The blockchain way Blockchain works in a way that allows information to be added from multiple parties in various locations all at the same time, with that information constantly being updated and reconciled. Because the information isn’t stored in any single location, blockchain ensures that the information is secured, always accessible and easily verified. Key benefits of applying blockchain technology to a project include:
The information is decentralised. No one entity controls the information at any point. It is truly a collaborative piece that updates in real time. It is transparent, with all invested parties being privy to all of the information all of the time. It doesn’t have a single point of failure. There is no risk of a system going down and information being lost or destroyed as a result. It is highly secure. The very nature of a blockchain makes it virtually impossible for hackers to corrupt or exploit. To do so would require compromising the whole network, which would require an enormous amount of computing power. Additional benefits In addition to the security benefits inherent to blockchain technology, there are also other benefits that are particularly relevant to the construction industry. These includes:
Smart contracts Smart contracts are basically programs that secure, execute and enforce agreements between entities. For our industry, the adoption of smart contracts could help eliminate some of the bigger problems inherent to construction; for instance, reducing time and money spent on resolving legal disputes and claims. It would also assist in our move away from silo working and towards collaboration, something that is imperative for BIM adoption and industry advancement.
Cameron Roberts
Supply chains Blockchain can also help address efficiency and transparency in our supply chains by moving us away from traditional paperwork and towards adopting secured digital ledgers that allow real-time tracking of material flow as well as contracts and payments.
Disadvantages While there are documented disadvantages to blockchain in regards to cryptocurrency, at the moment, we’re in the early exploration stage with BIM. As we move forward with the technology, we’ll become better able to address some of the application-specific disadvantages as they are revealed.
A promising solution While there are still a lot of questions to be asked and exploration to be done, thus far, blockchain technology looks promising as a possible solution to some of the security problems presented by BIM adoption as well as having the potential to address some of the costlier issues that have plagued our industry for years.
Dispelling a myth – air gap networking isn’t safer To be willing to consider, explore and potentially adopt technologies like blockchain, we need to break a few myths around digital security. One of the biggest ones is that our internalised systems are safer, especially when they aren’t connected to the internet. This is a “truth” that is now greatly exaggerated.
Known as air gapping, these disconnected systems use physical isolation from unsecured networks like the internet to increase security. However, this method isn’t as safe as many believe. Hackers typically view air gapped systems as high-value targets. After all, if you’ve gone that far to keep your information off-grid, it must be valuable. As a result, a tremendous amount of time and effort has been put into hacking and exploiting air-gapped systems. These days, something as simple as a mobile phone or a USB stick can bring one to its knees.
Owen Turner
Ok op these threads are shit stop dumping walls of unrelated text. If you dont jnderstand what youre reading youre just wasting everyones time
Dylan Edwards
7/
With much of the resistance towards moving to BIM coming from the belief that keeping information centrally stored on a private network is the only way to ensure its safety, it’s important to emphasise that this simply isn’t the case. In fact, the most secure methods currently being used to store and share information are those being used by cryptocurrencies like Bitcoin, aka the blockchain.
In summary While documents like PAS 1192-5:2015 and PAS 185:2017 provide us with the framework for developing security strategies, it is important that we don’t look to those documents alone for answers. Technologies like the blockchain have great potential for not only securing our digital assets but revolutionizing the way we handle contracts, how we manage projects and deal with supply chains, and aid us in moving away from the linear take-make-waste model towards a circular economy.
THE LAST ONE
Ethan Reed
Im a linkie, but this thread is legit what mental illness looks like.
Kevin Gomez
Its literally fucking nothing. All of it, just basic blockchain shit.
Parker Morales
hurr chainlink
Jeremiah Ward
Like you faggot. Right? Literally nothing Compared to Sergey and his team. Better start getting used to things buddy.
Liam Flores
Ok user you're right Im trying to trick you. You should spend a long time carefully reading everything OP posts, its definitely worth it.
Elijah Rogers
BIM is just a current engineering buzzword
They will not combine blockchain and BIM yet because nobody is even following BIM yet
