:
  • Malik Khalfan

    (School of Property, Construction and Project Management at RMIT University, Melbourne, VIC 3000, Australia
    Plymouth Business School, University of Plymouth, Plymouth PL4 8AA, UK)

  • Neda Azizi

    (School of Business, Torrens University Australia, Melbourne, VIC 3000, Australia)

  • Omid Haass

    (School of Property, Construction and Project Management at RMIT University, Melbourne, VIC 3000, Australia)

  • Tayyab Maqsood

    (School of Property, Construction and Project Management at RMIT University, Melbourne, VIC 3000, Australia)

  • Istiaq Ahmed

    (School of Property, Construction and Project Management at RMIT University, Melbourne, VIC 3000, Australia)

Abstract

Project implementations normally fail due to sustainable development problems that inhibit the usage levels required to facilitate successful implementations. This paper explores the successful implementation from a Bangladesh perspective. In particular, it identifies the possible applications of Blockchain in project procurement and management, and it develops a guideline for incorporating Blockchain into project management to improve the existing project and the procurement management practices in developing countries. This is a qualitative study with an interpretivist research methodology. By adopting an interpretive approach, this study construes knowledge as that only gained through social constructions, such as language, shared meanings, documents, industry reports, reviews of academic papers, and tools; it is a changing and relative phenomenon. This study reveals that developing countries are suffering in terms of the development of projects, including poor project management, a lack of transparency, poor procurement management, etc. A total of 38 issues were identified through this study, which are the main barriers to the successful implementation of public sector projects. One of the main reasons is due to the practice of awarding the lowest bidder during the procurement process due to the current regulatory requirements. This paper found that the Oracle platform, built on Blockchain technology as a cloud-computing platform, is one of the prominent E-procurement platforms that provides both the Blockchain platform and the cloud-based applications. Therefore, after observing and analysing the platform, it is found that Blockchain technology has the capability to resolve 25 issues out of 38 identified issues.

Suggested Citation

  • Malik Khalfan & Neda Azizi & Omid Haass & Tayyab Maqsood & Istiaq Ahmed, 2022. "Blockchain Technology: Potential Applications for Public Sector E-Procurement and Project Management," Sustainability, MDPI, vol. 14(10), pages 1-21, May.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:10:p:5791-:d:812758
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    References listed on IDEAS

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    1. Evin Özkan & Neda Azizi & Omid Haass, 2021. "Leveraging Smart Contract in Project Procurement through DLT to Gain Sustainable Competitive Advantages," Sustainability, MDPI, vol. 13(23), pages 1-25, December.
    2. Bruzelius, Nils & Flyvbjerg, Bent & Rothengatter, Werner, 2002. "Big decisions, big risks. Improving accountability in mega projects," Transport Policy, Elsevier, vol. 9(2), pages 143-154, April.
    3. Omid Haass & Neda Azizi, 2019. "Knowledge sharing practice in project-oriented organisations: a practical framework based on project life cycle and project management body of knowledge," International Journal of Project Organisation and Management, Inderscience Enterprises Ltd, vol. 11(2), pages 171-197.
    4. Omid Haass & Neda Azizi, 2020. "Challenges and solutions across project life cycle: a knowledge sharing perspective," International Journal of Project Organisation and Management, Inderscience Enterprises Ltd, vol. 12(4), pages 346-379.
    5. Witold Nowiński & Miklós Kozma, 2017. "How Can Blockchain Technology Disrupt the Existing Business Models?," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(3), pages 173-188.
    6. Anne H. Gausdal & Karen V. Czachorowski & Marina Z. Solesvik, 2018. "Applying Blockchain Technology: Evidence from Norwegian Companies," Sustainability, MDPI, vol. 10(6), pages 1-16, June.
    7. Neda Azizi & Bruce Rowlands, 2020. "Developing an IT Risk Management Culture Framework," Lecture Notes in Information Systems and Organization, in: Youcef Baghdadi & Antoine Harfouche & Marta Musso (ed.), ICT for an Inclusive World, pages 483-491, Springer.
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    Cited by:

    1. Areej Althabatah & Mohammed Yaqot & Brenno Menezes & Laoucine Kerbache, 2023. "Transformative Procurement Trends: Integrating Industry 4.0 Technologies for Enhanced Procurement Processes," Logistics, MDPI, vol. 7(3), pages 1-40, September.

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