Application of Blockchain and Digital Technologies in the multi-party Construction Supply Chain, Program Management and Modern Methods of Construction

This service is to harness the transformative potential of blockchain technology within the Supply Chain, Construction and Manufacturing industry. Construction is an essential pillar of our economy, yet it faces persistent challenges—such as inefficiencies, lack of transparency, and complex supply chains—that limit productivity and innovation and blockchain holds the key to addressing many of these challenges.

Benefits:

• Transparency and Trust: With blockchain’s decentralised ledger, all stakeholders—owners, contractors, suppliers, and regulators—can access a shared, immutable record of transactions, reducing disputes and enhancing trust.
• Smart Contracts: Automating contract execution through smart contracts ensures that payments are released only when project milestones are met, reducing delays and improving accountability.
• Supply Chain Optimisation: Blockchain can track materials from source to site, ensuring quality and sustainability standards are met while reducing fraud and inefficiencies.
• Enhanced Data Security: Sensitive data, such as design specifications and financial records, can be securely stored and shared on the blockchain, minimising the risk of data breaches.

What to Expect:

To educate, advocate for, and implement blockchain solutions within the construction and MMC Manufacturing industry. By bringing together industry leaders, technology experts, and innovators, service aim to:
• Raise Awareness of blockchain’s potential through workshops, seminars, and industry outreach.
• Develop Practical Solutions tailored to the construction and MMC Manufacturing sector, including pilot projects that demonstrate blockchain’s value in real-world applications.
• Collaborate on Standards that ensure the interoperability and scalability of blockchain technologies across different construction projects and stakeholders.

Takeaway:

A demonstration of blockchain enabled solutions, prototypes and reports.

Service Information:

● Applicability: SMEs, Public Organisations, and MidCaps across all sectors.
● Delivery by: ATU
● Service Code:
● Duration: 2-6 months (service duration may vary on a case-by-case basis).
● Delivery Format: Hybrid
● Price: €10,000 – €50,000. This may vary on a case by case basis. This cost can be 100% discounted for SMEs (under De Minimis State Aid) and for public sector organizations.