Evaluation of the drivers to the implementation of blockchain technology in the construction supply chain management in Nigeria

Abstract

Purpose

Blockchain technology (BT) is a relatively new technological innovation in all industries, including the construction industry, that is used to improve supply chain management. Therefore, this study assesses the drivers for the implementation of BT in the construction supply chain management in Nigeria.

Design/methodology/approach

This study used a quantitative research approach, with a questionnaire survey administered to professionals in the Nigerian construction industry using the snowball sampling method, yielding 155 respondents. The collected data were analysed using descriptive and exploratory factor analysis (EFA) while Cronbach’s alpha was used to evaluate the reliability.

Findings

The analysis revealed that all the identified drivers ranked higher than the average mean item score, with level of awareness of the new technology and data management ranking topmost. The identified drivers were clustered into five categories using EFA: technological driver, social-economic driver, management driver, transparency and security driver and information driver.

Research limitations/implications

This research was carried out in the Southwestern region which is one of the six geo-political zones in Nigeria using a cross-sectional survey method.

Practical implications

The findings will be extremely useful to both professionals and practitioners in the Nigerian construction industry in gaining knowledge about the potential drivers to the implementation of BT in construction supply chain management.

Originality/value

The research categorized the drivers into technological, social-economic, management, transparency and security and information driver. It also identified that level of awareness of BT as the major driver in the implementation of BT in construction supply chain management.

Citation

Okanlawon, T.T., Oyewobi, L.O. and Jimoh, R.A. (2023), "Evaluation of the drivers to the implementation of blockchain technology in the construction supply chain management in Nigeria", Journal of Financial Management of Property and Construction, Vol. 28 No. 3, pp. 459-476. https://doi.org/10.1108/JFMPC-11-2022-0058