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Automated Construction Payment Using Blockchain-Enabled Smart Contracts and Building Information Modelling
June 2022 • Sandra Matarneh, Faris Elghaish, Farzad Pour Rahimian, Nashwan Dawood
The potential of blockchain in the construction sector has been recognized in existing literature, as well as its capacity to be integrated into construction projects to automate financial transactions for increased transparency, security, and control. Permissioned blockchain, according to existing research, can be utilized to create a business network among project participants due to its features being compatible with the nature of the construction sector. This article lays out a framework for introducing permis…