The growing need to improve quality and confidence in building compliance is opening up new opportunities for digital transformation. Blockchain technology has the potential to revolutionise the way the industry shares, records and manages important information relating to newly constructed and refurbished buildings. Plenty of people are talking about this transformation, but few have taken the first steps to deliver practical, real-world examples of how this might be achieved – until now.
Over the next 12 months, our team plans to develop an industry-first blockchain ‘proof of concept’, with the aim to demonstrate how the technology could drive significant savings in procurement, coupled with improvements in quality control (including record keeping) and compliance assurance. The benefits? Improved industry confidence in the buildings we construct and handover.
We believe this innovative approach will eventually benefit everyone involved in the design, management, construction, and maintenance of built assets. Reduced construction costs, certainty of works completed, and increased transparency are just some of the benefits this project hopes to demonstrate.
Simon Tranter, project lead and Head of Sustainability at Willmott Dixon Interiors says:
“We’re incredibly excited about the prospect of being one of the first companies to bring a viable and tested concept, using blockchain technology, to our industry. Importantly, we don’t want to do this in isolation – we want to share our findings and take everyone on this important journey”.
The project has recently secured funding from the CITB’s commission ‘Giving construction leaders the skills to drive digital transformation’ and we have partnered with Automated Markets, a blockchain solutions business, to help deliver the technical aspects of this commission.
How can you get involved?
Through a series of industry events, presentations and roundtable discussions we will be sharing our latest insights and updates on the project with industry peers and supply chain partners.
Industry events will also be taking place throughout the year in London and Birmingham.
Please visit this page for updates and information on these events.
Industry Event – Central London, Tuesday 21st April 2020
Our first industry event, open to all businesses and individuals with interests or responsibilities for leading change will be taking place on 21st April 2020, in central London.
Further information on this event will be made available soon.
If you would like to attend, or be added to the invitation, please contact Simon Tranter, head of sustainability, Willmott Dixon Interiors.
You can listen to Simon Tranter and Sam Gamble (Automated Markets) talk about the project in our latest podcast here.