Possible Impacts of Smart Contracts on Construction Claim Management

Vedat Nalioğlu*, Hazal Tokdemir, Deniz Artan

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Özet

The information age and digital transformation challenge the construction industry's traditional business methods and current dynamics. Smart contracts are recently adopted in the construction industry to digitally facilitate the exchange of money, content, property, shares, and digitized asset. In this context, the usage of smart contracts is expected to impact the claims encountered in construction projects and the traditional claim management processes. This study aims to analyze the possible effects of smart contracts on construction claim management. A structured literature analysis was undertaken to determine the benefits that smart contracts may offer in this context. As a result, a research roadmap is developed to discuss the steps needed to integrate smart contracts in the construction claim management field. The study findings show that smart contracts may have considerable benefits in the claim management process including, record integrity, elimination of unnecessary bureaucracy, reliability of documents, reduction of transaction costs, and enhancing transparency.

Orijinal dilİngilizce
Ana bilgisayar yayını başlığıBuilding for the Future
Ana bilgisayar yayını alt yazısıDurable, Sustainable, Resilient - Proceedings of the Symposium 2023 - Volume 2
EditörlerAlper Ilki, Derya Çavunt, Yavuz Selim Çavunt
YayınlayanSpringer Science and Business Media Deutschland GmbH
Sayfalar1631-1639
Sayfa sayısı9
ISBN (Basılı)9783031325106
DOI'lar
Yayın durumuYayınlandı - 2023
EtkinlikInternational Symposium of the International Federation for Structural Concrete, fib Symposium 2023 - Istanbul, Turkey
Süre: 5 Haz 20237 Haz 2023

Yayın serisi

AdıLecture Notes in Civil Engineering
Hacim350 LNCE
ISSN (Basılı)2366-2557
ISSN (Elektronik)2366-2565

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???event.eventtypes.event.conference???International Symposium of the International Federation for Structural Concrete, fib Symposium 2023
Ülke/BölgeTurkey
ŞehirIstanbul
Periyot5/06/237/06/23

Bibliyografik not

Publisher Copyright:
© 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.

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