#55 Towards smart contracts and smart finance in construction – Phase 1
Smart contracts and blockchain may be a technology that can provide certainty and clarity to the construction industry. Contracting and finance issues are an acute problem this industry, often creating delays and uncertainties that can lead to insolvency or other issues.
This project explores case studies in the construction industry to determine the future of smart contracts and blockchain technology to address concerns about finance and supply chain transparency. In particular, it investigates using smart contracts to facilitate faster and more reliable payments and how a digital twin of the supply chain can allow for more transparent and trustworthy systems.
The project team will develop a blueprint that can be used in a future phase to build the proposed technological solution.
Project team: Prof. Felicity Deane, A/Prof. Tim Rose, Dr Bikalpa Rajbhandari
Lead researcher
People, Practices and Culture
- Supply Chain Management, Logistics
- Finance and Economics
- Contracts and Procurement
- Policy and Regulation
- Risk Management
- User Interface, Visualisation and Analytics
- IoT, Sensors and Construction Tech
- Building Operation and Performance
- ePlanning and eApprovals
- Digital Project Management
Policy and Regulation
Theme coordinator
Dr Eric Windholz
Projects
#55 Towards smart contracts and smart finance in construction – Phase 1
#95 The Homes NSW MMC Program
#21 Regulatory Reform for Industrialised Building
#33 Evaluation of emerging technologies for remote inspections of building work
#17 The implication of Industry 4.0 for the construction industry: towards smart prefab
User Interface, Visualisation and Analytics
Theme coordinator
Dr Barrett Ens
Projects
#90 Evaluating the effectiveness of roofing work inspection using remotely piloted aircraft systems
#55 Towards smart contracts and smart finance in construction – Phase 1
#97 Self Storage Association of Australasia Digital Platform Development
Light House Project #13: Mixed Reality Carpentry Demonstration
Light House Project #1: Monash Smart Manufacturing Hub (mSMH) – A Digital Twin Living Lab
IoT, Sensors and Construction Tech
Theme coordinator
Dr Aravinda Rao
Projects
#55 Towards smart contracts and smart finance in construction – Phase 1
#85 From Digital Design to Human Robot Collaborative Masonry Construction
Light House Project #28: The application of computer vision to measure productivity and enhance safety on construction sites
Light House Project #1: Monash Smart Manufacturing Hub (mSMH) – A Digital Twin Living Lab
#29 Real-time EH&S Intervention to Improve Site Safety (Scoping Study)
Building Operation and Performance
Theme coordinator
Dr Sara Omrani
Projects
#55 Towards smart contracts and smart finance in construction – Phase 1
#105 Blockchain-powered peer-to-peer energy trading: Advancing sustainability and affordability in smart residential communities
#100 IEQ Monitoring of Aboriginal Housing Office 3D Printed Houses
#95 The Homes NSW MMC Program
#50 Development of Artificial Neural Network and Automated Life Cycle Assessments for Cloud Based Residential Energy Estimations
Digital Project Management
Projects
#55 Towards smart contracts and smart finance in construction – Phase 1
#93 US Research Tour 2024: San Francisco and Greater Bay area
Light House Project #28: The application of computer vision to measure productivity and enhance safety on construction sites
#61 Building Productivity – Product, Process, People
#17 The implication of Industry 4.0 for the construction industry: towards smart prefab