Proceedings of the 2022 European Conference on Computing in Construction

     

Conceptual framework for the adoption of stablecoins (USDT/BUSD) for construction payments

Musa Ayuba Musa 1, Temitope Akanbi 2
1 Ahmadu Bello University
2 University of Toledo


DOI: 10.35490/EC3.2022.167
Abstract: The current global trend is digitalization; however, the architecture, engineering, and construction (AEC) industry has been reluctant in embracing this change. Current strains in the supply chain caused by the on-going pandemic have heightened the need for all industries including the AEC industry to embrace digitalization, especially in the payment of goods and services. A major gap in the adoption of crypto coins / tokens is the high volatility associated with crypto coins. The proposed framework was developed qualitatively to aid in the adoption of stablecoins (USFT/BUSD) for construction payments.
Keywords: Crypto Currencies, Blockchain, Smart Contracts, Volatility
Paper:
EC32022_167