Proceedings of the 2022 European Conference on Computing in Construction


Blockchain, a transformation of new financing and management progress of megaprojects in the context of smart contracts with the usage of metaverse and oracle

Mohammad Amin Moradi 1, Navid Niazkar 2, Alireza Dehmardan 1
1 School of Architecture and Engineering, University College of Rouzbahan,Mazandaran,Iran
2 A. James Clark School of Engineering, University of Maryland, College Park, MD, USA

DOI: 10.35490/EC3.2022.214
Abstract: Today the emergence of many technologies has transformed the financial and commercial sectors. Blockchain is considered one of the emerging technologies in various industries. Blockchain financing allows investors to choose projects they trust and participate in without the need for third-party intermediaries. According to the main features of blockchain, using it in crowdfunding makes this process more reliable. This study presents a model based on a smart contract on the Ethereum blockchain network and integrates the (ICO) and (IPO) models. As a result, the shareholders can track the project's progress via its corresponding Digital Twins in its respective Metaverse.
Keywords: Blockchain, Metaverse, Smart Contract, Oracle, crowdfunding