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

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Description

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.
AIA:	1.0 AIA/LU
Course has been approved for AIA LU

Relevant Practices

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

Contributors

Paul Doherty, CDT®, RA, IFMA Fellow, DFC Senior Fellow

Founder and Chairman, The Digit Group (TDG)

Paul Doherty is chairman and CEO of TDG (the digit group www.thedigitgroupinc.com). As seen on Bloomberg TV, acknowledged by CNBC as one of America's Business Titans, and reported by Forbes as “Changing the World”, Doherty is an award-winning architect and one of the world’s most sought-after thought leaders, strategists, and integrators of process, technology, and business. He is a senior fellow of the Design Futures Council and a fellow of the International Facility Management Association (IFMA). His current work is as chairman of TDG Global Ventures, a Smart City real estate development company that provides financing, design-build, and innovative technology solutions around the world. Concurrently, he is the co-founder and producer of the critically acclaimed AEC Hackathon (www.aechackathon.com) that launched at Facebook Headquarters. Doherty’s past successful ventures include Revit Technologies (Sold to Autodesk 2002), Buzzsaw (Autodesk 2001), and TRIRIGA (IBM 2011).