Blockchain in Construction - The Innovation Challenge

Using blockchain technology to make construction efficient and secure.

 

 

Context

 

Blockchains are expected to have as big an impact on domestic and work life than the internet has had over the last 30 years.

  • Almost every business sector and industrial process will be impacted, with finance, law and supply chain dependent industries such as construction most likely to see inefficient processes dismantled and new closer supply chain integrations created.

  • Within the construction and infrastructure sectors, Blockchains are set to enhance and push forward the adoption of digital construction.

  • The many security challenges introduced by BIM will be resolved by Blockchains, such as selective access to data stored on common data environments.

  • It is already being recognised that BIM level 3 could not succeed without Blockchains, as internet enabled devices would be prone to crippling cyberattacks without the security protocols of Blockchains.

  • Blockchains will open up logistics management tools to everyone with just a smart-phone needed to run otherwise complex ERP data flows.

  • Driverless cars need Blockchains to pay for toll roads; parking and automated wireless charging points. Smart Cities could not be smart without blockchains.

  • Blockchains will enable big data to flow freely to those who need access and secure it with military grade security to prevent access to those who would pose a threat.

 

 

The Challenge

 

Most of the advances with the internet have come in the last 10-15 years as technology has shifted social connections and business processes to be more internet enabled.

As Blockchain technology becomes more widely known and understood, other processes will naturally get disrupted and built by default on Blockchains as it internet technologies can be merged with Blockchain technologies.

Which construction processes should be moved to Blockchains first is the initial challenge. These areas could be the first to use Blockchain technology:

  • Design teams – BIM Level 2 design development version control; securing design data and access to common data environments; and integration with COBie.

  • Manufacturing – linking design data to manufacturing processes and tooling to payments and smart contracts; tracking and authenticating the origins of all materials; shipping and logistics; and B2B payments for goods and services based on smart contracts linked to programmes.

  • Construction – Reducing carbon footprint through just-in-time logistic management of materials and plant; improving openness and speed of supply chain payments; real-time audit trail of ownership for off-site materials; real-time validation of safety training and ability for specific people to work on sites; automated timecard processing; automated smart collateral warranties; and witnessed commissioning and handover processes moved to Blockchains.

  • Client – Security of IoT devices; history of design development; traceability of all materials and equipment; controlled shared data feedback from IoT devices; defined BIM produced data access to third-parties such as emergency services; automated smart contracts, including warranties, collateral warranties, insurance contracts, proof of ownership; better integration with lifecycle management and maintenance tools; better oversite of payments throughout supply chains.

 

Interested in participating?

 

Blockchains will impact on everyone and every process. Those early adopters that would particularly benefit from participating include:

  • Public owners-operators

  • Private owners-operators

  • Service providers (Consultants, Designers, Engineers)

  • Manufacturers

  • Suppliers of goods and IT solutions

  • 1st Tier Contactors

  • Subcontractors

  • Academia

  • Start-ups

 

Participation is free, but it is limited to a maximum of 25 participants, to ensure the discussion is action focused, and everybody has a chance to collaborate fully.

For this reason we will be preselecting the participants based on their passion and willingness to achieve change and make an impact. If you are one of them we would like to hear from you.

 

 

This Workshop is part of the Co-Creation Programme.

   

 

 

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