Transcription of BLOCKCHAIN TECHNOLOGY IN THE CONSTRUCTION …
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BLOCKCHAIN TECHNOLOGY IN THE CONSTRUCTION …
BLOCKCHAIN TECHNOLOGY IN THE CONSTRUCTION INDUSTRYD igital Transformation for High ProductivityDecember 201823 Foreword from Nathan Baker, Director, ICE Engineering Knowledge Throughout the world, the CONSTRUCTION industry has long been challenged to improve its efficiency, productivity, and to embrace the opportunities presented by emerging technologies. This ICE insights report examines the potential of BLOCKCHAIN TECHNOLOGY and asks how this disruptive TECHNOLOGY could revolutionise the CONSTRUCTION industry. So, what is BLOCKCHAIN ? Fundamentally, BLOCKCHAIN is a distributed ledger of information, such as transactions or agreements, that are stored across a network of computers. That information is stored chronologically, can be viewed by a community of users, but is decentralised and is not usually managed by a central authority such as a bank or a government, and once published, the information on the BLOCKCHAIN cannot be no mistake, BLOCKCHAIN has arrived, offering immense opportunity for industry to become more effective, transparent, productive and sustainable.
Glossary 50. 6. 7 Introduction For all nations, the construction industry will continue to be a key driver of economic growth. It ensures and maintains key assets, fuels growth and safeguards the infrastructure ... The Great Belt Bridge Credit: COWI. 8 All of these innovations are leading the industry towards a more productive, more effectively ...
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