Propose suggestions to implement blockchain technology to improve the productivity of Sri Lankan construction industry

Abstract

National economic growth relies heavily on the construction industry. As a result, many jobs and income are created for overall society by the infrastructure provided by it. In the construction industry, numerous disputes and litigation problems have arisen about payments withheld, quality fraud, and data authentication. Researchers and practitioners have recognized that construction project business processes lack transparency and accountability (Rebecca Yang a, 2020). Supply chain developments in the construction industry are being handicapped by a drop in mean value and a rise in transactions. In construction supply chains, low trust has been an ongoing problem for a long time, because of decentralized teamwork. Through digital technology, it may be possible to achieve the criteria of centralized teamwork with high transparency. It is the primary purpose of these technologies to increase trust, visibility, and traceability as well as strengthen partnerships among key stakeholders regarding the sustainability of the materials (Yang et al., 2020). Many applications of this technology have been proposed and discovered recently in the construction industry (Khawar Ahmed Khan, 2021).Proposing suggestions to implement blockchain in the Sri Lankan construction industry and improving its productivity are the main objectives of this thesis.