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Administrative Risks Challenging the Adoption of Smart Contracts in Construction Projects by Asli Pelin Gurgun; Kerim Koc is a Decision Sciences article available to read on EtoBox.

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## Purpose As a remedy to usually voluminous, complicated and not easily readable construction contracts, smart contracts can be considered as an effective and alternative solution. However, the construction industry is merely known as a frontrunner for fast adoption of recent technological advancements. Numerous administrative risks challenge construction companies to implement smart contracts. To highlight this issue, this study aims to assess the administrative risks of smart contract adoption in construction projects. ## Design/methodology/approach A literature survey is conducted to specify administrative risks of smart contracts followed by a pilot study to ensure that the framework is suitable to the research question. The criteria weights are calculated through the fuzzy analytical hierarchy process method, followed by a sensitivity analysis based on degree of fuzziness, which supports the robustness of the developed hierarchy and stability of the results. Then, a focus group discussion (FGD) is performed to discuss the mitigation strategies for the top-level risks in each risk category. ## Findings The final framework consists of 27 sub-criteria, which are categorized unde

Who reads Administrative Risks Challenging the Adoption of Smart Contracts in Construction Projects?

Author

Asli Pelin Gurgun; Kerim Koc

Publisher

Emerald

Published

2021

Language

EN

Field

Decision Sciences (Social Sciences)