Enhancing the Sustainable Supply Chain in Nigeria's Real Estate Sector: A Blockchain Perspective for Transparency and Traceability
Ademola Joel Osho, T.K. Olaniyi · International Journal of Intelligent Computing Research · 2024
This tudy investigates the impact of blockchain technology on sustainable real estate supply chain management, specifically focusing on material traceability and transparency .The findings highlight the importance of considering blockchain as a viable solution for enhancing material traceability and transparency in sustainable real estate supply chains as panacea for preventing incessant building collapse in Nigeria.The study contributes to the understanding of blockchain technology's role in real estate supply chain management and provides insights for industry practitioners, policymakers, and researchers.In this study, a quantitative approach was employed, which included distributing a questionnaire to 300 participants representing various sectors within the real estate industry.Out of the total, 235 responses were received.A regression analysis was conducted to examine the impact of blockchain technology on material traceability and transparency in real estate supply chain.The regression analysis showed a statistically significant positive relationship (β = 0.347, p < 0.005), and (β = 0.358, p < 0.005) indicating that the adoption of blockchain technology has significant impact on improving material traceability and transparency respectively.While challenges exist in the use of blockchain, such as scalability, future work should focus on practical implementation through pilot projects and the development of standardised protocols.It is recommended that industry stakeholders collaborate with regulatory bodies to establish guidelines and standards specific to blockchain implementation in the real estate sector in Nigeria.