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Increasing the Value of Specifications in a Smart Contracts World, The Specifics with Paul Doherty

About This Program

Smart contracts with blockchain technology help ensure that shared digital records are safe, transparent, and all modifications are identifiable. Are you using this tool to protect specifications? Join us for a look at how to increase the value of specifications by using smart contracts that leverage blockchain, formally known as distributed ledger technology (DLT). Industry heavy-hitters such as the Associated General Contractors (AGC) and the American Institute of Architects (AIA) have announced their move to an online blockchain service for the contract documents they endorse, and more organizations are following suit. In this session we’ll discuss the processes, technologies, and best practices of how smart contracts can help position and increase the value of construction documents in the digital age. 

Session Takeaways

  • Recognize the purpose and advantages of using smart contracts for construction documentation. 
  • Identify new technologies and innovations that focus on data-driven solutions.
  • Use blockchain technology to increase the value of specifications as critical construction documents. 
  • Create a technology roadmap for a professional business plan.

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Learning Units

CSI: 1.0 LU
*May be submitted for domain specific learning units to CDT recertification, and/or general learning units for CCCA, CCS, and CCPR.
Course has been approved for AIA LU Credits

Relevant Practices

General Project Delivery
Specifying/Information Management
Product Selection/Specification
Construction Management/Construction
Quality Assurance/Quality Control
Ownership/Property Management