Role & Integration of Blockchain in Project Delivery
Description
Blockchain is an information technology that inherently adapts to these structural problems. This technology is capable of bridging the lack of trust between the stakeholders, automating a lot of currently manual processes, providing a secure and reliable infrastructure for collaboration and information exchange while increasing transparency and providing reliable chronological record keeping. Implementation of blockchain technology in the construction industry can lead to smart contracts with fewer administrative struggles; improve project flow, material, and service delivery; and keep BIM and project documents current and secure.
Hosted by the Project Delivery AIA Knowledge Community
Course expires 3/13/2025
Learning Objectives
Examine the application of blockchain technology and summarize how it improves project delivery in the AEC industry
Understand how blockchain fosters trust and drives efficiency in project delivery
Explore how to apply smart contracts in design-bid-build, and other project delivery models, e.g., design-build, IPD, and other project delivery methods
Contrast the use of blockchain in different project delivery systems and identify insights from the exploratory discussions on project delivery innovation
Recorded live March 8, 2022.