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Barriers and Risks in BIM-Embedded Design Collaboration: A Two-Mode Social Network Analysis Read chapter Read first chapter

2022 | OriginalPaper | Chapter

Smart Contract: Is it Really Smart in Construction?

Authors : Liupengfei Wu, Weisheng Lu, Rui Zhao, Fan Xue

Published in: Proceedings of the 26th International Symposium on Advancement of Construction Management and Real Estate

Publisher: Springer Nature Singapore

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Abstract

A smart contract is a protocol that can self-execute when predefined conditions are met. This new technology is considered destructive and can transfer the construction industry. In Blockchain 2.0, the combined use of blockchain and smart contracts allows users to express business logic to achieve more advanced transactions. This research aims to critically analyze the challenges, progresses, and benefits of smart contracts in construction through a systematic literature review to address whether it is smart. The findings suggested that numerous progress had been made to address the challenges of smart contracts. Besides, the benefits of smart contracts have attracted the construction industry. The research findings can open the avenue for researchers and construction practitioners to understand the impacts of the salient features of smart contracts and determine appropriate application areas.

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Metadata
Title
Smart Contract: Is it Really Smart in Construction?
Authors
Liupengfei Wu
Weisheng Lu
Rui Zhao
Fan Xue
Copyright Year
2022
Publisher
Springer Nature Singapore
Book
Proceedings of the 26th International Symposium on Advancement of Construction Management and Real Estate

Print ISBN: 978-981-19-5255-5

Electronic ISBN: 978-981-19-5256-2

Copyright Year: 2022

DOI
https://doi.org/10.1007/978-981-19-5256-2_59