Implementation and Expansion of Blockchain Technology in the Construction Industry

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Andrew Hanna, Frantz Ward

One technological advancement that could potentially alter the entire project delivery method is the continued development of blockchain technology. Undoubtedly, you have heard the term “blockchain technology” - associated with crypto currencies such as Bitcoin.  At its core, blockchain technology is simply a platform that permits the upload, transfer and sharing of encrypted information within a secure “decentralized” database. 

 

How does blockchain work?