Synopses & Reviews
Synopsis
Introduction
Introduction, challenges and opportunities for Blockchain in Construction
Production
1. Decentralisation and Fragmentation of the construction industry, a case for Blockchain
2. Building Information Modelling and Blockchain: seven arguable virtues
3. Construction supply chains and blockchain /DLT: Incentives and participation
4. Global Factories: Combining construction and fabrication Platforms and blockchain
Governance
1. Blockchains as infrastructure of digital twins in construction
2. Construction project governance: structure and effectiveness of Decentralized autonomous organizations
3. Decentralised Autonomous Organizations in design and planning
4. Stigmergic Coordination of Agents in construction through Blockchain
Economics
1. Construction value chains and blockchain: Risk and Reward sharing
2. Innovative business models for the construction industry based on Blockchain and DLTs.
3. Blockchains and physical assets tokenization: Strategies and Tactics.
4. Construction projects and Decentralised Finance:
Legal
1. Legal aspects of blockchain and smart contracts in construction
2. Legal arbitration and Smart Contracts in construction: the role of lawyers.
3. Smart contracts across legal jurisdictions: an analysis
The code is the law
Synopsis
This book highlights the design, use and structure of blockchain systems and decentralized ledger technologies (B/DLT) for use in the construction industry. Construction remains a fragmented change-resistant industry with chronic problems of underproductivity and a very low digitization factor compared to other fields. In parallel, the convergence, embedding and coordination of digital technologies in the physical world provides a unique opportunity for the construction industry to leap ahead and adopt fourth industrial revolution technologies. Within this context, B/DLT are an excellent fit for the digitization of the construction industry. B/DLT are effective in this as they organize and align digital and physical supply chains, produce stigmergic coordination out of decentralization, enable the governance of complex projects for multiple stakeholders, while enabling the creation of a new class of business models and legal instruments for construction.