Blockchain Technology for the Construction Industry of the Philippines
Blockchain Technology for the Construction Industry of the Philippines
May 25, 2020
The study aims to present how blockchain technology is being applied in the engineering and construction sectors of other countries. It also plans to identify enablers and challenges in adopting blockchain technology in the Philippines. Additionally the study presents the sustainability and scalability of use of blockchain in the local engineering and construction industry. This study also identifies the positive and negative impacts (e.g. economic, social, environmental, and legal), of blockchain adoption, and present ways to manage identified risks. Lastly, the paper offers recommendations to UNDP and partners on how to facilitate SME blockchain adoption in the Philippines.