Please wait a minute...

Frontiers of Engineering Management

Front. Eng    2017, Vol. 4 Issue (1) : 67-75     https://doi.org/10.15302/J-FEM-2017006
RESEARCH ARTICLE |
The outlook of blockchain technology for construction engineering management
Jun WANG1, Peng WU1, Xiangyu WANG2(), Wenchi SHOU1
1. Australasian Joint Research Centre for Building Information Modelling, Department of Construction Management, Curtin University, Australia
2. Australasian Joint Research Centre for Building Information Modelling, Department of Construction Management, Curtin University, Australia; Department of Housing and Interior Design, Kyung Hee University, South Korea
Download: PDF(453 KB)   HTML
Export: BibTeX | EndNote | Reference Manager | ProCite | RefWorks
Abstract

Current construction engineering management suffers numerous challenges in terms of the trust, information sharing, and process automation. Blockchain which is a decentralised transaction and data management technology, has attracted increasing interests from both academic and industrial aspects since 2008. However, most of the existing research and practices are focused on the blockchain itself (i.e. technical challenges and limitations) or its applications in the finance service sector (i.e. Bitcoin). This paper aims to investigate the potential of applying blockchain technology in the construction sector. Three types of blockchain-enabled applications are proposed to improve the current processes of contract management, supply chain management, and equipment leasing, respectively. Challenges of blockchain implementation are also discussed in this paper.

Keywords Blockchain      contract management      supply chain management      equipment leasing     
Corresponding Authors: Xiangyu WANG   
Online First Date: 31 March 2017    Issue Date: 19 April 2017
 Cite this article:   
Jun WANG,Peng WU,Xiangyu WANG, et al. The outlook of blockchain technology for construction engineering management[J]. Front. Eng, 2017, 4(1): 67-75.
 URL:  
http://journal.hep.com.cn/fem/EN/10.15302/J-FEM-2017006
http://journal.hep.com.cn/fem/EN/Y2017/V4/I1/67
Service
E-mail this article
E-mail Alert
RSS
Articles by authors
Jun WANG
Peng WU
Xiangyu WANG
Wenchi SHOU
Fig.1  A smart contact example
Fig.2  Blockchain-enabled supply chain
Fig.3  An example of a blockchain-enabled crane leasing
1 Abeyratne S A, Monfared R P (2016). Blockchain ready manufacturing supply chain using distributed ledger. International Journal of Research in Engineering and Technology, 5(9): 1–10
https://doi.org/10.15623/ijret.2016.0509001
2 Accenture (2015). Blockchain technology: preparing for change. , 2016–12–24
3 Allens (2016). Blockchain reaction: understanding the opportunities and navigating the legal frameworks of distributed ledger technology and blockchain., 2016–12–24
4 Bonanni L (2011). Sourcemap: eco-design, sustainable supply chains and radical transparency. XRDS, 17(4): 22–26
https://doi.org/10.1145/1961678.1961681
5 Chong H Y, Lopez R, Wang J, Wang X, Zhao Z (2016). Comparative analysis on the adoption and use of BIM in road infrastructure projects. Journal of Management Engineering, 32(6): 05016021
https://doi.org/10.1061/(ASCE)ME.1943-5479.0000460
6 Ethereum (2016). Ethereum projects., 2016–12–24
7 IBM (2016). IBM Blockchain., 2016–12–24
8 Johnston D A, McCutcheon D M, Stuart F I, Kerwood H (2004). Effects of supplier trust on performance of cooperative supplier relationships. Journal of Operations Management, 22(1): 23–38
https://doi.org/10.1016/j.jom.2003.12.001
9 Kadefors A (2004). Trust in project relationships — inside the black box. International Journal of Project Management, 22(3): 175–182
https://doi.org/10.1016/S0263-7863(03)00031-0
10 Kopczak L R, Johnson M E (2003). The supply chain management effect. Sloan Management Review, 44(3): 27–34
11 Lau E, Rowlinson S (2010). Trust relations in the construction industry. International Journal of Managing Projects in Business, 3(4): 693–704
https://doi.org/10.1108/17538371011076127
12 Lohry M, Bodell B (2015). Blockchain enabled co-housing. , 2017–2–28
13 Mathews M (2017). Building information modeling technology and Blockchain.
14 Mattila J, Seppälä T, Holmström J (2016). Product-centric information management: a case study of a shared platform with blockchain technology. In: Proceedings of the Industry Studies Association Conference, May, Minneapolis, MN, USA, 24–26
15 McCormack K (1998). What supply chain management practices relate to superior performance. DRK Research Team, Boston, MA
16 Nakamoto S (2008). Bitcoin: a peer-to-peer electronic cash system.
17 Petersen K (1999). The effect of information quality on supply chain performance: an inter-organizational information system perspective. Unpublished Dissertation. Michigan State University
17 Shou W, Wang J, Wang X, Chong H Y (2015). A comparative review of building information modelling implementation in building and infrastructure industries. Archives of Computational Methods in Engineering, 22(2): 291–308
https://doi.org/10.1007/s11831-014-9125-9
18 Swan M (2015). Blockchain: blueprint for a new economy. O’Reilly Media Inc.
19 Shah S, Dockx A, Baldet A, Bi F, Allchin C, Misra S, Huebner M, Sherpherd B, Holroyd B (2016). Unlocking economic advantage with blockchain: a guide for asset managers. A joint report published by Oliver Wyman and J.P. Morgan
20 Simatupang T M, Sridharan R (2005). Supply chain discontent. Business Process Management, 11(4): 349–369
https://doi.org/10.1108/14637150510609390
21 Taylor D (2017). Construction and Blockchain: how can it help the industry? Published in Capterra Construction Management Blog. , 2017–2–28
22 Wang J, Sun W, Shou W, Wang X, Wu C, Chong H Y, Liu Y, Sun C (2015a). Integrating BIM and LiDAR for real-time construction quality control. Journal of Intelligent & Robotic Systems, 79(3–4): 417–432
https://doi.org/10.1007/s10846-014-0116-8
23 Wang J, Zhang X, Shou W, Wang X, Xu B, Kim M J, Wu P (2015b). A BIM-based approach for automated tower crane layout planning. Automation in Construction, 59: 168–178
https://doi.org/10.1016/j.autcon.2015.05.006
24 Wang J, Wang X, Shou W, Chong H Y, Guo J (2016). Building information modeling-based integration of MEP layout designs and constructability. Automation in Construction, 61: 134–146
https://doi.org/10.1016/j.autcon.2015.10.003
25 Wicks A C, Berman S L, Jones T M (1999). The structure of optimal trust: moral and strategic implications. Academy of Management Review, 23(1): 99–116
26 Wong P S P, Cheung S O (2005). Structural equation model of trust and partnering success. Journal of Management Engineering, 21(2): 70–80
https://doi.org/10.1061/(ASCE)0742-597X(2005)21:2(70)
27 Yli-Huumo J, Ko D, Choi S, Park S, Smolander K (2016). Where is current research on Blockchain technology?—A systematic review. PLoS One, 11(10): e0163477
https://doi.org/10.1371/journal.pone.0163477
28 Zaghloul R, Hartman F (2003). Construction contracts: the cost of mistrust. International Journal of Project Management, 21(6): 419–424
https://doi.org/10.1016/S0263-7863(02)00082-0
29 Zhou H Jr, Jr. Benton W C (2007). Supply chain practice and information sharing. Journal of Operations Management, 25(6): 1348–1365
https://doi.org/10.1016/j.jom.2007.01.009
Viewed
Full text


Abstract

Cited

  Shared   
  Discussed