Developing Smarter Smart Contracts
The value of new construction in the US for 2016 will approach 1.4 trillion dollars. All of it is managed by a complex web of contracts underwritten by insurance carriers in some form or another.
The goal of the Integrated Engineering Blockchain Consortium is to develop applications for blockchain technology and smart contracts for integrated engineering delivery serving construction, infrastructure, manufacturing and diverse technologies upon which society depends.
We seek to answer the question: How can the engineering profession apply decentralized ledger technology for certification, collaboration, and coordination among the many engineering disciplines?
- Design review, Contract Review, Specifications Review, Value Engineering Review.
- Construction, Site Inspections, Critical Path Analysis, Work Chronology, Responsibility Matrix.
- Performance Guarantee, Third-part Liability, Emerging Issues, Wind, Flood, Seismic Capacity.