Blockchain in construction

What is the main benefit of blockchain in construction?

• Improve the efficiency using better materials of construction

• Speed up the project using new software to design the building

• Allow to reduce the number of workers needed in construction tasks

• Achieve transparency through recording transactions in distributed ledger

In particular, some of the benefits of blockchain mentioned in the reading are:

• Speeding up project delivery

• All the project details are coded and documented

• Having timely information and fewer mistakes

• All answers are correct

Among the data that we can include in a blockchain platform in construction, we find:

• Safety regulations

• Agreements among contractors

• A clock to control warranties and maintance checkpoints

• All the answers are true

About the construction sector:

• Technology is mainly applied in construction tasks but not so much in project management tasks, which stay quite traditional.

• Firms are used to registering all the information about buildings and this information is delivered to each new owner easily

• All the benefits presented by blockchain are only for the first owner

• All the answers are false

Basing on the reading, blockchain might be combined with other emerging technologies, such as:

• Digital twins

• 3D printing

• Biometrics

• All the answers are false

In addition to increase efficiency and reduce mistakes, the use of blockchain might allow to:

• Assess and track down the reputation of subcontractors and know if they are reliable

• Increase safety of employees working in a project

• Reduce the amount of money and resources devoted to marketing activities

• All the answers are true

Using a blockchain platform in construction could be considered as a...

• Product innovation

• Process innovation to increase efficiency through breakthrough changes

• An incremental innovation

• All answers are correct

Benefits of blockchain in construction are useful for:

• Construction companies

• First owner of the construction

• Contractors and subcontractors

• All answer are correct