Blockchain in Project Management for Information Security, Transparency and Accountability

Abstract

Blockchain technology, first developed for Bitcoin, offers transformative potential for project management. We present ChainManager, a conceptual blockchain-based project management platform developed with Flutter. Built on Ethereum, the blockchain network is deployed using OCI (Oracle Cloud Infrastructure), offering adaptability to varying project needs. This platform for managing projects makes use of smart contracts and immutable activity tracking in order to ensure the safety of activities such as monitoring work hours and controlling access. According to our findings, blockchain technology has the capability to solve long-standing problems, such as maintaining the integrity of data and gaining the trust of stakeholders. On the other hand, limitations such as scalability and high energy consumption continue to exist, which calls for additional study and innovation. Although there are obstacles to overcome, the purpose of this study is to investigate how blockchain technology can revolutionize project management by securing project data, automating processes, enhancing overall operational efficiency, and guaranteeing responsibility to stakeholders.