Cashflow & Procurement
The document is the first in a series of white papers that explore the impact of blockchain in construction financing and procurement. Originally intended to cover both domains, the complexity of the subject prompted a decision to conduct a topic analysis to ensure a precise definition and inform potential technological applications. The paper reviews current advancements in blockchain technology concerning construction smart contracts and evaluates their influence on cash flow models and procurement methods. Its objective is to gather evidence for future policy and regulatory considerations in collaboration with the British Parliament.
Distributed information & BIM total lifecycle
Targeting business strategists, policymakers and providers, this second white paper discusses complexities, disruptions, and contradictions associated with Building Information Modelling (BIM) throughout the construction total lifecycle. It explores future policy and compliance opportunities by examining advancements in BIM, construction automation, and the potential role of Distributed Ledger Technology (DLT) in the digital transformation of the construction industry. The document acknowledges the growing concerns about cybersecurity in the sector.
Blockchain, Internet of Things (IoT) & Smart Environments
The third white paper by the Construction Blockchain Consortium focuses on the intersection of the Internet of Things (IoT), blockchain technology, and smart environments. This paper explores the potential implications and benefits of integrating IoT and blockchain in creating intelligent and interconnected environments. It examines how these technologies can enhance data security, efficiency, and automation in various sectors such as construction, infrastructure, and urban planning. The CBC aims to gather insights from leading experts in these fields to contribute to this comprehensive exploration of IoT, blockchain, and their impact on smart environments.
[2020.04.10] The emergence of BIM SLCs
Maciel, A., Garbutt, L., 2020. The emergence of BIM SLCs [WWW Document]. URL https://www.aecmag.com/comment-mainmenu-36/1951-the-emergence-of-bim-slcs.
Abel Maciel and Leo Garbutt of the Construction Blockchain Consortium (CBC) explore the latest developments in Blockchain and its relevance to smart contracts for BIM and digital construction management.
[2014.07.03] Tasca, P., Roure, C.D., 2014. Bitcoin and the PPP Puzzle.
Tasca, P., Roure, C.D., 2014. Bitcoin and the PPP Puzzle. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2461588
This paper approaches the PPP puzzle by using the Bitcoin/US Dollar exchange rate. The use of the virtual currency as macroeconomic laboratory allows us to remove frictions that previously impeded the empirical demonstration of the law of one price. We show that price adjustments are still far from perfect due to information asymmetry between agents. Nevertheless, the real exchange rate is stationary and adjusts by 81% within one day. Finally, because of the different speed of information spread, good market arbitrage takes place in the Bitcoin economy but not in the US economy. Thus, we conclude that in a frictionless economy the PPP holds and the speed of arbitrage for the good market depends on the speed of information spread among agents.