Michael Matthews on Construction Executive: "From documents to data with smart contracts"
We recommend you to start saving money on paper or learning origami because document-centred capital projects have become obsolete.
Michael Matthews, Vice President of Strategy and Consulting, analyses what issues come from lack of information between stakeholders and different and disorganised manual transfer of data.
Smart contracts and blockchain technology can track updated status or costs throughout the project delivery life-cycle. Once there's an accurate system to report and check relevant points, management and scenario planning can be reliable and lead to benefits and improvement.
We recommend you to start saving money on paper or learning origami because document-centred capital projects have become obsolete.
Michael Matthews, Vice President of Strategy and Consulting, analyses what issues come from lack of information between stakeholders and different and disorganised manual transfer of data.
Smart contracts and blockchain technology can track updated status or costs throughout the project delivery life-cycle. Once there's an accurate system to report and check relevant points, management and scenario planning can be reliable and lead to benefits and improvement.
