Abstract
This research aims to develop a multicriteria decision matrix (MCDM) for project management practitioners, which will support blockchain type selection, evaluate blockchain platforms, and plan blockchain systems. The MCDM is substantiated through a case study, which includes a questionnaire and an illustrative example pertinent to the construction industry. It was discovered in this study that consortium blockchain is superior in dealing with the characteristics of projects, and Hyperledger Fabric is chosen as the best applicable platform. In planning a blockchain-based project management system, project management practitioners should consider user requirements such as network participants, principal transactions, communication channels, and smart contracts.
| Original language | English |
|---|---|
| Pages (from-to) | 84-99 |
| Number of pages | 16 |
| Journal | Project Management Journal |
| Volume | 53 |
| Issue number | 1 |
| Early online date | 20 Dec 2021 |
| DOIs | |
| Publication status | Published - Feb 2022 |
| Externally published | Yes |
Bibliographical note
Publisher Copyright:© 2021 Project Management Institute, Inc.
Funding
The work presented in this article was financially supported by the Hong Kong Innovation and Technology Commission (ITC) with the Innovation and Technology Fund (ITF) (No. ITP/029/20LP).
Keywords
- blockchain
- construction
- decision matrix
- multicriteria decision-making
- project