Definitely, you have heard of the blockchain technology and particularly Bitcoin as it hit the news every now and then. But it's like cement and concrete, they are not the same yet often being confused as to be the same thing. In fact, Bitcoin is just a branch (let's call it) of the blockchain technology. A blockchain is a network of computers that are connected and operating on the same issue. Bitcoin for example is a financial instrument that is based on the blockchain without the need for a single giant central computer. The idea of decentralization is in fact derived from the same concept as the network is not reliant on one computer only. Which is good. It redefines democracy in the digital world. But what does it have to do with the construction industry? Today we will talk about some of the basic terms of the blockchain technology and expand on some of the existing examples. we will then be able to have a more clear picture of the potentials.

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