Construction customers want more complex facilities delivered faster and at a lower cost. Transaction costs account for a significant proportion of each new or refurbished facility (a 2017 report from the Infrastructure Client Group in the UK suggests as high as 50%), yet they contribute no value to the customer. Blockchain is being suggested as...

According to the February 2017 Mckinsey Global Institute report, construction industry is one of the largest sectors in the world economy with $10 trillion spending, 13% of GDP contribution and 7% employment opportunity annually. However, the sector labor productivity for the past two decades couldn't exceed 1% a year while the total world economy and...