Category: Blockchain in Construction Management

Tokenization refers to the process of converting tangible or intangible assets into digital tokens that reside on a blockchain. Each token represents a specific value or stake in the underlying asset, enabling fractional ownership, enhanced liquidity, and seamless transferability. In the context of construction equipment, tokenization transforms physical machinery into digital assets, facilitating more efficient…

Contract management has long been a cornerstone of the construction industry, ensuring that projects are completed on time, within budget, and to the specified quality standards. Traditionally, this process has relied on paper-based agreements, manual tracking, and periodic audits. However, as construction projects grow in complexity and scale, these conventional methods often fall short, leading…