“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
Don & Alex Tapscott, Blockchain Revolution (2016)
The digital age is transforming the construction industry, and blockchain is a component of that digital disruption that is coming for all of us.
While blockchain was created for cryptocurrencies, there are innumerable ways it can be deployed to exchange information in a decentralised, transparent and incorruptible system.
For the construction industry, blockchain has potentially powerful applications in the areas of:
- Smart contracts
- Paying and getting paid
- Building management and remote systems
- Supply chain management
- Security for unfixed goods and materials
- Intellectual property protection
- And so much more!
With robust implementation, blockchain can retain and provide information about where your materials are, how your assets are performing, where your people are, where your money is going and when you are going to get paid.
This Industry Update Breakfast is presented by experts on this emerging area and is a learning opportunity not to be missed.
Purchase your tickets at nawic.com.au