Smart Contracts—The Good, the Bad and the Unknown of Blockchain Technology in the Construction Industry

Lori Wisniewski Azzara and Nicholas M Bencsics | Cohen Seglias Pallas Greenhall & Furman As the construction industry operates within the digital era, the complexity of the sector continues to evolve. Because there are various parties and stakeholders involved on a construction project, there are competing interests with the same goal of pushing risk onto… Continue reading Smart Contracts—The Good, the Bad and the Unknown of Blockchain Technology in the Construction Industry

Do We Need Blockchain in Construction?

Cristina Savian | AEC Business Blockchain technology claimed to have the potential to disrupt many aspects of how companies do business. And like other emerging technologies, I have been exploring its uses, benefits and assessing its potential opportunities in the construction industry. If like me, you have been wondering what it is and if its… Continue reading Do We Need Blockchain in Construction?

Smart Contracts Poised to Impact the Future of Construction

Frederick D. Cruz and Seth Wamelink | Construction Executive | November 4, 2019 In August 2018, the State of Ohio passed legislation making it easier for businesses in Ohio, including the construction industry, to use blockchain technology in business transactions, which can result in significant savings and increased efficiency if used correctly. Specifically, Senate Bill… Continue reading Smart Contracts Poised to Impact the Future of Construction

Blockchain and Smart Contracts May Solve the Unsolvable Problem in Construction

Thomas D. Franklin and Brian R. Gaudet | Kilpatrick Townsend & Stockton | August 22, 2019 Every construction project, from contract negotiation through the payment of the final pay application, suffers from the same conundrum born out of every parties’ desire for certainty and finality. That problem is the issue of the exchange of lien… Continue reading Blockchain and Smart Contracts May Solve the Unsolvable Problem in Construction

How Blockchain and Smart Contracts will Change the Face of Insurance in the U.S.

Theodore (Ted) J. Mlynar andRobert M. Fettman | Hogan Lovells | May 23, 2019 In the last several years, we have seen a new crop of digital products and services enter the lexicon of the insurance industry. And with these, inevitably comes a myriad array of insurance regulatory issues. Usage-based insurance, peer-to-peer insurance, machine-learning algorithms,… Continue reading How Blockchain and Smart Contracts will Change the Face of Insurance in the U.S.

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