Assessment of Blockchain Smart Contracts Usage for Sustainable Construction Projects in Nigeria.

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dc.contributor.authorAderonmu, Peter A.
dc.date.accessioned2025-01-30T12:07:00Z
dc.date.available2025-01-30T12:07:00Z
dc.date.issued2024-10
dc.description.abstractInnovative technologies such as blockchain smart contracts have been developed to digitalize traditional paper contracts, handle delay in payments, disputes and lack of trust among parties to a contract. Hence, this study aims to evaluate the application of blockchain smart contracts in the Nigerian construction industry, with a view to recommending its adoption strategies for sustainable construction projects. The study adopted the quantitative research approach through a questionnaire survey. Data was collected from 182 stakeholders in the Nigerian construction industry through a snowballing sampling technique; these stakeholders were grouped as clients, contractors, and consultants. The analysis was done using descriptive statistics, while Cronbach’s Alpha was used to test for reliability. The analysis revealed that the three groups of stakeholders were not aware of the features of blockchain smart contracts since the outcome ranked below the average mean item score. The findings also revealed that 83.5% of the stakeholders have never used blockchain smart contracts in construction projects. Moreover, the analysis on the readiness to use blockchain smart contracts showed that the stakeholders were fairly ready to use the innovative technology in contracts since the findings ranked above the average mean item score. The study recommends the need for stakeholders’ training on the benefits and usability of blockchain smart contracts, and government policies that will facilitate its adoption in the Nigerian construction industry. This paper offers valuable insights into the readiness of stakeholders to use blockchain technology as a smart contractual arrangement in Nigeria
dc.identifier.isbn978–9988–3–9138–6
dc.identifier.urihttps://repository.run.edu.ng/handle/123456789/4214
dc.language.isoen
dc.publisherJoint Safety, Health, and Well-being in Construction (W099) and People in Construction (W123)
dc.titleAssessment of Blockchain Smart Contracts Usage for Sustainable Construction Projects in Nigeria.
dc.typeOther
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