Potential application areas and benefits of blockchain-enabled smart contracts adoption in infrastructure Public-private partnership (PPP) projects
The traditional, paper-centric infrastructure public-private partnership (PPP) contracts have experienced record numbers of failures and terminations due to contract compliance issues, lack of trust and transparency, and information distortions. While studies on the adoption of blockchain and smart...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-06-01
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| Series: | Sustainable Futures |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666188825000474 |
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| author | Emmanuel Chidiebere Eze Ernest Effah Ameyaw |
| author_facet | Emmanuel Chidiebere Eze Ernest Effah Ameyaw |
| author_sort | Emmanuel Chidiebere Eze |
| collection | DOAJ |
| description | The traditional, paper-centric infrastructure public-private partnership (PPP) contracts have experienced record numbers of failures and terminations due to contract compliance issues, lack of trust and transparency, and information distortions. While studies on the adoption of blockchain and smart contracts in PPP are still growing, a quantitative survey of global experts on the application areas and potential benefits of Blockchain-enabled smart contracts (BSC) in the context of PPP is lacking. This study comprehensively examined the potential application areas and benefits of BSC adoption in infrastructure PPP projects to understand their impact on the decision to digitalise PPP and ensure sustainable PPP project performance. The snowball sampling technique and questionnaire were used to gather data from experts across countries. Data analysis was done using means analysis, normalisation value, coefficient of variation, Kendall's coefficient of concordance, Kruskal-Wallis test and partial least square-structural equation modelling (PLS-SEM). The study found high awareness and knowledge of the potential benefits of smart contract adoption in infrastructure PPP projects. The leading benefits of BSC adoption in PPP are (1) decentralisation of payments and other transactions, (2) enhancing supply chain visibility and integration, (3) the autonomy in contract administration, (4) prevent misapplication of contractual provisions, and (5) enhances alternative dispute resolution (ADR). The PLS-SEM revealed that six of the eight hypothetical paths were significant. This study advocated for promoting the digitalisation of infrastructure PPP projects. It could serve as an essential resource to policymakers and industry professionals in their quest to improve PPP project performance and minimise failures. |
| format | Article |
| id | doaj-art-81b41ab000b24723ad1e914636cee96e |
| institution | Kabale University |
| issn | 2666-1888 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Sustainable Futures |
| spelling | doaj-art-81b41ab000b24723ad1e914636cee96e2025-02-06T05:12:49ZengElsevierSustainable Futures2666-18882025-06-019100477Potential application areas and benefits of blockchain-enabled smart contracts adoption in infrastructure Public-private partnership (PPP) projectsEmmanuel Chidiebere Eze0Ernest Effah Ameyaw1Corresponding author.; Department of Architecture and Built Environment, Northumbria University Newcastle, Newcastle-upon-Tyne, United KingdomDepartment of Architecture and Built Environment, Northumbria University Newcastle, Newcastle-upon-Tyne, United KingdomThe traditional, paper-centric infrastructure public-private partnership (PPP) contracts have experienced record numbers of failures and terminations due to contract compliance issues, lack of trust and transparency, and information distortions. While studies on the adoption of blockchain and smart contracts in PPP are still growing, a quantitative survey of global experts on the application areas and potential benefits of Blockchain-enabled smart contracts (BSC) in the context of PPP is lacking. This study comprehensively examined the potential application areas and benefits of BSC adoption in infrastructure PPP projects to understand their impact on the decision to digitalise PPP and ensure sustainable PPP project performance. The snowball sampling technique and questionnaire were used to gather data from experts across countries. Data analysis was done using means analysis, normalisation value, coefficient of variation, Kendall's coefficient of concordance, Kruskal-Wallis test and partial least square-structural equation modelling (PLS-SEM). The study found high awareness and knowledge of the potential benefits of smart contract adoption in infrastructure PPP projects. The leading benefits of BSC adoption in PPP are (1) decentralisation of payments and other transactions, (2) enhancing supply chain visibility and integration, (3) the autonomy in contract administration, (4) prevent misapplication of contractual provisions, and (5) enhances alternative dispute resolution (ADR). The PLS-SEM revealed that six of the eight hypothetical paths were significant. This study advocated for promoting the digitalisation of infrastructure PPP projects. It could serve as an essential resource to policymakers and industry professionals in their quest to improve PPP project performance and minimise failures.http://www.sciencedirect.com/science/article/pii/S2666188825000474Blockchain technologySmart contractLong-term infrastructurePublic-private partnershipsPLS-SEMConstruction industry |
| spellingShingle | Emmanuel Chidiebere Eze Ernest Effah Ameyaw Potential application areas and benefits of blockchain-enabled smart contracts adoption in infrastructure Public-private partnership (PPP) projects Sustainable Futures Blockchain technology Smart contract Long-term infrastructure Public-private partnerships PLS-SEM Construction industry |
| title | Potential application areas and benefits of blockchain-enabled smart contracts adoption in infrastructure Public-private partnership (PPP) projects |
| title_full | Potential application areas and benefits of blockchain-enabled smart contracts adoption in infrastructure Public-private partnership (PPP) projects |
| title_fullStr | Potential application areas and benefits of blockchain-enabled smart contracts adoption in infrastructure Public-private partnership (PPP) projects |
| title_full_unstemmed | Potential application areas and benefits of blockchain-enabled smart contracts adoption in infrastructure Public-private partnership (PPP) projects |
| title_short | Potential application areas and benefits of blockchain-enabled smart contracts adoption in infrastructure Public-private partnership (PPP) projects |
| title_sort | potential application areas and benefits of blockchain enabled smart contracts adoption in infrastructure public private partnership ppp projects |
| topic | Blockchain technology Smart contract Long-term infrastructure Public-private partnerships PLS-SEM Construction industry |
| url | http://www.sciencedirect.com/science/article/pii/S2666188825000474 |
| work_keys_str_mv | AT emmanuelchidiebereeze potentialapplicationareasandbenefitsofblockchainenabledsmartcontractsadoptionininfrastructurepublicprivatepartnershippppprojects AT ernesteffahameyaw potentialapplicationareasandbenefitsofblockchainenabledsmartcontractsadoptionininfrastructurepublicprivatepartnershippppprojects |