Construction Industry

Construction Industry March 11, 2023


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The construction industry represents a primary sector for the global economy, but it faces several challenges that limit growth and efficiency.

High costs in the construction industry
The high cost of building and maintaining structures is one of the major challenges for construction companies. Lack of innovation, regulation, and bureaucracy are some of the factors that influence costs. Construction companies can tackle this challenge by developing sustainable solutions for building and maintaining structures. By using sustainable building materials and efficient construction techniques, companies can reduce costs and the environmental impact of structures. Diversification and adaptation to market fluctuations are also essential strategies to ensure the survival and growth of the construction industry.

Sustainability in the construction industry
Sustainability represents another significant challenge for the construction industry. Structures are responsible for a significant percentage of greenhouse gas emissions and the use of natural resources. By using sustainable building materials and efficient construction techniques, companies can reduce the environmental impact of structures and increase the competitiveness of companies in the market. In this way, construction companies can contribute to creating a healthy and sustainable environment for future generations.

Market fluctuations in the construction industry
Market fluctuations represent another challenge for the construction industry. These fluctuations can affect the profits of companies, the ability to plan and manage construction and maintenance activities, and the ability to provide competitive prices to customers. To address these challenges, construction companies must innovate and adopt more efficient and sustainable solutions for building and maintaining structures. Additionally, collaboration between construction companies and public authorities can help overcome issues related to regulation and bureaucracy.


Blockchain technology represents an innovative opportunity for the construction industry. Thanks to its ability to simplify construction project management processes and reduce bureaucratic costs, it can have a significant impact on industry businesses.

Improving efficiency and sustainability in the construction industry
Blockchain technology allows for the secure and transparent sharing of information and data about construction projects among participants. This reduces errors and increases efficiency in construction project management.
Additionally, blockchain can improve the sustainability of the construction industry by tracking and monitoring the origin and environmental sustainability of building materials. This ensures greater social responsibility and transparency for customers.

Smart contracts to reduce costs and increase competitiveness
The use of blockchain-based smart contracts can reduce the impact of market fluctuations on construction businesses. These contracts automate transactions between companies, reducing management time and costs, and ensuring compliance with terms and conditions of the agreements.

Implementing innovative and sustainable solutions
The use of blockchain in the construction industry can improve the efficiency, sustainability, and competitiveness of businesses. However, to fully exploit the advantages offered by blockchain technology, businesses must commit to implementing innovative and sustainable solutions.

Case Studies


The construction industry is rapidly adopting blockchain technology to improve data and supply chain management. According to MarketsandMarkets, the global blockchain technology market in the construction sector will reach $1.6 billion by 2024, with an annual growth rate of 80.2%.

Blockchain and construction industry: Benefits and opportunities
Blockchain technology offers many opportunities to the construction industry, improving data and supply chain management. Through blockchain, suppliers can monitor deliveries and receive real-time payments, increasing process efficiency and transparency. In addition, contracts management can be automated, reducing costs and ensuring greater security and accuracy.

Concrete examples of using blockchain technology in construction

  • The pilot project of the British real estate company Redrow demonstrates how blockchain technology can improve contract management and the property sales process. Through blockchain, Redrow reduced the average sales time by 23% and the costs associated with contract management by 90%.
  • Another interesting project is ConsenSys’ “BIMtoBlockchain,” which used blockchain technology to manage all building construction data, resulting in a 50% reduction in data management costs, a 30% reduction in data review time, and a 100% improvement in data accuracy.
Find out how we can help you

The construction industry can benefit greatly from adopting blockchain technology. However, many companies struggle to understand if this technology is suitable for their specific needs.

Our specialized consultancy aims to help construction industry businesses better understand the adoption of blockchain and evaluate if it is the right solution for them.

In particular, our consultancy analyzes the processes and specific requirements of the company for the adoption of blockchain technology. We identify specific use cases and analyze the technological requirements necessary for implementation.

Furthermore, our consultancy assesses the potential impact of blockchain technology and identifies the specific processes that can derive the greatest benefits from blockchain adoption. We also offer a feasibility study to provide construction industry businesses with a comprehensive overview of the costs associated with the adoption of blockchain technology and the potential benefits it can offer.

Our consulting process begins with an in-depth analysis of your specific goals and needs.

We work closely with you to understand your challenges and goals you want to achieve through the adoption of blockchain technology. This allows us to offer you highly personalized advice tailored to your needs.

Second, we analyze your current processes

to understand how blockchain technology can be integrated effectively and efficiently. This phase allows us to identify current strengths and weaknesses and define how blockchain technology can improve these processes.

Thirdly, we evaluate the technical and implementation requirements

necessary for the implementation of the blockchain technology. This phase allows us to identify the most appropriate technological solutions for your specific needs.

Finally, we define an implementation road map

outlining the specific steps required to successfully implement blockchain technology. Our road map takes into account your specific needs, identified technological solutions and implementation requirements. 

As blockchain experts, we are happy to offer you a free 20-minute consultation to assess the feasibility of adopting blockchain technology within your industry.

During the fact-finding call, you will have the opportunity to discuss your specific needs, your goals and the challenges you are facing. We will also show you how we can help you successfully implement blockchain technology in your business.

We are convinced that blockchain technology can be of great help to your sector and we are ready to offer you our experience and expertise to ensure the success of your company.

Don’t miss the opportunity to improve your business with the adoption of blockchain technology. 

Book a free consultation
If you are an entrepreneur in the construction industry and want to find how blockchain technology can improve the efficiency, transparency, and sustainability of your business, book a 20-minute introductory call with our experts.
During the call, we will talk about processes and requirements necessary to adopt blockchain technology in the construction sector. We will also outline how we can help your company adopt blockchain technology efficiently and sustainably, identifying processes that can derive the greatest benefits while evaluating the costs and advantages of technology adoption.
We provide concrete solutions to market limits, through blockchain technology

Since 2018 we have been guiding companies in responsible innovation, through the choice and best application of decentralized technologies. With offices in Venice and Milan, partners in Europe and the Middle East, we are the reference Blockchain Integrator for medium and large companies. We are part of a continuously growing Group that offers an integrated platform of services for innovation and research in the technological field.

Asking is legitimate, providing answers is our duty
Blockchain can create an immutable history of transactions involved in the production, transportation, and delivery of construction materials. This system can ensure the quality and authenticity of the materials. Using blockchain for monitoring construction materials can be an important tool to ensure building safety and protect the reputation of the companies providing these materials.
Blockchain can be used to create a digital record of contracts, licenses, and certifications involving the construction industry. This record can simplify procurement management and reduce inefficiencies in document management. Blockchain can also improve transparency in procurement management, making it easier for all participants to monitor contract status and ensure compliance with deadlines.
Cryptocurrency payments can bring significant advantages to the construction sector, such as reduced transaction costs, transaction speed, and efficient international transactions.
Notarization in blockchain represents a secure and transparent solution for managing contracts and legal documents in the construction sector, reducing the risk of fraud and errors, increasing trust among the involved parties, and accelerating approval processes.
Discover how blockchain technology can improve the efficiency, transparency, and security of your construction operations. Get an overview of the opportunities offered by blockchain for document management, material traceability, and information sharing with stakeholders. Request a free 20-minute consultation now!
During the 20-minute consultation, our experts will show you how blockchain technology can help you achieve your efficiency, transparency, and security goals. Discover how blockchain can help your company improve document management, material traceability, and information sharing with stakeholders. Book your free consultation now!