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ORIGINAL RESEARCH article

Front. Built Environ.
Sec. Construction Management
Volume 10 - 2024 | doi: 10.3389/fbuil.2024.1478239
This article is part of the Research Topic Doctoral Research in Construction Management View all 10 articles

Analysing critical success factor of smart contract in construction industry with DANP approach

Provisionally accepted
Hooman Rasti Hooman Rasti 1*Ardalan Feili Ardalan Feili 1*Shahryar Sorooshian Shahryar Sorooshian 2*
  • 1 Apadana institute of higher education, shiraz, Iran
  • 2 University of Gothenburg, Gothenburg, Sweden

The final, formatted version of the article will be published soon.

    In all country construction projects include an enormous number of financial transactions and it's necessary that the contracts between stakeholders should be more advanced in technology. The advance of Blockchain technology has been incontrovertible in recent years and this allowed the contracts to be programmed on Blockchain as smart contracts. The main goal of this paper is to identify and prioritize critical success factors of Smart Contracts in the construction industry. For identifying factors, we used library study and for prioritizing them, field study. To collect data, we designed a DANP questionnaire, from a panel senior managers and engineering experts. The results show that technology maturity is the most important factor in Smart Contract success; security of contracts, support from the engineering community, stakeholders' consideration, and competition in the building industry were other important factors which took their next levels.

    Keywords: Smart contracts, Blockchain, success factors, Construction, Industry

    Received: 24 Aug 2024; Accepted: 11 Nov 2024.

    Copyright: © 2024 Rasti, Feili and Sorooshian. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

    * Correspondence:
    Hooman Rasti, Apadana institute of higher education, shiraz, Iran
    Ardalan Feili, Apadana institute of higher education, shiraz, Iran
    Shahryar Sorooshian, University of Gothenburg, Gothenburg, Sweden

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