Blockchain for Civil Engineering Practices in Smart Cities
R.C.Y. Lam, Alvin Junus, J.Y.W. Mak, Louis C.H. Lam, P.K.K. Lee · 2018
Many civil engineering malpractices can be avoided if there are timely, transparent, and unalterable records of these activities. This paper describes an approach to achieve this purpose with blockchain technology. A novel blockchain system designed to avoid high volatility in token price and encourage public participation in maintaining the ledger is introduced. Civil engineering and construction are the first testing fields for the system. It is anticipated that the system, after successfully implemented, can extend its scope to other areas as well.