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Galvanizing the Construction Industry with Blockchain | SangHyun Lee
Manage episode 288214653 series 2895670
Content provided by The UBRI Podcast from Ripple. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The UBRI Podcast from Ripple or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
How can blockchain help the construction industry?
Think blockchain as your back office, matching purchase orders with actions, a system that generates a payment automatically without accounting approval. Or a single source of truth, created by all the participants on a given project, that’s plain for everyone to see. Blockchain keeps everyone honest.
What if the dozens of companies that depend on each other on a construction site could easily align? How nice would it be if construction projects were more efficient; stayed on budget and schedule?
Civil and Environmental Engineering Expert, Professor SangHyun Lee, leads the Dynamic Project Management Laboratory at the University of Michigan. He engages us in how blockchain technology will change the way construction is done. We learn exactly how blockchain adds value to one of the oldest and largest sectors in the world economy with increased productivity and transparency.
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Manage episode 288214653 series 2895670
Content provided by The UBRI Podcast from Ripple. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The UBRI Podcast from Ripple or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
How can blockchain help the construction industry?
Think blockchain as your back office, matching purchase orders with actions, a system that generates a payment automatically without accounting approval. Or a single source of truth, created by all the participants on a given project, that’s plain for everyone to see. Blockchain keeps everyone honest.
What if the dozens of companies that depend on each other on a construction site could easily align? How nice would it be if construction projects were more efficient; stayed on budget and schedule?
Civil and Environmental Engineering Expert, Professor SangHyun Lee, leads the Dynamic Project Management Laboratory at the University of Michigan. He engages us in how blockchain technology will change the way construction is done. We learn exactly how blockchain adds value to one of the oldest and largest sectors in the world economy with increased productivity and transparency.
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