Blockchain in Construction

Abstract

Fundamental changing technologies will always have a lot of fuss about them, Blockchain is no exception. In this website the focus has been understanding the basic concepts of the technology and give some examples of how it can be implemented in the construction industry. The website gives an introduction to how Hashes are used to protect the data, how blockchain can handle digital identity and explanation on different types of blockchains.

After research different aspects of blockchain technology, Supply chain management and Internet of Things(IoT) are areas where blockchain can improve efficiency and lower cost. In supply chain blockchain will give all stakeholders much easier access to information across the chain and many processes can be automated using smart contracts. In the case of IoT blockchain will enable scalability, Interoperability and security.

It's important to remember that blockchain still is in an early phase and the full potential of the technology is not discovered. By a comparison to another fundamental technology that fundamentally changes every business TCP/IP used several decades from first use case Email to cloud technology. Blockchain still needs a lot more research, use cases and proof of concepts to discover that potential and that's several years away.