Barriers to the adoption of blockchain technology in the construction industry: a total interpretive structural modeling (T ISM) and DEMAT EL approach
Abstract
Purpose
The purpose of this study is to identify the key barriers to the adoption of blockchain technology (BCT) in the construction industry. This investigation seeks to understand the challenges that hinder the implementation of blockchain in this sector.
Design/methodology/approach
The study begins with a comprehensive review of relevant literature to identify the main barriers to blockchain adoption in construction. It then uses an integrated approach using total interpretive structural modeling (TISM) and Matrice d'Impacts Croisés Multiplication Appliquée à un Classement to investigate the interrelationships among these barriers. In addition, the decision-making trial and evaluation laboratory (DEMATEL) method is used to establish cause-and-effect relationships between the identified barriers.
Findings
The study’s integrated TISM and DEMATEL methodology reveals several crucial barriers to blockchain adoption in the construction industry, including regulatory uncertainty, data privacy and security concerns, limited knowledge and expertise and dependence on blockchain operators. It also identifies scalability issues, uncertain benefits and lack of collaboration as dependent barriers, influenced by other identified barriers.
Originality/value
This study contributes original value by applying an integrated methodological approach to understand the complex interrelationships and dependencies among barriers to blockchain adoption in the construction industry. The findings provide decision-makers with insights to prioritize and effectively manage the key driving barriers, enhancing the understanding and strategic planning for blockchain implementation in this sector.
Keywords
Acknowledgements
The authors acknowledge Ho Chi Minh City University of Technology (HCMUT), VNU-HCM and Industrial University of Ho Chi Minh City for supporting this study.
Citation
Khuc, T.Q., Nguyen, V.T. and Do, S.T. (2024), "Barriers to the adoption of blockchain technology in the construction industry: a total interpretive structural modeling (T ISM) and DEMAT EL approach", Construction Innovation, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/CI-12-2023-0307
Publisher
:Emerald Publishing Limited
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