Transforming the Construction Industry with Blockchain Technology
8
Jan, 2020
The construction industry has regularly been cited as one of the world’s most fragmented, high impact sectors and has regularly been challenged to improve its efficiency, productivity, and to embrace the opportunities presented by emerging technologies.
Let’s check how Blockchain could disrupt the entire construction industry.
What is Blockchain Technology?
A blockchain is a growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. In simplest terms, blockchain refers to a decentralized database.
This infographic will give you detailed information about:
- 10 Industries Blockchain is Likely to Benefit
- Benefits of Blockchain Technology
- Features of Blockchain Technology in the Construction Industry
- Challenges for Blockchain Technology in the Construction Industry
