Technology continues to change the way we work and live in surprising ways. It was hardly five years ago when the likes of ride-share apps like Uber and Lyft ushered in the onset of the gig economy that is making lives easier for people around the globe. Technology also has changed the way some have thought about currency, which thrust cryptocurrency, such as Bitcoin, into the spotlight.
But it’s Bitcoin’s behind-the-scene technology—blockchain—that is enabling and evolving these developments and making an equally impactful role in transforming traditional industries. Blockchain, essentially a digital and distributed record of data, already is innovating the supply chain and financial sectors. Now, in what might not at first seem like a natural fit, it has the largely unrealized potential to make a big mark on the construction industry.
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