Jacobs’ experiences with blockchain technology pretty much mirror where the rest of the industry seems to be at the moment: hopeful that blockchain might revolutionize the industry’s transactional ...

Blockchain technology is just starting to work its way into the construction industry — mostly on the contract side of the industry. But can its use help streamline construction project management?

Blockchain has multiple applications in the construction process. For example, it might be used with a BIM model to see who accessed the model, what changes were made to the model, and whether ...

Construction Technology; Project Management; Blockchain Transactions Poised to Revolutionize the Construction Industry. Digital ‘blocks’ of transaction data on which Bitcoin is built can ...

An international construction firm, in fact, recently signed a significant supply chain management deal with a U.S. blockchain company to track assets and streamline facility management.

Similarly, blockchain technology can be used in project management. Project management is one of the most important aspects of the construction sector, especially when it comes to large EPC projects.

While AEC firms are still trying to figure out where it fits into design and construction management, blockchain technology has grabbed hold of the financial services sector. IDC notes that the ...

Construction may not be the first industry that comes to mind when you think of areas ripe for disruption by blockchain technology. The construction. ... Improving Supply Chain Management.

But Manski also thinks there could be significant benefits to using blockchain-based solutions for construction projects. "Such projects depend heavily on information management and often involve ...

Every construction project, from contract negotiation through the payment of the final pay application, ... Blockchain and Smart Contracts May Solve the Unsolvable Problem in Construction.