Skip to Main Content
The New Advanced Society
book

The New Advanced Society

by Sandeep Kumar Panda, Ramesh Kumar Mohapatra, Subhrakanta Panda, S. Balamurugan
April 2022
Intermediate to advanced content levelIntermediate to advanced
512 pages
12h 53m
English
Wiley-Scrivener
Content preview from The New Advanced Society

2Distributed Ledger Technology in the Construction Industry Using Corda

Sandeep Kumar Panda*, Shanmukhi Priya Daliyet, Shagun S. Lokre and Vihas Naman

Computer Science and Engineering Department, IcfaiTech, ICFAI Foundation for Higher Education, Hyderabad, India

Abstract

The population pertaining to the entire world has been increasing steadily over the past decades. One of the most basic requirements for the survival of humans is a shelter that could be anything from a small hut to a luxurious skyscraper, ultimately giving the construction industry a major role in this process. In comparison to many other industries, the construction industry can be termed as one of the world’s most fragmented sectors due to the scattered and complex supply chain. Furthermore, this complexity moves a step higher while keeping track of the various factors involved, like the clients, architects, contractors, material suppliers, etc. Also, the complex supply chain of the globally manufactured construction products has to be managed for the sake of meeting the quality requirements and customer satisfaction. But the lack of accountability in the construction industry sometimes leads to various types of faults, delays, and even accidents at some stages. Keeping these main points in mind, this chapter introduces a key to this dispute with the help of Corda, a distributed ledger platform for permissioned networks, inspired by blockchain technology. This helps in maintaining transparency among the actors ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

The Unintended Consequences of Technology

The Unintended Consequences of Technology

Chris Ategeka
How to Help High Achievers Overcome Imposter Syndrome

How to Help High Achievers Overcome Imposter Syndrome

Morela Hernandez, Christina Lacerenza

Publisher Resources

ISBN: 9781119824473Purchase Link