The Internet of Intrinsics
The IEBC fosters engineering use cases of blockchain technology. 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?
The First Blockchain Designed By Engineers For Engineers
Creating a decentralized Knowledge Inventory for the infrastructure, energy, transportation, and construction engineering professions allowing engineers to shift from a collection of centralized silos into a self-aware global network to adjudicate physical risk in real world systems.
This is accomplished through a novel proof-of-stake blockchain, cryptographic token incentives, and multi-agent game mechanics to configure human ingenuity into the form of an intrinsic asset. Where EngTech uses the same analysis tools as FinTech and InsurTech, the liquidity of knowledge asset will increase across the economic spectrum.
The result will be a fundamentally more efficient global project delivery system capable of tackling the world’s most challenging problems.
“…no one can predict the future and there are too many future variables to possibly codify all of them in a contract. So, when the unforeseen inevitably pops up, who decides how to deal with it? This is the field of “incomplete contracts”. A contract should identify who has the right to make future decisions — a significant kind of power.”
Oliver Hart, 2016 Nobel Prize in Economics.