The Potentials and Impacts of Blockchain Technology in Construction Industry: A Literature Review

Today, the Blockchain Technology has been widely explored and continuously revolutionising many sectors around the world, including construction industry. Construction industry need blockchain technology to improve the current limitation of centralised technology in its various project life-cycle. In this paper, we presented literature review, aimed to identify the potentials of Blockchain applications in construction industry. This paper also reviewed the unique features behind the blockchain technology which trigger its capabilities in construction industry. Paper further discussed the implications of the blockchain application if it were adopted in construction industry. In short, Blockchain technology is still relatively new in construction industry and further deep research is needed to develop real life on-hand application for construction industry in near future.