JCT Chair to take part in Construction Blockchain Session at Futurebuild 2020

JCT Chair, Richard Saxon CBE, will be participating in the “Construction Blockchain: BIM and Smart Contracts” session at Futurebuild on Wednesday 04 March 2020.

The session, hosted by the Construction Blockchain Consortium (CBC), outlines the emerging applications of distributed ledger technology, and includes the presentation of a white paper from the CBC, for which Richard wrote the forword.

Delegates will be updated on developments in technologies such as Blockchain, DApps, and smart legal contracts, and why they need to be considered in order to fully reap the benefits of embedded computing within the construction industry.

This is especially important in light of the estimate that the built environment will have 75 billion agents of information exchange in the Internet of Things by 2025.

The CBC, as an open and impartial platform for cross-industry collaboration, is a vehicle for tracking and testing emerging technologies, developing an industry-wide vision, and providing prototyping of proof-of-concept systems, especially in the area of smart contracts.

Richard was invited to be part of their Steering Group, where his role is to provide expertise in linking their research with industry demand.

JCT is also playing a key role in furthering cross-industry collaboration and developing the use of construction contracts through digital technologies. Recently, it has published updated BIM guidance for practitioners, building on the work to integrate BIM use into the 2016 Edition of Contracts.

The launch of its successful JCT On Demand digital service formed the first part of a new range of digital contract services, designed to foster collaboration, transparency, and efficiency.

Richard Saxon said:

“Blockchain and Smart Contracts are much discussed but are some distance yet from being useful. We need the tech community to really understand our industry.”

The CBC session takes place at 15:05 at the Digital Impact Zone – Centre Stage at Futurebuild, London Excel, on Wednesday 04 March 2020. More information is at www.futurebuild.co.uk/whats-on.

More information about the work of the CBC is at www.constructionblockchain.org.