Effect of blockchain technology adoption on construction supply chain: a structural equation modelling (SEM) approach

IF 2.2 Q3 MANAGEMENT Journal of Facilities Management Pub Date : 2024-05-13 DOI:10.1108/jfm-07-2023-0077
Taofeek Tunde Okanlawon, Luqman Oyekunle Oyewobi, Richard Ajayi Jimoh
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Abstract

Purpose

The construction industry is frequently scrutinised by the public for a variety of issues, including waste, inefficiency, narrow profit margins, scheduling setbacks, budget overruns, quality concerns, trust deficits, transparency issues, coordination challenges, communication issues and fraud. The purpose of this paper is to assess the effect of blockchain technology adoption on the construction supply chain.

Design/methodology/approach

This study used a quantitative research approach through a questionnaire survey that was conducted among professionals in the Nigerian construction industry using the snowball sampling method, which resulted in a selection of 155 respondents. The collected data were analysed using partial least squares structural equation modelling, enabling a thorough assessment of the proposed relationships and offering valuable insights specific to the construction industry.

Findings

The study’s findings validated the conceptual framework established. The results indicated that implementing blockchain across all stages of the construction supply chain has the potential to improve the construction process. The study also revealed that blockchain technology will significantly affect the construction supply chain in a positive manner.

Research limitations/implications

This research was carried out in the South-western region which is one of the six geo-political zones in Nigeria using a cross-sectional survey method. The study holds implications not only for local construction practices but will also contribute to the broader discourse on national construction sector challenges and possible solutions.

Practical implications

The findings of this study will be immensely beneficial to both professionals, practitioners and stakeholders in the Nigerian construction industry in learning about the potential of blockchain technology application in improving the construction supply chain.

Originality/value

The study in this paper constructed and evaluated a conceptual framework by exploring the connections between the variables. The results have significant implications for the construction sector, as they provide avenues for enhancing the construction process and the overall supply chain. These findings are valuable for researchers examining the potential effects of blockchain technology on the construction supply chain.

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采用区块链技术对建筑供应链的影响:结构方程建模(SEM)方法
目的建筑行业经常因各种问题而受到公众的关注,包括浪费、效率低下、利润空间狭小、计划受挫、预算超支、质量问题、信任缺失、透明度问题、协调挑战、沟通问题和欺诈。本文旨在评估采用区块链技术对建筑供应链的影响。本研究采用了定量研究方法,通过问卷调查的方式,使用滚雪球抽样方法对尼日利亚建筑行业的专业人士进行了调查,最终选出了 155 名受访者。使用偏最小二乘结构方程模型对收集到的数据进行了分析,从而对提出的关系进行了全面评估,并提供了针对建筑行业的宝贵见解。结果表明,在建筑供应链的各个阶段实施区块链有可能改善建筑流程。研究限制/意义本研究在尼日利亚六个地缘政治区之一的西南部地区进行,采用的是横截面调查法。本研究不仅对当地的建筑实践有影响,而且还将有助于更广泛地讨论国家建筑行业面临的挑战和可能的解决方案。本研究的结果将对尼日利亚建筑行业的专业人士、从业人员和利益相关者大有裨益,有助于他们了解区块链技术在改善建筑供应链方面的应用潜力。研究结果对建筑行业具有重要意义,因为它们为改进建筑流程和整体供应链提供了途径。这些研究结果对于研究区块链技术对建筑供应链的潜在影响的研究人员来说非常有价值。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
4.30
自引率
15.80%
发文量
56
期刊介绍: Journal of Facilities Management is a strategic level journal for Heads of Facilities and Corporate Real Estate. Guided by its international and expert Editorial Board, Journal of Facilities Management publishes high-quality, authoritative, and detailed analysis, briefings and case studies on how facilities can and do play a vital part in helping deliver corporate strategy. This quarterly publication features contributions from leading practitioners and thinkers in the field of Facilities Management, from some of the leading companies, government institutions, and universities in the world. The journal features a combination of theoretical and practical articles, complemented by a wide range of case studies and regular features, identifying key implications for senior practitioners in Facilities Management.
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