Evaluating Blockchain in Construction Supply Chain Management

Abstract

The supply chain in the Architecture, Engineering, and Construction industry is often perceived as inefficient due to a lack of data and traceability links. This study investigates the practitioners' understanding and acceptance of blockchain to address this inefficiency. A survey is conducted to glean expert opinions concerning implementing blockchain technology in the Construction Supply Chain Management (CSCM) domain. The research hypothesizes that professionals are open to blockchain technology adoption and that this adoption positively impacts four variables that represent the primary factors that can be implemented using blockchain technology. The One-Sample Test of Means is then used to evaluate the four identified variables against the hypotheses. Survey findings reveal that CSCM experts are knowledgeable about innovative technologies such as blockchain and believe that all characteristics of blockchain should be considered during implementation. Findings also show that most experts acknowledge that their current CSCM systems disregard blockchain entirely.