Blockchain | AEC Labs

Gamifying infrastructure: why the future for bridging the infrastructure funding gap could be crossed on the blockchain

by Stephen Del Percio | Feb 11, 2019 | Blockchain, Featured, Finance, Infrastructure | 0 |

It’s been quiet around here lately thanks to some demands around the AEC Labs home office, but we’re happy to be back and have some great content and initiatives planned around here in 2019, so I hope you will stick with us! As some of you may know, I spent a lot of time last fall thinking about how blockchain technology could apply to the construction industry. In the course of working through that effort, I also found myself increasingly thinking more specifically about how a blockchain solution or protocol (but not necessarily a standalone cryptocurrency) could help bridge the $3.5 trillion infrastructure funding gap (for maintenance on existing infrastructure alone!) through 2025. And, with infrastructure getting a single mention 55 minutes into this week’s State of the Union Address, I think it remains timely to consider how the country can possibly bridge that gap.

Smart Dubai taps winners of second Dubai Blockchain Startup Challenge

by AEC Labs | May 10, 2018 | Blockchain, Dubai | 0 |

The Smart Dubai Office has announced winners of its second annual Blockchain Challenge, who will now have the chance to partner with government stakeholders in Dubai to try and develop their ideas and technologies further. Selected from 200 applications submitted by startups in 44 countries and 85 cities, the purpose of the challenge was to find “the most promising blockchain solutions from the private sector that can assist in the implementation of the Dubai Blockchain Strategy,” which is to make Dubai the world’s first blockchain-powered city within the next two years.

STEP, a blockchain protocol for hotels, Is taking aim at the hospitality sector

by AEC Labs | Apr 23, 2018 | Blockchain, Cryptocurrency | 0 |

Lately there seems to be no limit to the types of industries that are trying to apply blockchain-powered cryptocurrencies through tokenization. So what does hospitality’s latest effort portend for blockchain in the AEC space?

After construction cryptocurrency ICO, could infrastructure tokens be next on horizon?

by Stephen Del Percio | Apr 18, 2018 | Blockchain, Cryptocurrency, Featured | 0 |

The potential “tokenization” of infrastructure assets via an “initial public token sale” that would allow communities (or perhaps developers) to raise money for infrastructure projects, with the potential for those tokens to increase in value over time (like many other cryptocurrencies), seems a step closer here in 2018 with real estate cryptocurrency developer BitRent holding an initial coin offering earlier this year.

Where, how, and why governments are applying blockchain technology and smart contracts to real estate transactions, and what It could mean for construction

by Stephen Del Percio | Mar 12, 2018 | Blockchain, Featured | 0 |

Transparency and reducing transaction costs. Noble goals, for sure, and perhaps much easier to reach in the near future for both real estate and, perhaps, construction transactions through the power of blockchain. In this article, which we plan to update regularly as new governments and jurisdictions implement blockchain technology for real estate, we take a closer look with an eye towards how these systems might ultimately impact the civil engineering and construction industries.

5 Ways That Blockchain and Cryptocurrency Technology Could Change the Construction Industry Forever

by Stephen Del Percio | Jan 17, 2018 | Blockchain | 5 |

After discussing what, exactly, blockchain and cryptocurrency technology looks like, we take a look at the top five ways they might transform the construction industry in 2018 and beyond: from BIM and smart contracts to the construction supply chain and scheduling, payment applications and liens, and insurance.