Invoice smart contracts for design SMEs

Lee Youngson; Theodoros Dounas

doi:10.35490/EC3.2021.173

Invoice smart contracts for design SMEs

Lee Youngson, Theodoros Dounas

School of Textiles & Design

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

In recent years, Blockchain technology has evolved from its original application in cryptocurrency and can now be used for applications such as Smart Contracts. Smart Contracts automatically Execute transactions without the need for a central authority however there are very few use cases of the technology, particularly amongst UK AEC Design SMEs. This paper uses a hybrid method approach which combines questionnaires with semi-structured interviews to create a framework which showcases how a Smart Contract invoicing process could work for Design SMEs. This could create an automated invoicing process which is more efficient and reduces the risk of late payment.

Original language	English
Title of host publication	Proceedings of the 2021 European Conference on Computing in Construction
Publisher	European Council for Computing in Construction
Volume	2
ISBN (Print)	9783907234549
DOIs	https://doi.org/10.35490/EC3.2021.173
Publication status	Published - 2021

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title = "Invoice smart contracts for design SMEs",

abstract = "In recent years, Blockchain technology has evolved from its original application in cryptocurrency and can now be used for applications such as Smart Contracts. Smart Contracts automatically Execute transactions without the need for a central authority however there are very few use cases of the technology, particularly amongst UK AEC Design SMEs. This paper uses a hybrid method approach which combines questionnaires with semi-structured interviews to create a framework which showcases how a Smart Contract invoicing process could work for Design SMEs. This could create an automated invoicing process which is more efficient and reduces the risk of late payment.",

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AB - In recent years, Blockchain technology has evolved from its original application in cryptocurrency and can now be used for applications such as Smart Contracts. Smart Contracts automatically Execute transactions without the need for a central authority however there are very few use cases of the technology, particularly amongst UK AEC Design SMEs. This paper uses a hybrid method approach which combines questionnaires with semi-structured interviews to create a framework which showcases how a Smart Contract invoicing process could work for Design SMEs. This could create an automated invoicing process which is more efficient and reduces the risk of late payment.

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DO - 10.35490/EC3.2021.173

M3 - Conference contribution

SN - 9783907234549

VL - 2

BT - Proceedings of the 2021 European Conference on Computing in Construction

PB - European Council for Computing in Construction

ER -

Invoice smart contracts for design SMEs

Abstract

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