Exploring blockchain-enabled smart contracts technology implementation within ready-mixed concrete plants industry in Saudi Arabia

In recent years, several construction-related services incorporating Blockchain-enabled smart contracts have emerged. Blockchain-enabled smart contracts have the potential to modify the structure of all accessible networks in the near future. The purpose of this study is to explore individuals understanding of smart contracts in Saudi Arabia, identify potential advantages, and assess actors' readiness to implement smart contracts technology in ready-mixed concrete (RMC) plants. Data was acquired by questionnaires distributed to employees from Saudi Arabia's RMC plants companies. Additionally, confirmatory interviews were conducted out to areas of expertise. The study's findings revealed a low level of smart contract knowledge within Saudi Arabia’s RMC plants sector. The readiness to implement smart contracts is extremely low. According to the findings, smart contracts can improve supply chain management and supply chain finance efficiency, but not in the current circumstances in Saudi Arabia owing to insufficient digitization.