Data Gumbo Blog

Capital Projects Streamlined with Smart Contracts

Dec 19, 2019 2:51:00 PM / by Data Gumbo Team posted in construction, Project Management, Capital Projects

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By Scott Greer, Michael Matthews and Gregg Jacobson

Thousands of cubic yards of concrete, miles of wiring and pipe, and tons of steel: All of it has to be procured, tracked, delivered, installed, inspected and commissioned pursuant to the terms of the  contract. This is when the costs begin to rapidly accumulate. And this is where the automation and tracking capabilities of blockchain and smart contracts can begin to shine, and save owners millions of dollars on their capital projects.

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