What is it about?
In our study, we investigated why the construction industry has been slow to adopt Blockchain Technology (BT) for supply chain management. Using the Pythagorean fuzzy-set-based DEMATEL approach, we identified three primary barriers: "Market-Based Risks," where concerns about market disruptions loom large; "High Costs for Sustainability," as initial expenses deter investment; and "Usage in the Underground Economy," with illicit BT use raising ethical questions. Within Construction Supply Chain Management (CSCM), challenges include "Inadequate Knowledge/Employee Training," "Contractual Risk," and "Scalability Issues." Through sensitivity analysis and expert discussions, we validated our findings, aiming to guide stakeholders in overcoming these barriers. By addressing these challenges, the construction industry can realize the potential of BT, enhancing efficiency in supply chain management for the benefit of businesses and the broader community.
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Why is it important?
Our study stands out for several compelling reasons that can significantly enhance its readership and impact. Firstly, it introduces a pioneering approach by applying the Pythagorean fuzzy-set-based DEMATEL method to the intricate domain of Construction Supply Chain Management (CSCM) and the adoption of Blockchain Technology (BT), providing a fresh and distinctive perspective on the challenges facing the construction industry. Secondly, the timing of our research is opportune, arriving as industries worldwide are increasingly exploring the potential of BT, especially in supply chain management. The specific identification of barriers within the construction sector offers a practical roadmap for stakeholders navigating BT adoption, rendering our findings highly pertinent in the contemporary technological landscape. Lastly, the practical impact of our study on the construction industry sets it apart, offering actionable insights that can catalyze more efficient and sustainable supply chain management practices, potentially transforming how construction projects are executed. In summary, the unique methodology, timely relevance, and practical significance of our research make it an invaluable resource poised to attract a broad readership, including industry professionals, policymakers, and researchers, thus amplifying its potential to drive positive change in the field.
Perspectives
This publication represents an exciting convergence of cutting-edge technology and the practical challenges faced by the construction industry. The utilization of the Pythagorean fuzzy-set-based DEMATEL method offers a novel and sophisticated approach to dissecting the intricate web of barriers hindering the adoption of Blockchain Technology (BT) in Construction Supply Chain Management (CSCM). Its timeliness is impeccable, arriving as industries worldwide are increasingly exploring BT's potential in supply chain optimization. This research as a beacon, illuminating the path for stakeholders in construction, as it not only identifies key obstacles but also provides actionable insights, promising more efficient and sustainable supply chain practices. In my view, this publication serves as an invaluable resource, a catalyst for innovation, and a testament to the transformative potential of technology in traditionally grounded sectors.
Mr. Atul Kumar Singh
SRM University
Read the Original
This page is a summary of: Investigating barriers to blockchain adoption in construction supply chain management: A fuzzy-based MCDM approach, Technological Forecasting and Social Change, November 2023, Elsevier,
DOI: 10.1016/j.techfore.2023.122849.
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