{"id":18139,"date":"2018-02-16T17:31:03","date_gmt":"2018-02-16T17:31:03","guid":{"rendered":"http:\/\/ihbconline.co.uk\/newsachive\/?p=18139"},"modified":"2018-02-16T17:31:03","modified_gmt":"2018-02-16T17:31:03","slug":"ihbcs-tekkie-cpd-boost-blockchain-technology-transformation-in-the-built-environment","status":"publish","type":"post","link":"https:\/\/newsblogs.ihbc.org.uk\/?p=18139","title":{"rendered":"IHBC\u2019s \u2018tekkie\u2019 CPD boost: Blockchain technology transformation in the built environment\u00a0"},"content":{"rendered":"

\"CBC<\/a>Blockchain technology has the potential to be a transformative force in the construction industry, says the Construction Blockchain Consortium(CBC), which is bringing together industry and academia to \u2018supercharge its development\u2019 in the UK, notably in areas especially relevant to IHBC members: Knowledge Transfer; Research & Development and Education & Training.<\/h3>\n

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CBC writes:<\/p>\n

\u2018The Construction industries are entering a period of major disruption caused by new technologies such as Blockchain, as well as Artificial Intelligence (AI) and Internet of Things (IoT).\u2019 according to academic leader Philip Treleaven Professor of Computing and Director of the Financial Computing Centre,UCL. He said: \u2018The Construction Blockchain Consortium aims are to become the leading construction industries knowledge transfer consortium in collaboration with a premier university. It is the vehicle for tracking and testing these emerging technologies and build proof-of-concept system.\u2019<\/p>\n

Concerning the built environment Alan Penn, Professor in Architectural and Urban Computing, Dean of the Bartlett School, UCL said<\/p>\n

\u2018We are in an unprecedented period of technological change and disruption \u2013 an \u2018Information Tsunami\u2019 \u2013 BIM, blockchain technology, machine learning, IoT, Big data analysis, AI-based intelligent advisors etc. This is having a profound effect on most sectors, especially financial services, and will clearly cause major disruption in construction. The UK Government has been highly successful in encouraging FinTech to rejuvenate the Banks, and is now encouraging similar initiative in HealthTech, and LawTech. The Construction Blockchain Consortium aims to encourage change and respond to opportunities.\u2019<\/p>\n

It\u2019s Mission Statement states that the consortium supports knowledge transfer, arrange commercial and academic presentation, assess and test commercial services and technology, conduct research, and drive policy, regulation and understanding of the radical consequences of technology and services. Where required we could also develop proprietary technology and services for the consortium members; using both outside contractors, and leveraging PhD and Masters students.<\/p>\n

Thus, services might include the following:<\/p>\n