A roadmap to achieving readiness for macro adoption of distributed ledger technology (DLT) in the construction industry

Abstract

Applications and uses cases of distributed ledger technology (DLT) are increasingly attracting interest in the construction industry. However, DLT in construction is still considered a nascent field of research and practical applications of DLT in construction are at the very early readiness stages. This paper builds on a previously developed socio-technical systems framework for DLT in construction (i.e. Li et al., 2019) built on four dimensions of technical, process, policy and social, and proposes a roadmap to achieving readiness for macro adoption of DLT in the construction industry. First, the paper reviews existing readiness and adoption models and technology roadmaps for new technological innovations in the context of DLT highlighting their strengths and detailing why they are not suitable for DLT. Then, drawing on experience of existing models as a basis, it proposes a four-stage roadmap to readiness for adoption of DLT in the construction industry. The four-stage DLT Roadmap incorporates Conceptualisation, Appraisal, Preparation and Implementation. This roadmap is intended to provide the industry with a comprehensive framework to support adoption and diffusion of DLT for specific use cases. Future work will involve proposal of guidelines for each of the four dimensions across the four-stage DLT Roadmap and testing through workshop-identified use cases of DLT in construction. © 2019 The Authors. Published by Budapest University of Technology and Economics & Diamond Congress Ltd. Peer-review under responsibility of the scientific committee of the Creative Construction Conference 2019.