A DANP model for evaluating the factors influencing blockchain adoption in the construction industry’s carbon trading

Abstract

Blockchain technology is believed to address trust and efficiency issues in the carbon trading market. This study aims to identify the factors that impact the adoption of blockchain technology in the carbon trading within the construction industry. Using the Technology-Organization-Environment (TOE) framework, this study explores the factors impacting the adoption of blockchain, proposing 18 influencing factors. Based on a survey involving 29 experts, an analysis of the interrelationships among factors was performed using the Decision Testing and Evaluation Laboratory (DEMATEL). The identification of key factors was then accomplished by analyzing the weight results of the DEMATEL-based Analytical Network Process (DANP). The results show that carbon trading companies contend with more environmental and technological influences, with the former dominating. Key determinants include network effect, top management support and government support. Furthermore, technological maturity additionally influences the decision-making process regarding the adoption of blockchain to a certain extent. This research provides insights influencing blockchain adoption for carbon emission trading within the construction sector, informing sustainable practices in emissions management.

Keywords

Carbon trading / Blockchain / TOE / DEMATEL / DEMATEL-based ANP (DANP) / Information and Computing Sciences / Information Systems / Commerce, Management, Tourism and Services / Business and Management

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