Singh, A K and Kumar, V (2024) Establishing the relationship between the strategic factors influencing blockchain technology deployment for achieving sdg and esg objectives during infrastructure development: An ism-MICMAC approach. Smart and Sustainable Built Environment, 13(3), pp. 711-736. ISSN 2046-6099
Abstract
Purpose: Implementing blockchain in sustainable development goals (SDGs) and environmental, social and governance (ESG)-aligned infrastructure development involves intricate strategic factors. Despite technological advancements, a significant research gap persists, particularly in emerging economies. This study aims to address the challenges related to SDGs and ESG objectives during infrastructure delivery remain problematic, identifying and evaluating critical strategic factors for successful blockchain implementation. Design/methodology/approach: This study employs a three-stage methodology. Initially, 13 strategic factors are identified through a literature review and validated by conducting semi-structured interviews with six experts. In the second stage, the data were collected from nine additional experts. In the final stage, the collected data undergoes analysis using interpretive structural modeling (ISM)–cross-impact matrix multiplication applied to classification (MICMAC), aiming to identify and evaluate the independent and dependent powers of strategic factors driving blockchain implementation in infrastructure development for SDGs and ESG objectives. Findings: The study’s findings highlight three significant independent factors crucial for successfully integrating blockchain technology (BT) into infrastructure development for SDGs and ESG goals: data security (F4), identity management (F8) and supply chain management (F7). The study unravels these factors, hierarchical relationships and dependencies by applying the MICMAC and ISM techniques, emphasizing their interconnectedness. Originality/value: This study highlights critical strategic factors for successful blockchain integration in SDG and ESG-aligned infrastructure development, offering insights for policymakers and practitioners while emphasizing the importance of training and infrastructure support in advancing sustainable practices.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | blockchain; environmental, social and governance; infrastructure industry; interpretive structural modeling; sustainable development goals |
| Index terms: | literature review, infrastructure delivery, infrastructure development, interview, methodology, integration, practitioner, emerging economy, interpretive structural modelling, sustainable practice, governance, implementation, blockchain, identity, sustainable development goal |
| Subjects: | strategic project management, data analysis and analytics, contractual arrangements, business, data collection methods, practitioner, computing systems, sociology, sustainable practices, organizational analysis, research methods, economic development, infrastructure engineering, sustainable design |
| Topics: | Engineering Principles, Project Management, Research Practice, Roles and Professions, Governance, Sustainability, Procurement, Digital Applications, International Construction, Organizational Design |
| Descriptive scope: | 5 PCTEA |
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