Using Blockchain and Distributed Machine Learning to Evaluate Performance Management and Its Effect on the Construction Industry

Abstract

AbstractBlockchain and machine learning technology are the most important two technologies that help to develop organizational performance in the marketplace. The purpose of this study is evaluation of the performance management and effect of this technology in the construction industry. In the present time, most of the sector has used machine learning and blockchain technology to grow their business. Among these industries, the construction industry is one of the most important sectors that have increased performance through blockchain and machine learning technology. In the construction industry, supply chain management is the most effective aspect. Machine learning and blockchain technology have helped to improve supply chain management. Moreover, the construction industry has improved its performance management through the implementation of 2.0 technology. This research study has selected the secondary qualitative data collection method to get realistic and genuine data for the research study. The teachers have collected the secondary qualitative data from online articles, books, and journals. In this regard, from the secondary qualitative data, the teachers have conducted the thematic analysis to find the authentic result of this study. In this research study, the researcher has analyzed the importance of blockchain and machine learning to develop performance management in an organization. After all analysis, this research study concludes that machine learning and blockchain technology have affected the construction industry positively to manage the performance.KeywordsData protection2.0 technologyAI technologyLedger technology