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Report: Blockchain and Smart Contracts: What the AEC sector needs to know

last modified Sep 25, 2018 12:18 PM
Lamb, K. (2018). Blockchain and Smart Contracts: What the AEC sector needs to know.

This report covers the basics of blockchain and how it can be deployed for smart contracts and related project management processes. Then it looks at benefits and barriers, maturity of the technology, and early adopters. The report highlights some caveats about the technology as it pertains to the AEC sector. The report is an overview of existing literature and presents the idea that blockchain technology is not yet mature enough to implement at a large scale, particularly when it has not been proven in any sectors that are similar to AEC. However, there are interesting small-scale trials to follow and the report highlights some suggestions for where further research is needed. The report is followed by a glossary defining some of the key terms around blockchain technology.

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The Centre for Digital Built Britain is a partnership between the Department of Business, Energy & Industrial Strategy and the University of Cambridge to deliver a smart digital economy for infrastructure and construction for the future and transform the UK construction industry’s approach to the way we plan, build, maintain and use our social and economic infrastructure.