Critical success factors (CSFs) for the implementation of distributed ledger technology (DLT) in the Nigerian construction industry

Abstract

Purpose This study aims to identify and analyse critical success factors (CSFs) for the successful implementation of distributed ledger technology (DLT) in the Nigerian construction industry. Design/methodology/approach This study adopts a quantitative approach that uses snowball sampling techniques to identify professionals participating in the study. A structured questionnaire was used to collect data virtually, using Google Forms, resulting in 217 valid responses. The collected data were subjected to rigorous statistical analysis (descriptive and inferential) to identify and prioritise the CSFs and evaluate the participants’ awareness and knowledge of DLT. Findings This study revealed 24 key CSFs that are pivotal in ensuring the effective implementation and adoption of DLT in the Nigerian construction industry. Furthermore, the research highlights a moderate level of awareness, but significantly low knowledge of DLT among industry professionals. Practical implications The findings of this study will benefit professionals, practitioners and policymakers in the Nigerian construction industry by providing insights into the potential of DLT to improve construction operations. Originality/value This study contributes to the literature by identifying the CSFs for implementing DLT in the construction industry and shedding light on the current level of awareness and knowledge within the Nigerian context. The findings offer valuable insights for policymakers, industry practitioners and researchers, providing a solid foundation for informed decision-making and developing effective strategies to enhance DLT adoption in the construction sector.