Scrutinizing the adoption of smart contracts in the MENA Region’s Construction Industry
The construction industry embodies a paramount role in the economic growth of various nations, including the Middle East and North Africa (MENA) region. Despite its significance, the industry faces construction disputes and payment issues, inducing financial losses and project postponements. Consequ...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2025-05-01
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| Series: | Journal of Asian Architecture and Building Engineering |
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| Online Access: | http://dx.doi.org/10.1080/13467581.2024.2329354 |
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| author | Ahmed Gouda Mohamed Fahad K. Alqahtani Mohamed Sherif Sama Moustafa El-Shamie |
| author_facet | Ahmed Gouda Mohamed Fahad K. Alqahtani Mohamed Sherif Sama Moustafa El-Shamie |
| author_sort | Ahmed Gouda Mohamed |
| collection | DOAJ |
| description | The construction industry embodies a paramount role in the economic growth of various nations, including the Middle East and North Africa (MENA) region. Despite its significance, the industry faces construction disputes and payment issues, inducing financial losses and project postponements. Consequently, the construction industry has mutated smart contracts to enhance operational efficiency, which automates contract management tasks and offers perks, including transparency and efficiency. However, the adoption of smart contracts in the MENA construction sector remains limited, and the region lacks thorough research on this topic. This study addresses this gap by examining the level of cognizance and apprehension of smart contracts among construction industry stakeholders in the MENA region. The research employs Structural Equation Modeling (SEM) to analyze the relative importance of implementing smart contracts within different project lifecycle phases and relevant practices and identify the hindrances impacting MENA’s smart contract deployment. A practical implementation of smart contract-based tendering employing the Trakti platform is paraded. The findings unveiled the infancy of smart contract adoption in the MENA construction sector. They revealed the substantial importance of implementing smart contracts in the Project Execution Phase, Project Closure, and Monitoring and Control Phase, attaining relative weights of 23.23%, 21.62%, and 20.50%, respectively. |
| format | Article |
| id | doaj-art-1d425ebf118d463bb344189e2fa084fe |
| institution | DOAJ |
| issn | 1347-2852 |
| language | English |
| publishDate | 2025-05-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Journal of Asian Architecture and Building Engineering |
| spelling | doaj-art-1d425ebf118d463bb344189e2fa084fe2025-08-20T02:58:41ZengTaylor & Francis GroupJournal of Asian Architecture and Building Engineering1347-28522025-05-012431558157710.1080/13467581.2024.23293542329354Scrutinizing the adoption of smart contracts in the MENA Region’s Construction IndustryAhmed Gouda Mohamed0Fahad K. Alqahtani1Mohamed Sherif2Sama Moustafa El-Shamie3The British University in EgyptKing Saud UniversityCollege of Engineering, The University of Hawaiʻi at ManoaThe British University in EgyptThe construction industry embodies a paramount role in the economic growth of various nations, including the Middle East and North Africa (MENA) region. Despite its significance, the industry faces construction disputes and payment issues, inducing financial losses and project postponements. Consequently, the construction industry has mutated smart contracts to enhance operational efficiency, which automates contract management tasks and offers perks, including transparency and efficiency. However, the adoption of smart contracts in the MENA construction sector remains limited, and the region lacks thorough research on this topic. This study addresses this gap by examining the level of cognizance and apprehension of smart contracts among construction industry stakeholders in the MENA region. The research employs Structural Equation Modeling (SEM) to analyze the relative importance of implementing smart contracts within different project lifecycle phases and relevant practices and identify the hindrances impacting MENA’s smart contract deployment. A practical implementation of smart contract-based tendering employing the Trakti platform is paraded. The findings unveiled the infancy of smart contract adoption in the MENA construction sector. They revealed the substantial importance of implementing smart contracts in the Project Execution Phase, Project Closure, and Monitoring and Control Phase, attaining relative weights of 23.23%, 21.62%, and 20.50%, respectively.http://dx.doi.org/10.1080/13467581.2024.2329354smart contractsmena’s region construction sectordigitalizationstructure equation modelingrelative importance weight |
| spellingShingle | Ahmed Gouda Mohamed Fahad K. Alqahtani Mohamed Sherif Sama Moustafa El-Shamie Scrutinizing the adoption of smart contracts in the MENA Region’s Construction Industry Journal of Asian Architecture and Building Engineering smart contracts mena’s region construction sector digitalization structure equation modeling relative importance weight |
| title | Scrutinizing the adoption of smart contracts in the MENA Region’s Construction Industry |
| title_full | Scrutinizing the adoption of smart contracts in the MENA Region’s Construction Industry |
| title_fullStr | Scrutinizing the adoption of smart contracts in the MENA Region’s Construction Industry |
| title_full_unstemmed | Scrutinizing the adoption of smart contracts in the MENA Region’s Construction Industry |
| title_short | Scrutinizing the adoption of smart contracts in the MENA Region’s Construction Industry |
| title_sort | scrutinizing the adoption of smart contracts in the mena region s construction industry |
| topic | smart contracts mena’s region construction sector digitalization structure equation modeling relative importance weight |
| url | http://dx.doi.org/10.1080/13467581.2024.2329354 |
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