The Role of Blockchain in Enhancing Trust: A Construction Project Governance Approach

Seongha Hwang1, Karen Blay1, Mohamed Osmani1, Mingzhu Wang2
1 Loughborough University, United Kingdom
2 City University of Hong Kong, China
DOI: 10.35490/EC3.2024.270
Abstract: Construction project governance (CPG) offers a strategic framework to guide participants through complex construction projects. Emphasizing the trust mechanism within CPG is crucial for managing inter-organizational relationships. Blockchain (BC) can serve as an enabler for trust-based CPG by facilitating and regulating relationships at the project level. Accordingly, this paper aims to identify CPG’s trust requirements and assess the relationship between CPG’s trust requirements and BC’s characteristics through a state-of-the-art review. The results indicate that integrating BC’s distinctive characteristics across project delivery can enhance CPG’s trust requirements. This study presents comprehensive guidelines for developing a trust-based CPG model.
Keywords: Blockchain (BC), Construction project governance (CPG), Project Governance Theories, Trust Requirements

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