Blockchain in Construction
Hype or reality?
🤔
The construction industry has regularly been cited as one of the world’s
most fragmented, high impact sectors and has regularly been challenged
to improve its efficiency, productivity, and to embrace the
opportunities presented by emerging technologies.
In the past decade, concepts such as Bitcoin and other emerging
cryptocurrencies have indicated huge potential for transformation of our
current business and payment processes. But how do built environment
professionals and the construction industry recognise and capitalise
upon this emerging technology?
Institution of Civil Engineers (ICE) issued a report in 2018, stating that blockchain has arrived and it offers an opportunity for the industry to become more productive and transparent. It provides three main features that blockchain can enable:
- Transparency
- Traceability
- Collaboration
Read more on Designing Buildings Wiki , and check out the ICE report.
If you're interested to participate in webinars and current projects
that apply blockchain technology in the built environment, click down
below 👇
(Students get special offers)
This page was built by Ana B.