Unveiling the Opportunities of Using Blockchain in Project Management

Abstract

The distributed ledger technology that blockchain provides can potentially disrupt every field in wherevalue is involved. Since the appearance of cryptocurrencies as Bitcoin in 2008, it has been seen as a newbusiness opportunity generator for emerging companies and a possible threat for the established ones.Its intrinsic features like veracity, transparency and disintermediation, will change the rules of severalbusiness models and will open new ways of doing value transactions.The project development can be seen as a process of sharing and exchanging value. Here, value shouldbe seen as a whole, including every asset meaningful to different players that should be protected. Thispaper makes an analysis of the possible use of this new technology in the different parts of ProjectManagement, bearing in mind two complementary perspectives: the project lifecycle and the differentknowledge areas.