Change is the only thing constant, having said that, technology has been evolving rapidly. The latest development in the database technology sector is called Blockchain Technology. The process of decentralizing the database is known as the Blockchain Technology. While this will benefit a lot of sectors because of advantages such as increased efficiency, cost reduction, business transparency, better security, and so on, it will be challenging for the construction sector.
This infographic gives an overview of the side effects of the Blockchain Technology on the construction industry.
Transforming the Construction Industry with Blockchain Technology:
Infographic by – Viking Steel Structures