Building blocks

Blockchains can enhance construction project management


If you have used Google Drive to store and share files, you're familiar with the concept of managing a project with blockchain technology. Google Drive allows multiple users to access a document at the same time and view the edits of all users in real time. Blockchains function in a similar fashion to track and record transactions in the order they occur.

When combined with "smart contracts," blockchains can create a new form of project management helpful to the roofing industry.

A closer look

According to construction consultant Dave Hughes, general manager of architecture, engineering and construction for London-based digital portfolio and project management company Keepsite Software, a smart contract is "a computer program that works on the if/then principle."