Blockchain-Driven Smart Contracts: An Overview of Application Areas and Gap Identification in Construction Management Literature

Emmanuel Chidiebere Eze; Ernest Effah Ameyaw; Bahriye Ilhan Jones

doi:10.1007/978-3-031-72284-4_17

Blockchain-Driven Smart Contracts: An Overview of Application Areas and Gap Identification in Construction Management Literature

Emmanuel Chidiebere Eze^*, Ernest Effah Ameyaw, Bahriye Ilhan Jones

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

1 Scopus citations

Abstract

The dynamics in Industry 4.0 have continued to transform construction contracts execution. Blockchain and smart contract technologies represent the future of construction contract delivery in the built environment, although they are still in the infancy in the construction sector. While studies on the potentials of Blockchain-based smart contracts in construction have continued to increase, as evident in the extant literature, there is yet to be a consensus on the most crucial application areas in construction. This emerging technology requires more attention; therefore, this study presents the result of a critical review of blockchain-enabled smart contracts studies in construction. Forty documents were obtained from the Scopus and Web of Science databases, and they formed the basis for the review and analysis. The top application areas of smart contract technology were identified and discussed. Furthermore, the application areas that require to be explored are refurbishment contracts, consultancy contracts, long-term PPP projects, circular economy, and waste management. The adoption of blockchain-based smart contracts in these areas will improve sustainable construction targets and enhance the diffusion of blockchain-enabled smart contracts among key built environment experts.

Original language	English
Title of host publication	Science, Engineering Management and Information Technology - 2nd International Conference, SEMIT 2023, Proceedings
Editors	A. Mirzazadeh, Zohreh Molamohamadi, Babek Erdebilli, Efran Babaee Tirkolaee, Gerhard-Wilhelm Weber
Publisher	Springer Science and Business Media Deutschland GmbH
Pages	271-288
Number of pages	18
ISBN (Print)	9783031722837
DOIs	https://doi.org/10.1007/978-3-031-72284-4_17
State	Published - 2024
Externally published	Yes
Event	2nd International Conference on Science, Engineering Management and Information Technology, SEMIT 2023 - Ankara, Turkey Duration: 14 Sep 2023 → 15 Sep 2023

Publication series

Name	Communications in Computer and Information Science
Volume	2198 CCIS
ISSN (Print)	1865-0929
ISSN (Electronic)	1865-0937

Conference

Conference	2nd International Conference on Science, Engineering Management and Information Technology, SEMIT 2023
Country/Territory	Turkey
City	Ankara
Period	14/09/23 → 15/09/23

Bibliographical note

Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.

Keywords

Blockchain
construction contract
Construction projects
critical review
Smart contract

ASJC Scopus subject areas

General Computer Science
General Mathematics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1007/978-3-031-72284-4_17

Cite this

Eze, E. C., Ameyaw, E. E., & Jones, B. I. (2024). Blockchain-Driven Smart Contracts: An Overview of Application Areas and Gap Identification in Construction Management Literature. In A. Mirzazadeh, Z. Molamohamadi, B. Erdebilli, E. Babaee Tirkolaee, & G.-W. Weber (Eds.), Science, Engineering Management and Information Technology - 2nd International Conference, SEMIT 2023, Proceedings (pp. 271-288). (Communications in Computer and Information Science; Vol. 2198 CCIS). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-031-72284-4_17

Eze, Emmanuel Chidiebere ; Ameyaw, Ernest Effah ; Jones, Bahriye Ilhan. / Blockchain-Driven Smart Contracts : An Overview of Application Areas and Gap Identification in Construction Management Literature. Science, Engineering Management and Information Technology - 2nd International Conference, SEMIT 2023, Proceedings. editor / A. Mirzazadeh ; Zohreh Molamohamadi ; Babek Erdebilli ; Efran Babaee Tirkolaee ; Gerhard-Wilhelm Weber. Springer Science and Business Media Deutschland GmbH, 2024. pp. 271-288 (Communications in Computer and Information Science).

