The Future of Construction: Revolutionizing the Industry with Blockchain Technology

On the Season 2 premiere episode of The AMP, I spoke with entrepreneur, April Moss, co-founder of Digibuild. Digibuild is a construction technology solution that is leveraging blockchain technology to transform the construction industry. In this article, we will explore the main themes discussed in the podcast and delve into the potential impact of blockchain technology on construction project management and efficiency.

The Journey Leading to Digibuild

April Moss brings a wealth of experience to the table, with a background in various roles at Procter and Gamble and a stint at a large brokerage. However, her personal connection to the construction industry through her father’s experience as a subcontractor has fueled her passion for revolutionizing the industry. She shares, “My dad sometimes got paid, didn’t get paid. We lived in our kitchen in the wintertime because he didn’t have work… It just wore on him.” This personal tragedy has inspired April to make a difference in the construction industry and create a healthier and happier environment for contractors.

The Power of Blockchain in Construction

Digibuild is harnessing the power of blockchain technology to bring transparency and efficiency to the construction industry. April explains, “We partnered with IBM and started building our product on hyperledger fabric… Blockchain drives transparency among different parties, and that is special for what we’re building out.” By utilizing blockchain, Digibuild is able to provide a platform that allows contractors to track their orders, bids, and materials in real-time. This level of transparency not only saves time and money but also improves the overall experience for contractors.

The Advantages of Digibuild’s Solution

Digibuild’s platform, Digiprocure, offers a range of advantages for contractors. April highlights, “We save 10% to 15% in most cases on most supplies… Sometimes it’s just timing because of where supply management is right now.” The ability to procure materials at a lower cost and track their delivery in real-time is a game-changer for the construction industry. Additionally, Digibuild is building the largest supplier database in the world, including a sustainable supplier database. This will enable contractors to easily connect with sustainable suppliers and meet the growing demand for environmentally friendly construction practices.

Industry Adoption and Partnerships

The construction industry has traditionally been slow to adopt new technologies. However, April has witnessed a shift in recent years. She shares, “We’re seeing an industry that realizes in order for them to grow, to build capacity, they have to adopt technology.” This increased interest in technology adoption is evident in the growing attendance at industry expos and the number of inquiries Digibuild receives for demos. April also highlights partnerships with companies like ICS and Emancipate, which further promote the implementation of web three and blockchain solutions in the construction industry.

The Future of Construction: Digital Assets and Beyond

The integration of digital assets, such as fractional real estate ownership and carbon credit procurement, is already shaping the future of construction. April envisions a future where labor can be procured through digital assets, allowing subcontractors to showcase their credentials and bid for work more efficiently. She also emphasizes the importance of reputation and credit in the industry, stating, “We’ve got ideas out there, and that’s where we’re headed.” The future of construction lies in the seamless integration of technology, sustainability, and efficient asset management.

Future Outlook

The construction industry is undergoing a transformation, and Digibuild is at the forefront of this revolution. By leveraging blockchain technology and artificial intelligence, Digibuild is streamlining the procurement process, improving transparency, and saving contractors time and money. The industry’s increasing interest in technology adoption and partnerships is a testament to the potential impact of web three and blockchain solutions in construction. As the industry continues to evolve, digital assets and reputation-based systems will play a crucial role in shaping the future of construction project management and asset management.

In conclusion, the future of construction is bright, thanks to innovative companies like Digibuild. By embracing blockchain technology and digital assets, the industry is poised for increased efficiency, transparency, and sustainability. The journey towards a healthier and happier construction industry has begun, and Digibuild is leading the way. As April Moss and her team continue to forge partnerships and drive industry adoption, the construction industry will undoubtedly experience a revolution that will benefit contractors, suppliers, and the environment. The future is here, and it’s time to build a better tomorrow.

Visit their website for more information today:
https://digibuild.com/

Listen/Watch the podcast below:
https://thealmegapodcast.com/the-amp-al-mega-podcast-s2-april-moss/