Blockchain, technology at the service of the sector

The blockchain is a technology that enables the secure, real-time exchange of information between different agents on multiple interconnected blockchains. Blockchain technology can improve collaboration between all agents working on a project and close projects more efficiently.
Published on
27 Mar 2019

Blockchain (also known as blockchain) is a new technology that will revolutionize the way every project in our industry is carried out. How? Through a gigantic infrastructure that makes it possible for different agents (called nodes) to exchange encrypted information securely and in real time.

In this megastructure there is no single blockchain, but a multitude of them. All of them are interconnectable and applicable to everything that involves a transaction within our sector, whether to create contracts, place orders or update the planning of a work.

Each agent or linked node has an instant copy of all the data of each transaction, whether they are operations, quantities, dates or participants. Thus, if another agent makes a change, blockchain automatically records it and notifies the other agents working on the same project when, where and by whom the change was made.

In short, blockchain technology acts as a gigantic database that collects all transactions made in a network, facilitating project flow, for example, by eliminating intermediaries.

What would blockchain really mean for our industry?

Although nothing is currently operating on a massive scale in our sector, the practical potential of blockchain is unquestionable. For this reason, large national companies are studying how to improve their processes through this new technology that is transforming all the industries with which it comes into contact. Among the potential advantages it can offer us are:

Elimination of non-value or inefficient processes or intermediaries
Solution to BIM security challenges
Increased transparency and security of processes
Improved supply chain management
Real-time sharing of critical information

Is it not clear to you?

These three keys will help you understand the Blockchain:

Traceability: Blockchain works as a large data storage base where only the agents involved in each project can access, follow and intervene in its evolution in each of its stages.

Certification: All agents have to comply with some basic rules to make changes, otherwise it is not valid and is not recorded in the blockchain. When it is registered and validated by the rest of the agents, blockchain shows who changed what, when and where they did it.

Automation: Blockchain issues an automatic response to the realization or approval of changes in the BIM model, the system on which its entire structure is based.

The future is coming!

Blockchain technology will make it possible to achieve the maximum level of collaboration between all agents working on a single shared model, which everyone can access and modify. Thus, blockchain is the culmination of BIM, as it provides the necessary trust and transparency to close projects and all the operations that encompass it, preventing the information created during a project from being lost after the moment of delivery.

In addition, when a work is developed in a blockchain , it is possible to specify the stages of the different materials, from where they have been obtained or manufactured, what controls they have passed through, etc. All this optimizes the management of the supply chain of raw materials, reducing stock and increasing logistical efficiency.

Knowing instantly how a project has been built, what its technical specifications are or what materials have been used, will be possible thanks to this technology. And this will also help us to make decisions throughout the life cycle of a building, facilitating its rehabilitation or disposal.

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