Abstract
Public–Private Partnerships (PPP) projects still adopt traditional, paper-based contracting systems that cannot guarantee trust, transparency among project parties, and the immutability of data and project records. These attributes are at the core of strong public and private sector relationships in infrastructure PPP projects delivery, and significantly mitigate the high rate of terminations and failures in PPP contracts. The adoption of Blockchain-enabled Smart Contracts (BSC) has the potential to improve the relationship between stakeholders and PPP project performance. This study leveraged the Technology, Organisation and Environment (TOE) framework to assess the factors driving the adoption of smart contracts in infrastructure PPP projects. A structured questionnaire was used to gather data from global experts. With 97 usable data and a reliability coefficient of 0.923, the gathered data was analysed using the Relative Important Index (RII) and Spearman correlation analysis. It was found that technology factors have a greater influence on smart contract adoption decisions, followed by organisational and environmental factors. These factors have a strong and significant impact on the intention to adopt smart contracts in infrastructure PPP projects. This study contributes to the quest to digitalise infrastructure PPP contracts/projects.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of 10th International Congress on Information and Communication Technology - ICICT 2025 |
| Editors | Xin-She Yang, Simon Sherratt, Nilanjan Dey, Amit Joshi |
| Publisher | Springer Science and Business Media Deutschland GmbH |
| Pages | 471-483 |
| Number of pages | 13 |
| ISBN (Print) | 9789819664344 |
| DOIs | |
| State | Published - 2025 |
| Externally published | Yes |
| Event | 10th International Congress on Information and Communication Technology, ICICT 2025 - London, United Kingdom Duration: 18 Feb 2025 → 21 Feb 2025 |
Publication series
| Name | Lecture Notes in Networks and Systems |
|---|---|
| Volume | 1413 LNNS |
| ISSN (Print) | 2367-3370 |
| ISSN (Electronic) | 2367-3389 |
Conference
| Conference | 10th International Congress on Information and Communication Technology, ICICT 2025 |
|---|---|
| Country/Territory | United Kingdom |
| City | London |
| Period | 18/02/25 → 21/02/25 |
Bibliographical note
Publisher Copyright:© The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2025.
Keywords
- Blockchain technology
- Global experts
- Infrastructure projects
- PPP
- Project failures/terminations
- Smart contracts
ASJC Scopus subject areas
- Control and Systems Engineering
- Signal Processing
- Computer Networks and Communications