Smart City Gnosys
Smart city article details
| Title | Enterprise Blockchain Solutions For Vibrant Construction Ecosystem: Grey Ordinal Priority Approach |
|---|---|
| ID_Doc | 24151 |
| Authors | Sadeghi M.; Mahmoudi A.; Deng X.; Moslemi Naeni L. |
| Year | 2024 |
| Published | Grey Systems, 14, 1 |
| DOI | http://dx.doi.org/10.1108/GS-07-2023-0060 |
| Abstract | Purpose: The aim of this article states that in each stage of the industrial revolution, only a few initiatives have been real game changers. In Industry 3.0, “Internet of Information” has transformed the business landscape via connectivity and communications. Enterprises could come together to spur innovation in a cooperative or competitive manner. In Industry 4.0, the “Internet of Value” has shown considerable benefits; and, blockchain technology is expected to touch all layers of a business ecosystem, and the construction industry is not an exception. Design/methodology/approach: This study aims to answer the “How do enterprise blockchain solutions contribute to the vibrancy of the construction ecosystem from social, economic, and environmental aspects?” Following a comprehensive literature review, the Grey Ordinal Priority Approach (OPA-G) is employed in multiple criteria decision analysis (MCDA). OPA-G can select functionally rich enterprise blockchain solutions that meet the needs of the future construction industry, while there is uncertainty in the input data. Findings: The results from the case study show that organization under observation welcomes an enterprise blockchain solution that delivers services related to “renewable energy certificates” in the context of “smart cities and built environment”. Employing high-ranked blockchain solutions brings vibracy and sustainability to construction ecosystem in terms of “C6. decentralized finance and investment,” “C3. multi-party and cross-industry collaboration,” and “C8. data-driven value creation”. Originality/value: At the micro level, blockchain solutions automate processes, streamline operations, and build new capacities on a new business model. At the macro level, blockchain creates a vibrant ecosystem based on transparency, decentralization, consensus-based democracy, interoperability, etc. Indeed, the capability of blockchain solutions at an enterprise scale (enterprise blockchain solutions) can shape a new construction ecosystem. The practical implications of current research are preparing executives for a fundamentally different next normal in construction. © 2023, Emerald Publishing Limited. |
| Author Keywords | Distributed ledger technology; Enterprise blockchain solutions; Grey Ordinal Priority Approach (OPA-G); Multiple-criteria decision analysis (MCDA); Sustainable construction industry; Vibrant construction ecosystem |
Similar Articles
| Id | Similarity | Authors | Title | Published |
|---|---|---|---|---|
12559  | 0.878 | Liu H.; Han S.; Zhu Z. | Blockchain Technology Toward Smart Construction: Review And Future Directions | Journal of Construction Engineering and Management, 149, 3 (2023) |
| 10098 | 0.871 | Elghaish F.; Matarneh S.T.; Edwards D.J.; Pour Rahimian F.; El-Gohary H.; Ejohwomu O. | Applications Of Industry 4.0 Digital Technologies Towards A Construction Circular Economy: Gap Analysis And Conceptual Framework | Construction Innovation, 22, 3 (2022) |
| 4321 | 0.87 | Akinradewo O.; Aigbavboa C.; Oke A.; Edwards D. | A Roadmap For Present Focus And Future Trends Of Blockchain Technology In The Built Environment | African Journal of Science, Technology, Innovation and Development, 15, 2 (2023) |
| 45948 | 0.869 | Sawant R.; Joshi D.; Menon R.; Wadalkar S. | Research Trends And Impacts Of Blockchain Technology In Construction Sector: Scientistometric Study; [Investigación Tendencias E Impactos De La Tecnología Blockchain En El Sector De La Construcción: Estudio Cienciométrico] | Data and Metadata, 3 (2024) |
| 62191 | 0.868 | Tezel A.; Kifokeris D.; Formoso C.; Koskela L.; Koch C. | Α Conceptual Framework For Lean Construction And Blockchain Synergy | 30th Annual Conference of the International Group for Lean Construction, IGLC 2022 (2022) |
| 54565 | 0.852 | Reynoso Vanderhorst H.; Heesom D.; Yenneti K. | Technological Advancements And The Vision Of A Meta Smart Twin City | Technology in Society, 79 (2024) |