Deciphering the Nexus: Blockchain-Smart Contracts and Their Transformative Potential in the Construction Industry

Authors

Hossam Wefki, Mona Salah, Hamdy Mostafa Elsharkawi

Abstract

The construction industry, characterized by its intricate processes and extensive stakeholder networks, stands at the cusp of a digital revolution. The adoption of blockchain-smart contract (BCSC) technology is at the heart of this transformation. This research delves deep into the BCSC within the construction arena to provide comprehensive insight into its probable applications, inherent challenges, and potential future trajectories. Leveraging the PRISMA analysis technique, a curated collection of relevant academic research articles was assembled, shedding light on the existing body of knowledge regarding the application of BCSC technology in construction. The authors developed an innovative user interface tool customized to automatically analyze Excel files exported from Scopus and Science Direct databases to ensure a rigorous approach. Preliminary findings highlight the existing gaps between the theoretical potential of blockchain and its tangible implementation in the construction domain. This study consolidates existing literature and emphasizes the critical domains and key parameters that future studies should address. The paper paves the way for innovative breakthroughs by pinpointing these gaps, pushing the boundaries of how blockchain and smart contracts might reshape the construction industry's future landscape.

Recommended Citation

Wefki, Mona Salah, Hamdy Mostafa Elsharkawi, Hossam (2023) "Deciphering the Nexus: Blockchain-Smart Contracts and Their Transformative Potential in the Construction Industry," Journal of Engineering Research: Vol. 7: Iss. 5, Article 3.
Available at: https://digitalcommons.aaru.edu.jo/erjeng/vol7/iss5/3