Pregled bibliografske jedinice broj: 1031215
Blockchain Strategy for Minimizing Information Asymmetry in Construction Projects
Blockchain Strategy for Minimizing Information Asymmetry in Construction Projects // 14th International Conference: Organization, Technology and Management in Construction / Završki, Ivica ; Cerić, Anita ; Vukomanović, Mladen ; Huemann, Martina ; Ronggui, Ding (ur.).
Zagreb: Građevinski fakultet Sveučilišta u Zagrebu, 2019. str. 494-506 (poster, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
Blockchain Strategy for Minimizing Information Asymmetry in Construction Projects
Autori
Cerić, Anita
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
14th International Conference: Organization, Technology and Management in Construction
/ Završki, Ivica ; Cerić, Anita ; Vukomanović, Mladen ; Huemann, Martina ; Ronggui, Ding - Zagreb : Građevinski fakultet Sveučilišta u Zagrebu, 2019, 494-506
ISBN
978-953-7686-08-6
Skup
14th International Conference: Organization, Technology and Management in Construction (OTMC) and 7th International Project Management Association Research Conference (IPMA)
Mjesto i datum
Zagreb, Hrvatska, 04.09.2019. - 07.09.2019
Vrsta sudjelovanja
Poster
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
blockchain ; information asymmetry ; construction projects ; trust
Sažetak
Good communication between project participants is crucial for success of construction projects. However, there is information asymmetry between project participants even though they work on the same projects and want to achieve the same project goals. Information asymmetry is the situation in which one of the two parties is better informed than the other. One of the best known applications of information asymmetry in economics is the principal-agent problem. Information asymmetry causes communication risk that appears in every phase of the construction projects. Due to complexity of construction projects and the number of participants involved, blockchain technology would help to decrease information asymmetry. This technology ensures that all project participants have access to all the information exchanged between them over the duration of a project. It can thus radically reduce information asymmetries and secure more trustful relationships between project participants. This paper offers a framework for implementation of blockchain technology in construction projects in order to minimise information asymmetry, increase transparency, and enhance trust between project participants.
Izvorni jezik
Engleski
Znanstvena područja
Građevinarstvo
