Blockchain-Based Trusted Property Transactions in the Built Environment: Development of an Incubation-Ready Prototype

Blockchain can be introduced to use cases in the built environment where reliability of transaction records is paramount. Blockchain facilitates decentralised, cryptographically secure, trustworthy, and immutable recordkeeping of transactions. However, more research is urgently required to understan...

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Autores principales:	Srinath Perera, Amer A. Hijazi, Geeganage Thilini Weerasuriya, Samudaya Nanayakkara, Muhandiramge Nimashi Navodana Rodrigo
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	blockchain built environment trust proof of concept property transactions Hyperledger Fabric Building construction TH1-9745
Acceso en línea:	https://doaj.org/article/6eaa0d33e75e467b8f3bf9a4a709fae8
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spelling	oai:doaj.org-article:6eaa0d33e75e467b8f3bf9a4a709fae82021-11-25T17:00:42ZBlockchain-Based Trusted Property Transactions in the Built Environment: Development of an Incubation-Ready Prototype10.3390/buildings111105602075-5309https://doaj.org/article/6eaa0d33e75e467b8f3bf9a4a709fae82021-11-01T00:00:00Zhttps://www.mdpi.com/2075-5309/11/11/560https://doaj.org/toc/2075-5309Blockchain can be introduced to use cases in the built environment where reliability of transaction records is paramount. Blockchain facilitates decentralised, cryptographically secure, trustworthy, and immutable recordkeeping of transactions. However, more research is urgently required to understand the process and complications in implementing blockchain solutions in the built environment. This paper demonstrates a methodology for developing a blockchain system starting from problem analysis, selection of blockchain platform, system modelling, prototype development, and evaluation. The evolutionary prototyping model was selected as the software development methodology for the use case of property transactions. A systematic process protocol involving the multi-criteria decision-making method, Simple Multi Attribute Rating Technique (SMART), was used to select Hyperledger Fabric as the most suitable blockchain platform for the prototype. The system architecture facilitates a simplified, lean property transaction process implemented through chaincode (smart contract) algorithms and graphical user interfaces. System evaluation through test cases allowed iterative improvements, leading to an incubation-ready software prototype. The contribution to knowledge of this paper is in the demonstration of the process to follow to implement a blockchain solution for a specific domain. The findings provide the foundation for developing proofs of concept for other potential applications of blockchain in the built environment.Srinath PereraAmer A. HijaziGeeganage Thilini WeerasuriyaSamudaya NanayakkaraMuhandiramge Nimashi Navodana RodrigoMDPI AGarticleblockchainbuilt environmenttrustproof of conceptproperty transactionsHyperledger FabricBuilding constructionTH1-9745ENBuildings, Vol 11, Iss 560, p 560 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	blockchain built environment trust proof of concept property transactions Hyperledger Fabric Building construction TH1-9745
spellingShingle	blockchain built environment trust proof of concept property transactions Hyperledger Fabric Building construction TH1-9745 Srinath Perera Amer A. Hijazi Geeganage Thilini Weerasuriya Samudaya Nanayakkara Muhandiramge Nimashi Navodana Rodrigo Blockchain-Based Trusted Property Transactions in the Built Environment: Development of an Incubation-Ready Prototype
description	Blockchain can be introduced to use cases in the built environment where reliability of transaction records is paramount. Blockchain facilitates decentralised, cryptographically secure, trustworthy, and immutable recordkeeping of transactions. However, more research is urgently required to understand the process and complications in implementing blockchain solutions in the built environment. This paper demonstrates a methodology for developing a blockchain system starting from problem analysis, selection of blockchain platform, system modelling, prototype development, and evaluation. The evolutionary prototyping model was selected as the software development methodology for the use case of property transactions. A systematic process protocol involving the multi-criteria decision-making method, Simple Multi Attribute Rating Technique (SMART), was used to select Hyperledger Fabric as the most suitable blockchain platform for the prototype. The system architecture facilitates a simplified, lean property transaction process implemented through chaincode (smart contract) algorithms and graphical user interfaces. System evaluation through test cases allowed iterative improvements, leading to an incubation-ready software prototype. The contribution to knowledge of this paper is in the demonstration of the process to follow to implement a blockchain solution for a specific domain. The findings provide the foundation for developing proofs of concept for other potential applications of blockchain in the built environment.
format	article
author	Srinath Perera Amer A. Hijazi Geeganage Thilini Weerasuriya Samudaya Nanayakkara Muhandiramge Nimashi Navodana Rodrigo
author_facet	Srinath Perera Amer A. Hijazi Geeganage Thilini Weerasuriya Samudaya Nanayakkara Muhandiramge Nimashi Navodana Rodrigo
author_sort	Srinath Perera
title	Blockchain-Based Trusted Property Transactions in the Built Environment: Development of an Incubation-Ready Prototype
title_short	Blockchain-Based Trusted Property Transactions in the Built Environment: Development of an Incubation-Ready Prototype
title_full	Blockchain-Based Trusted Property Transactions in the Built Environment: Development of an Incubation-Ready Prototype
title_fullStr	Blockchain-Based Trusted Property Transactions in the Built Environment: Development of an Incubation-Ready Prototype
title_full_unstemmed	Blockchain-Based Trusted Property Transactions in the Built Environment: Development of an Incubation-Ready Prototype
title_sort	blockchain-based trusted property transactions in the built environment: development of an incubation-ready prototype
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/6eaa0d33e75e467b8f3bf9a4a709fae8
work_keys_str_mv	AT srinathperera blockchainbasedtrustedpropertytransactionsinthebuiltenvironmentdevelopmentofanincubationreadyprototype AT amerahijazi blockchainbasedtrustedpropertytransactionsinthebuiltenvironmentdevelopmentofanincubationreadyprototype AT geeganagethiliniweerasuriya blockchainbasedtrustedpropertytransactionsinthebuiltenvironmentdevelopmentofanincubationreadyprototype AT samudayananayakkara blockchainbasedtrustedpropertytransactionsinthebuiltenvironmentdevelopmentofanincubationreadyprototype AT muhandiramgenimashinavodanarodrigo blockchainbasedtrustedpropertytransactionsinthebuiltenvironmentdevelopmentofanincubationreadyprototype
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Blockchain-Based Trusted Property Transactions in the Built Environment: Development of an Incubation-Ready Prototype

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