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Article
Publication date: 6 November 2024

Namal Gamage, A.P. Krishni Kavindya Ambagala, Samudaya Nanayakkara and Srinath Perera

The construction industry is often criticised due to inherited challenges: poor payment practices, inadequate collaboration, etc. Blockchain has the potential to address these…

Abstract

Purpose

The construction industry is often criticised due to inherited challenges: poor payment practices, inadequate collaboration, etc. Blockchain has the potential to address these issues with its salient features. Nonetheless, adopting blockchain and smart contracts (B&SC) within the construction industry is a comprehensive endeavour due to its intricate nature. The situation is bleak in Sri Lanka due to numerous barriers such as limited technical expertise, cost implications and many others. Hence, this paper aims to examine these barriers, appropriate strategies to overcome them, explore potential blockchain-applicable areas and formulate a framework to adopt B&SC in the construction industry of Sri Lanka (CISL).

Design/methodology/approach

This study employed a mixed research approach. The barriers for the adoption of B&SC to the CISL and their applicable areas were distinguished through a questionnaire survey and analysed using the Relative Importance Index. Strategies to overcome them were identified through expert interviews and analysed utilising manual-content analysis.

Findings

The study identified 15 barriers, 12 strategies and 9 areas for integrating B&SC for the CISL. The analysis indicated that having fewer blockchain-powered applications, the reluctance of the enterprises to bear costs to integrate blockchain and sluggish adaptation to new digital technologies are significant barriers. Further, conducting an industry-wide digitalisation analysis, developing an industry-wide digitalisation strategy and recruiting skilful IT staff were pointed out as the pivotal strategies. Moreover, payment and supply chain management were identified as areas with high potential.

Originality/value

This study unveils an analysis of barriers, strategies and areas in adopting B&SC for CISL and formulates a framework. It can be deployed as a guideline for implementing B&SC in the CISL.

Details

Built Environment Project and Asset Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2044-124X

Keywords

Book part
Publication date: 17 October 2023

S. Janaka Biyanwila

The Rajapaksa regime over the 2005–2022 period promoted a national-popular project based on a militarised Sinhala-Buddhist nationalism promoting a market-driven rentier economy…

Abstract

The Rajapaksa regime over the 2005–2022 period promoted a national-popular project based on a militarised Sinhala-Buddhist nationalism promoting a market-driven rentier economy. It illustrated a form of patrimonial capitalism undermining public accountability and the efficacy of the state bureaucracy. This popular-national project was dependent on strengthening ties with China while distancing relations with India and the Global North (USA and the EU). The ways in which the external relations were coordinated reinforced discrimination against Tamil and Muslim communities, while disregarding their demands for justice and reparations. The increasing integration of the economy with financial markets, driven by the Central Bank, amplified the commercialisation of the state, restraining public revenues and state oversight. Meanwhile, the militarisation of the state involved the commercialisation of the military, opaque military budgets and violent repression of protests. The Rajapaksa regime, which enabled a minority-privileged (leisure) class to culturally flourish in regulated safe spaces, also instigated multiple protests from below demanding democracy as well as justice.

Details

Debt Crisis and Popular Social Protest in Sri Lanka: Citizenship, Development and Democracy Within Global North–South Dynamics
Type: Book
ISBN: 978-1-83797-022-3

Keywords

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