Blockchained project management: Exploring potential advancements

Abstract

This study aims to explore the impact of blockchain technology on project management practices. It also examines the moderating role of blockchain literacy in enhancing project management benefits derived from blockchain features. A quantitative research method was used drawing on data from project managers using blockchain across various industries from February to April 2024. An online questionnaire was sent through LinkedIn to the targeted respondents who use blockchain technology in their fields to ensure that they have enough knowledge about the research topic, therefore, guaranteeing the reliability of responses. 277 questionnaires were received, and then the data were analyzed through Smart-PLS 4.0. The results revealed a significant and positive relationship between blockchain features and improved project management practices. The results also showed that while blockchain literacy has enhanced the benefits achieved from blockchain adoption in projects, it has no impact on the ability to benefit from security, tracking and control. This study contributes to the knowledge base on blockchain in project management by providing empirical evidence of its beneficial impacts without and through the moderating role of blockchain literacy. The study offers insights into the distinct impacts of blockchain features, recommending areas where blockchain can provide the most value to project management.