Building Information Modeling (BIM) gives architecture, engineering, and construction (AEC) professionals insight and tools to more efficiently plan, design, construct, and manage buildings and infrastructure. However, payments are a challenge and there is a lot of paperwork involved. BIM software should not be limited to generating 3D models and could serve to compile all project information and documentation, such as change orders, invoices, and payment records.

Blockchain can address issues surrounding secure access to the model and allow for a reliable audit of who made changes, when they were made, and what those changes were. Contractual processes that typically require…

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