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Smart Contract Application in Resisting Extreme Weather Risks for the Prefabricated Construction Supply Chain: Prototype Exploration and Assessment

Author

Listed:
  • Zhu-Jun Wang

    (Xi’an Jiaotong University
    University of Maryland)

  • Yangyang Sun

    (Nanjing University of Science and Technology)

  • Qin Su

    (Xi’an Jiaotong University)

  • Muhammet Deveci

    (National Defence University
    Royal School of Mines, Imperial College London
    Lebanese American University)

  • Kannan Govindan

    (Shanghai Maritime University
    University of Adelaide
    Woxsen University)

  • Mirosław J. Skibniewski

    (University of Maryland
    Chaoyang University of Technology
    Polish Academy of Sciences)

  • Zhen-Song Chen

    (Wuhan University)

Abstract

The increasing frequency of extreme weather (EW) events has created significant vulnerabilities in the normal operations of the prefabricated construction supply chain (PCSC). This study aims to enhance the resilience of the PCSC against EW by utilizing smart contracts. The study proposes a prototype smart contract application to mitigate the risks posed by EW to the PCSC. Additionally, it identifies 28 potential barriers affecting smart contract adoption in the PCSC using the Technology-Organization-Environment framework. Furthermore, the paper presents a multi-objective optimization-based group decision-making method to assess the feasibility of smart contract adoption in the PCSC. An online survey was then conducted among 50 stakeholders from various links of the PCSC to gather insights into smart contract adoption. The results indicate that stakeholder awareness of smart contracts and the current corporate level are the most influential factors in decision-making. This research extends the application of smart contracts to risk management within the PCSC, offering valuable insights for stakeholders to enhance resilience and address the adverse effects of EW proactively.

Suggested Citation

  • Zhu-Jun Wang & Yangyang Sun & Qin Su & Muhammet Deveci & Kannan Govindan & Mirosław J. Skibniewski & Zhen-Song Chen, 2024. "Smart Contract Application in Resisting Extreme Weather Risks for the Prefabricated Construction Supply Chain: Prototype Exploration and Assessment," Group Decision and Negotiation, Springer, vol. 33(5), pages 1049-1087, October.
    • Handle: RePEc:spr:grdene:v:33:y:2024:i:5:d:10.1007_s10726-024-09877-x
    DOI: 10.1007/s10726-024-09877-x
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