Strategic Roadmap to Achieve Successful Implementation of Blockchain Technology in Construction Contract Management

As digital transformation accelerates, innovation has become vital for enhancing organizational competitiveness in the construction industry. Despite this progress, contract management remains hindered by inadequate information sharing, payment delays, and supply chain inefficiencies. Blockchain technology offers a promising solution, as it introduces a transformative paradigm for managing construction contracts. This study investigates the impact of blockchain technology implementation on construction contract management and explores strategies to facilitate its implementation. Through a comprehensive literature review, the research identified critical factors influencing its integration, including stakeholder commitment, regulatory issues, technological infrastructure, and managerial aspects. Based on these insights, an initial framework is developed to illustrate the interactions among these factors. A questionnaire survey is then conducted with selectively targeted participants with relevant experience. The collected data are analyzed using structural equation modeling (SEM), and a focus group study is conducted to validate the findings. The study culminates in a strategic roadmap designed to guide the adoption of blockchain technology in construction contract management, which offers a comprehensive perspective and provides practical strategic recommendations. Its key novelty lies in its specific focus on blockchain-enabled construction contract management, distinguishing it from prior country-specific or use-case-limited roadmaps. Findings reveal that the immature industry does not deter motivated companies from implementing blockchain technology driven by the integration of advanced digital solutions. Blockchain technology primarily enhances data management, monitoring, and knowledge-sharing processes, enabling more informed decision-making, which highlights its potential to improve overall industry efficiency. By exploring blockchain's potential and revealing the critical factors, this research provides valuable insights for organizations considering its implementation.