@inproceedings{06f5933b93504f0b91c3afb7d83d5bb1,
title = "Cheaper Smart Contracts for the Built Environment? Linking On-Chain and Off-Chain in a Blockchain-Governed Approach",
abstract = "The digitization and automation of contracts within the built environment through blockchain has demonstrated potential. Nonetheless, the use of on-chain smart contracts can amount to substantial costs. This study proposes a blockchain-governed approach to individually assess whether and how to use blockchain for different components of contracts. We explain the rationale behind the concept and implement a pilot prototype of a performancebased, blockchain-governed contract. The results promise an alternative and more cost-effective approach to smart or intelligent contracts in the built environment, while still allowing for trusted verification of key contract parts through blockchain.",
keywords = "Smart contracts, Blockchain, Construction, Smart buildings, Built environment as a service",
author = "Hunhevicz, {Jens J.} and Bucher, {David F.} and Kepeng Hong and Hall, {Daniel M.} and {De Wolf}, Catherine",
year = "2024",
doi = "10.35490/EC3.2024.269",
language = "English",
isbn = "978-9-083451-30-5",
volume = "2024",
series = "Proceedings of the European Conference on Computing in Construction",
pages = "42--49",
booktitle = "Proceedings of the 2024 European Conference on Computing in Construction",
publisher = "European Council on Computing in Construction",
note = "2024 European Conference on Computing in Construction, 2024 EC<sup>3</sup> ; Conference date: 15-07-2024 Through 17-07-2024",
}