The Role of Blockchain Technologies in Construction Engineering Project Management

Due to the increasingly complex nature of large-scale structural engineering projects, there is an increasing focus on the adoption and integration of technology. However, the construction sector tends to be further behind than most when it comes to the adoption of process-based innovative technologies. On the other hand, the decentralised, peer-to-peer principles of blockchain technology has recently attracted interest from a range of industries around the globe who are attempting to improve their business practices. This paper provides insights into the performance capabilities of blockchain technology in the construction industry and the feasibility of its potential adoption through use cases. It explores smart contract applications and the feasibility of integrating the technology with building information modelling and information management. Furthermore, the paper argues that blockchain technology has the potential to significantly increase the efficiency of processes within the construction industry and eliminate issues surrounding trust, transparency and verification currently experienced in the sector.