V. Plevris, "Blockchain applications in the construction industry", in Digital Twin and Blockchain for Sensor Networks in Smart Cities, T.A. Nguyen (Ed.), Elsevier, pp. 265-290, 2025.

Abstract:

This chapter delves into the transformative potential of blockchain technology in the construction industry, a sector pivotal to the global economy yet plagued by inefficiencies, lack of transparency, and slow adoption of digital innovations. It presents a comprehensive analysis, starting from the fundamental concepts of blockchain technology, including its decentralized nature, security features, and the role of consensus mechanisms like Proof of Work and Proof of Stake. The exploration extends to the practical applications of blockchain across various aspects of construction management, such as supply chain management, contract management, project management and documentation, and real estate transactions. Highlighting the sector’s critical challenges, including fragmented communication, inefficient supply chain management, and the perennial issues of delays and budget overruns, the chapter positions blockchain as a potent solution capable of enhancing transparency, efficiency, and accountability within the industry. It provides detailed insights into how blockchain can streamline operations, from automating procurement and improving inventory management to securing land registry processes and facilitating real-time tracking of materials. Moreover, the study reviews significant scholarly contributions to the field, offering a bibliometric analysis that underscores the burgeoning interest and research activity surrounding blockchain in construction and engineering. It also discusses the technical hurdles, legal and regulatory considerations, and the financial implications of blockchain adoption, laying out a balanced view of the opportunities and obstacles ahead. Concluding with a forward-looking perspective, the chapter envisions a future where blockchain technology not only addresses the current limitations of the construction industry but also fosters a new era of innovation, sustainability, and collaboration. Through this comprehensive examination, the chapter contributes valuable knowledge to academics, industry professionals, and policymakers interested in the intersection of blockchain technology and construction, encouraging further exploration and adoption of this groundbreaking technology in shaping the future of the built environment.