A Review on Blockchain Operations in Construction Management
This study investigates the important role that the blockchain plays to manage the information about who did what and when and hence provides a strong base for any legal potential conflicts. Blockchain technology permits you to distribute, encrypt, and secure the records of digital transactions. In...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Yildiz Technical University
2023-07-01
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| Series: | Journal of Sustainable Construction Materials and Technologies |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/download/article-file/2924932 |
| _version_ | 1827899139510239232 |
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| author | Hasan Volkan Oral Bassant Sayed |
| author_facet | Hasan Volkan Oral Bassant Sayed |
| author_sort | Hasan Volkan Oral |
| collection | DOAJ |
| description | This study investigates the important role that the blockchain plays to manage the information about who did what and when and hence provides a strong base for any legal potential conflicts. Blockchain technology permits you to distribute, encrypt, and secure the records of digital transactions. In addition, bitcoin and other cryptocurrencies are encompassed in it. Even though the construction industry has traditionally been a late user of innovative technology compared to other sectors of the economy, it faces various hurdles in terms of trust, accessibility, information sharing, and process automation. As a result, stakeholders, clients, subcontractors, contractors, and suppliers have been unable to work together effectively. Even if building information modeling is employed, which envisions a centralized building, the primary benefit of blockchain is the secure storage of sensitive sensor data. |
| first_indexed | 2024-03-12T23:13:32Z |
| format | Article |
| id | doaj.art-73d3a9dfa1ff4cc5ab17b81d0a2cb22e |
| institution | Directory Open Access Journal |
| issn | 2458-973X |
| language | English |
| last_indexed | 2024-03-12T23:13:32Z |
| publishDate | 2023-07-01 |
| publisher | Yildiz Technical University |
| record_format | Article |
| series | Journal of Sustainable Construction Materials and Technologies |
| spelling | doaj.art-73d3a9dfa1ff4cc5ab17b81d0a2cb22e2023-07-17T15:08:25ZengYildiz Technical UniversityJournal of Sustainable Construction Materials and Technologies2458-973X2023-07-018214615210.47481/jscmt.1244244252A Review on Blockchain Operations in Construction ManagementHasan Volkan Oral0Bassant Sayed1İSTANBUL AYDIN ÜNİVERSİTESİ, MÜHENDİSLİK FAKÜLTESİISTANBUL AYDIN UNIVERSITY, FACULTY OF ENGINEERINGThis study investigates the important role that the blockchain plays to manage the information about who did what and when and hence provides a strong base for any legal potential conflicts. Blockchain technology permits you to distribute, encrypt, and secure the records of digital transactions. In addition, bitcoin and other cryptocurrencies are encompassed in it. Even though the construction industry has traditionally been a late user of innovative technology compared to other sectors of the economy, it faces various hurdles in terms of trust, accessibility, information sharing, and process automation. As a result, stakeholders, clients, subcontractors, contractors, and suppliers have been unable to work together effectively. Even if building information modeling is employed, which envisions a centralized building, the primary benefit of blockchain is the secure storage of sensitive sensor data.https://dergipark.org.tr/tr/download/article-file/2924932bimdigital signatureshash functionsmart contractsmerkle treenodesbimdigital signatureshash functionsmart contractsmerkle treenodes |
| spellingShingle | Hasan Volkan Oral Bassant Sayed A Review on Blockchain Operations in Construction Management Journal of Sustainable Construction Materials and Technologies bim digital signatures hash function smart contracts merkle tree nodes bim digital signatures hash function smart contracts merkle tree nodes |
| title | A Review on Blockchain Operations in Construction Management |
| title_full | A Review on Blockchain Operations in Construction Management |
| title_fullStr | A Review on Blockchain Operations in Construction Management |
| title_full_unstemmed | A Review on Blockchain Operations in Construction Management |
| title_short | A Review on Blockchain Operations in Construction Management |
| title_sort | review on blockchain operations in construction management |
| topic | bim digital signatures hash function smart contracts merkle tree nodes bim digital signatures hash function smart contracts merkle tree nodes |
| url | https://dergipark.org.tr/tr/download/article-file/2924932 |
| work_keys_str_mv | AT hasanvolkanoral areviewonblockchainoperationsinconstructionmanagement AT bassantsayed areviewonblockchainoperationsinconstructionmanagement AT hasanvolkanoral reviewonblockchainoperationsinconstructionmanagement AT bassantsayed reviewonblockchainoperationsinconstructionmanagement |