One element of the digital economy is blockchain technology (BT)—a method of open record-keeping that eliminates intermediaries, steps, and entities. “Think of a huge excel spread sheet shared with lots of people with one major difference, you can’t modify any of the existing rows without altering all the rows preceding it,” explains Nick Martin, CEO of TechChange.

Martin will start with bitcoin and other cryptocurrency and move onto how a decentralized, distributed, digital ledger can and will disrupt the A/E/C space. “It is particularly useful in countries and contexts where the actors such as governments, banks, and other entities do not trust each other.” With blockchain you can:

1. Produce deliverables/artifacts faster

2. Allow for greater transparency

3. Lessen fraud and abuse

4. Produce fewer disputes

Earlier this year, Martin talked about the risk, reward of using blockchain and bitcoin at the ACEC Annual Convention and Legislative Summit. Now in this one-hour live podcast, you will learn:

1. How BT can drive efficiencies, collaboration, and effective design/build

2. What is #AECoin, “Smart Contracts,” and PODS

3. How can architects and engineers be rewarded over the lifecycle of an artifact or deliverable

Blockchain is disruptive and adoption is coming and coming quickly. Per the National Association of Corporate Directors’ Directorship magazine, “Companies today that do nothing about blockchain are at risk because you have consumers running hard on adopting new technologies. … If you are not in these conversations from a strategic point of view, there is a risk on the horizon of not understanding the changes that are coming.