Kim, M., & Kim, Y.-W. (2024). Applications of blockchain for construction project procurement. Automation in Construction, 165, 105550-. https://doi.org/10.1016/j.autcon.2024.105550
Abstract
Blockchain technology has shown potential in enhancing project performance by instilling trust in data sharing among stakeholders, thereby encouraging the stakeholders to ensure a strategic acquisition and resource management through procurement activities. However, despite the recent research efforts on blockchain in the construction sector, there is a lack of knowledge of the status quo in that barely any research investigated the synergy of blockchain and procurement by recognizing the inextricable linkage between procurement management and project delivery system. This paper conducts a systematic review of 54 articles to assess blockchain's potential in addressing issues inherent in the current organizational structures and collaborative efforts. Findings offer profound insight into the current landscape of procurement-specific blockchain research, highlighting areas needing attention. This paper identified opportunities in construction procurement by investigating the extent to which the technology is integrated into the current project management context emphasizing integration and collaboration.
Keywords
Blockchain; Procurement; Construction industry; Procurement process; Project delivery system; Literature review