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abstract = "The dynamics in Industry 4.0 have continued to transform construction contracts execution. Blockchain and smart contract technologies represent the future of construction contract delivery in the built environment, although they are still in the infancy in the construction sector. While studies on the potentials of Blockchain-based smart contracts in construction have continued to increase, as evident in the extant literature, there is yet to be a consensus on the most crucial application areas in construction. This emerging technology requires more attention; therefore, this study presents the result of a critical review of blockchain-enabled smart contracts studies in construction. Forty documents were obtained from the Scopus and Web of Science databases, and they formed the basis for the review and analysis. The top application areas of smart contract technology were identified and discussed. Furthermore, the application areas that require to be explored are refurbishment contracts, consultancy contracts, long-term PPP projects, circular economy, and waste management. The adoption of blockchain-based smart contracts in these areas will improve sustainable construction targets and enhance the diffusion of blockchain-enabled smart contracts among key built environment experts.",

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Eze, EC, Ameyaw, EE & Jones, BI 2024, Blockchain-Driven Smart Contracts: An Overview of Application Areas and Gap Identification in Construction Management Literature. in A Mirzazadeh, Z Molamohamadi, B Erdebilli, E Babaee Tirkolaee & G-W Weber (eds), Science, Engineering Management and Information Technology - 2nd International Conference, SEMIT 2023, Proceedings. Communications in Computer and Information Science, vol. 2198 CCIS, Springer Science and Business Media Deutschland GmbH, pp. 271-288, 2nd International Conference on Science, Engineering Management and Information Technology, SEMIT 2023, Ankara, Turkey, 14/09/23. https://doi.org/10.1007/978-3-031-72284-4_17

Blockchain-Driven Smart Contracts: An Overview of Application Areas and Gap Identification in Construction Management Literature. / Eze, Emmanuel Chidiebere; Ameyaw, Ernest Effah; Jones, Bahriye Ilhan.
Science, Engineering Management and Information Technology - 2nd International Conference, SEMIT 2023, Proceedings. ed. / A. Mirzazadeh; Zohreh Molamohamadi; Babek Erdebilli; Efran Babaee Tirkolaee; Gerhard-Wilhelm Weber. Springer Science and Business Media Deutschland GmbH, 2024. p. 271-288 (Communications in Computer and Information Science; Vol. 2198 CCIS).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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T1 - Blockchain-Driven Smart Contracts

T2 - 2nd International Conference on Science, Engineering Management and Information Technology, SEMIT 2023

AU - Eze, Emmanuel Chidiebere

AU - Ameyaw, Ernest Effah

AU - Jones, Bahriye Ilhan

N1 - Publisher Copyright: © The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.

PY - 2024

Y1 - 2024

N2 - The dynamics in Industry 4.0 have continued to transform construction contracts execution. Blockchain and smart contract technologies represent the future of construction contract delivery in the built environment, although they are still in the infancy in the construction sector. While studies on the potentials of Blockchain-based smart contracts in construction have continued to increase, as evident in the extant literature, there is yet to be a consensus on the most crucial application areas in construction. This emerging technology requires more attention; therefore, this study presents the result of a critical review of blockchain-enabled smart contracts studies in construction. Forty documents were obtained from the Scopus and Web of Science databases, and they formed the basis for the review and analysis. The top application areas of smart contract technology were identified and discussed. Furthermore, the application areas that require to be explored are refurbishment contracts, consultancy contracts, long-term PPP projects, circular economy, and waste management. The adoption of blockchain-based smart contracts in these areas will improve sustainable construction targets and enhance the diffusion of blockchain-enabled smart contracts among key built environment experts.

AB - The dynamics in Industry 4.0 have continued to transform construction contracts execution. Blockchain and smart contract technologies represent the future of construction contract delivery in the built environment, although they are still in the infancy in the construction sector. While studies on the potentials of Blockchain-based smart contracts in construction have continued to increase, as evident in the extant literature, there is yet to be a consensus on the most crucial application areas in construction. This emerging technology requires more attention; therefore, this study presents the result of a critical review of blockchain-enabled smart contracts studies in construction. Forty documents were obtained from the Scopus and Web of Science databases, and they formed the basis for the review and analysis. The top application areas of smart contract technology were identified and discussed. Furthermore, the application areas that require to be explored are refurbishment contracts, consultancy contracts, long-term PPP projects, circular economy, and waste management. The adoption of blockchain-based smart contracts in these areas will improve sustainable construction targets and enhance the diffusion of blockchain-enabled smart contracts among key built environment experts.

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Eze EC, Ameyaw EE, Jones BI. Blockchain-Driven Smart Contracts: An Overview of Application Areas and Gap Identification in Construction Management Literature. In Mirzazadeh A, Molamohamadi Z, Erdebilli B, Babaee Tirkolaee E, Weber GW, editors, Science, Engineering Management and Information Technology - 2nd International Conference, SEMIT 2023, Proceedings. Springer Science and Business Media Deutschland GmbH. 2024. p. 271-288. (Communications in Computer and Information Science). doi: 10.1007/978-3-031-72284-4_17

Blockchain-Driven Smart Contracts: An Overview of Application Areas and Gap Identification in Construction Management Literature

Abstract

Publication series

Conference

Bibliographical note

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

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Cite this