Okanlawon, T T; Oyewobi, L O and Jimoh, R A (2023) Evaluation of the drivers to the implementation of blockchain technology in the construction supply chain management in Nigeria. Journal of Financial Management of Property and Construction, 28(3), pp. 459-476. ISSN 1366-4387
Abstract
Purpose: Blockchain technology (BT) is a relatively new technological innovation in all industries, including the construction industry, that is used to improve supply chain management. Therefore, this study assesses the drivers for the implementation of BT in the construction supply chain management in Nigeria. Design/methodology/approach: This study used a quantitative research approach, with a questionnaire survey administered to professionals in the Nigerian construction industry using the snowball sampling method, yielding 155 respondents. The collected data were analysed using descriptive and exploratory factor analysis (EFA) while Cronbach’s alpha was used to evaluate the reliability. Findings: The analysis revealed that all the identified drivers ranked higher than the average mean item score, with level of awareness of the new technology and data management ranking topmost. The identified drivers were clustered into five categories using EFA: technological driver, social-economic driver, management driver, transparency and security driver and information driver. Research limitations/implications: This research was carried out in the Southwestern region which is one of the six geo-political zones in Nigeria using a cross-sectional survey method. Practical implications: The findings will be extremely useful to both professionals and practitioners in the Nigerian construction industry in gaining knowledge about the potential drivers to the implementation of BT in construction supply chain management. Originality/value: The research categorized the drivers into technological, social-economic, management, transparency and security and information driver. It also identified that level of awareness of BT as the major driver in the implementation of BT in construction supply chain management.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | blockchain; construction industry; drivers; innovative technologies; Nigeria; supply chain |
| Index terms: | methodology, questionnaire, practitioner, exploratory factor analysis, survey, sampling, technological innovation, construction supply chain, construction industry, implementation, blockchain, transparency, new technology, quantitative research, data management, Nigeria |
| Subjects: | construction logistics, computing systems, practitioner, data collection methods, innovation and technology management, contractual arrangements, data analysis and analytics, Geography, professional development, research methods, industry analysis, statistical analysis, data management |
| Topics: | Information Management, Engineering Principles, Research Practice, Geographical Context, Roles and Professions, Procurement, Digital Applications, Supply Chain Management |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here