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Blockchain and distributed ledger technology has the potential to improve building construction in several ways:
• Asset Tokenization: Some projects explore the idea of tokenizing real estate assets, including buildings, which can enable fractional ownership and increase liquidity in the real estate market.
• Supply chain management: Blockchain can be used to track building materials throughout the supply chain, from the manufacturer to the construction site. This can increase transparency and traceability, reduce fraud and counterfeiting, and improve quality control.
• Payment processing: Blockchain can be used to automate payment processing for construction projects, allowing for faster and more efficient payments that are verified through the blockchain. This can reduce payment disputes and delays and increase the speed of project completion.
• Smart contracts: Smart contracts can be used in building construction to automatically execute contractual obligations, such as making payments or releasing building plans when certain conditions are met. This can reduce the need for intermediaries and improve the efficiency of the construction process.
• Building maintenance and management: Blockchain can be used to create a decentralized database of building maintenance and management records, such as warranties, repair records, and energy usage. This can make it easier for building owners and managers to track and manage building maintenance, reducing downtime and costs.
• Decentralized project management: Blockchain can be used to create a decentralized platform for project management, allowing all stakeholders to have access to the same information and reducing the risk of miscommunication and errors.
Emergent vendors in this domain:
ImmVRse is a blockchain-based platform that is being developed to help with the design and construction of educational facilities. The platform uses virtual reality to create 3D models of buildings, which can be used to identify potential design flaws and optimize construction plans. The platform also uses blockchain to track project progress, reduce disputes, and facilitate payments.
Solar DAO is a blockchain-based platform that is being developed to fund renewable energy projects, including solar energy systems for educational facilities. The platform allows investors to fund solar energy projects and receive dividends based on the amount of energy generated. The platform also uses blockchain to track project progress and verify energy generation.
Blockcerts is a blockchain-based platform that is being used for digital credentialing in education. The platform allows educational institutions to issue digital certificates and diplomas that are verified through the blockchain, making them more secure and tamper-proof.
Widespread adoption of these technologies will require collaboration and standardization within the industry.
How Blockchain Will Change Construction
Don Tapscott – Ricardo Viana Vargas
Blockchain technology is among the most disruptive forces of the past decade. Its power to record, enable, and secure huge numbers and varieties of transactions raises an intriguing question: Can the same distributed ledger technology that powers bitcoin also enable better execution of strategic projects in a conservative sector like construction, involving large teams of contractors and subcontractors and an abundance of building codes, safety regulations, and standards?
“Increasingly, we are thinking more carefully about when and where we need to compete and what can we share and collaborate on,” said David Bowcott, global director of growth, innovation, and insight in Aon’s global construction and infrastructure group. Using blockchain to automate the contractual processes and paperwork underpinning these complex projects could save money, free up valuable resources, and speed up project delivery. (Unless otherwise noted, quotes are from interviews we conducted as part of our research.)
Bibliography
On-Site Construction Quality Inspection Using Blockchain and Smart Contracts
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Many units on the business side of the education industry directly employ a larger software staff than all the electricians, HVAC mechanics and plumbers combined. Software staff must continually “maintain” enterprise software to keep information flow steady, secure and interoperable with other platforms.
Software upgrade versioning is an essential part of producing that result. At a fine-grained level, revision control is used for keeping track of incrementally different versions of information, whether or not this information is computer software. Software action is tracked using two different software versioning schemes—internal version number that may be incremented many times in a single day, such as a revision control number, and a release version that typically changes far less often, such as semantic versioning or a project code name.
Because the Apache catalog is open source, stakeholders can enter and leave the community at any time. We encourage software experts with sensitivity to cost constraints to become involved in the Apache consensus product development process. We always encourage direct communication:
Getting Involved with Apache Subversion and the Community
We keep all software consensus products on the standing agenda of our Information & Communications (ICT) technology teleconferences. See our CALENDAR for the next online meeting; open to everyone.
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Bibliography:
ASTM International Manual 26, Third Edition (2020): Sensory Testing Methods
Statistics: A Full University Course on Data Science Basics
Models and Statistical Inference: The Controversy between Fisher and Neyman–Pearson
Emily Dickinson: pic.twitter.com/yXxEWct3Da
— Dr. Maya C. Popa (@MayaCPopa) May 20, 2023
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The American Society of Mechanical Engineers (ASME) has registered a Project Initiation Notification with ANSI to launch a revision to its consensus product ASME PM-202x, Performance Monitoring for Power Plants. This product should interest stakeholders in involved in college and universities with district energy plants — facility management staffs, consulting engineers, operations and maintenance staff.
From the project prospectus:
These Guidelines cover fossil-fueled power plants, gas-turbine power plants operating in combined cycle, and a balance-of-plant portion including interface with the steam supply system of nuclear power plants. They include performance monitoring concepts, a description of various methods available, and means for evaluating particular applications.
Since the original publication of these Guidelines in 1993—then limited to steam power plants—the field of performance monitoring (PM) has gained considerable importance. The lifetime of plant equipment has been improved, while economic demands have increased to extend it even further by careful monitoring. The PM techniques themselves have also been transformed, largely by the emergence of electronic data acquisition as the dominant method of obtaining the necessary information.
These Guidelines present:
• “Fundamental Considerations”—of PM essentials prior to the actual application, so you enter fully appraised of all the requirements, potential benefits and likelihood of tradeoffs of the PM program.
• “Program Implementation”—where the concepts of PM implementation, diagnostics and cycle interrelationships have been brought into closer conjunction, bringing you up-to-date with contemporary practice.
• “Case Studies / Diagnostic Examples”—from the large amount of experience and historical data that has been accumulated since 1993.
Intended for employees of power plants and engineers involved with all aspects of power production.
From ANSI’s PINS registry:
Project Need: This document is being developed in order to address performance monitoring and optimization techniques for different power generating facilities. The latest trends and initiatives in performance monitoring as well as practical case studies and examples will be incorporated.
Stakeholders: Designers, producers/manufacturers, owners, operators, consultants, users, general interest, laboratories, regulatory/government, and distributors.
This document will cover power generation facilities including steam generators, steam turbines, and steam turbine cycles (including balance of plant of nuclear facilities), gas turbines, and combined cycles. The guidelines include performance monitoring concepts, a description of various methods available, and means for evaluating particular applications.
No comments are due at this time. The PINS announcement was placed on October 11th*. The PINS registry is a stakeholder mapping platform that identifies the beginning of a formal process that may interest other accredited, competitor standards developers. Many ASME consensus products may be indirectly referenced in design guidelines and construction contracts with the statement “Conform to all applicable codes”
The landing page for the ASME standards development enterprise is linked below:
Note that you will need to set up a (free) account to access this and other ASME best practice titles.
We maintain all ASME consensus products on the standing agenda of our periodic Mechanical and Energy teleconferences. See our CALENDAR for the next online meeting; open to everyone.
Issue: [19-148]
Category: District Energy, Energy, Mechanical
Colleagues: Richard Robben, Larry Spielvogel
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New update alert! The 2022 update to the Trademark Assignment Dataset is now available online. Find 1.29 million trademark assignments, involving 2.28 million unique trademark properties issued by the USPTO between March 1952 and January 2023: https://t.co/njrDAbSpwB pic.twitter.com/GkAXrHoQ9T
— USPTO (@uspto) July 13, 2023
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