Some ideas around this new approach include a reputation ledger that tracks subcontractors’ deliverables could help to identify reliable subcontractors for a project; smart contracts that identify accountabilities and trigger milestone-based payments could automate agreements; blockchain-enabled applications that aggregate data into a shared project management dashboard could help to manage workflow; a distributed ledger that keeps an end-to-end chronicle of the construction process could record all building inputs and assets, including warranties and maintenance checkpoints; and blockchain-enabled apps that track materials, testing, and results against building codes and standards could streamline inspections.
…