Strategic Impacts of Blockchain Adoption on Contractor Decisions in Competitive Construction Markets: A Game-Theoretic Approach

Abstract

AbstractBlockchain applications have obtained extensive attention in the construction industry. However, little research has investigated the effects of blockchain adoption on construction firms’ operation strategies. This paper used a game theoretic ...Practical ApplicationsBlockchain technology is a promising solution to improve data security, visibility, and traceability in the construction industry. Contractor firms in a competitive market may face a trade-off between the potential benefits and the ...