Toward Industry 5.0: A Conceptual Model for Blockchain’s Impact on Interorganizational Trust in Construction Project Management
Navid Torkanfar, Ehsan Rezazadeh Azar, Brenda Y. McCabe · Project Management Journal · 2025
Trust issues and collaboration inefficiencies are ongoing challenges in the construction industry, leading to great monetary and resource loss. Blockchain technology has a unique potential to foster trust through attributes of immutability, transparency, and decentralization, but the precise impact of blockchain on trust dynamics among project stakeholders has not yet been thoroughly explored. Blockchain-based interorganizational trust was developed as a conceptual model. This model provides a framework with seven propositions to explore blockchain’s influence on interorganizational trust. The findings indicate blockchain’s potential to strengthen system-based trust, which in turn enhances both affect-based and cognition-based trust.