A blockchain based smart contract approach for IPD contracts in construction

Blockchain is a recent technology which is getting more and more attention in many different domains including the construction
industry. Until now, no research has been done on the possibilities of blockchain for Integrated Project Delivery (IPD), a relatively
recent kind of more collaborative project organisation in construction. By combining research conceptualizing IPD governance as a common-pool resource (CPR) scenario and literature showing congruences between blockchain affordances and the governance of CPR, this study shows why blockchain could be used in IPD and lists different use cases. The first category of use cases proposed is the digitalisation of business processes which could increase efficiency, transparency and scalability. The second one is the design of new incentives allowed by the blockchain capacity to securely manage any type of value without a central authority. To facilitate the development new incentives, recommendations are
made to analyse IPD as a complex system. Finally, a showcase application has been developed on the Ethereum blockchain to concretely showcase the potential.

JavaScript has been disabled in your browser