The Potential of Blockchain for Financial Control in Construction Supply Chains

Blockchain technology is able to guarantee an immutable data record which could avoid disputes and litigations. It could also significantly reduce time and costs through process automation. The technology presents a potential solution for the many legal barriers in BIM, regarding ownership of information. This thesis will continue research based on these hypotheses by experimenting within a project transcending partnership in the Dutch social housing sector. For these partnerships alignment of business objectives and commercial interests is still lacking. An overarching goal through benefit-sharing agreements could be implemented by blockchain-enabled contract management. This could potentially result in better financial control and a lucrative business case, which are instrumental for actual adoption of new innovations.Civil Engineering | Construction Management and Engineerin