Integration of blockchain with emerging technologies in AEC industry: Merits and challenges
Purva Gupta, Kumar Neeraj Jha · IOP Conference Series Earth and Environmental Science · 2022
Abstract While in the last decade, digital tools and technologies have made their way into the construction industry, digital growth is still slow and incremental. The challenge is the consequential need for a collaborative and trustworthy environment with cooperation and concurrence among stakeholders. Blockchain technology holds promise and potential in providing this environment, infusing transparency and security in the mix. This study is thus motivated to explore the emerging information and communication technologies (ICT) in the architecture, engineering, and construction (AEC) industry and their integration with blockchain technology. Greater amounts of real-time digital information and automated systems with the security and transparency of blockchain could be a game-changer in planning and executing construction projects. It will affect not just the decision-makers at the top managerial level but will assist individuals down the line on-field to make decisions based on real-time data available to them.