Take a moment to appreciate how much the construction industry has changed over the past five years. Construction technology has transformed the industry in many ways in recent years, from using smartphones for project management to employee contact list doing mapping with aerial drones. How different do you think things will be in five years?Paying attention to what's hot in the construction industry just makes sense when it comes to determining where you're going to focus your long-term resources. One trend in particular has recently become the talk of the town due to employee contact list its scale over the next five years.
Blockchain.Never heard of it? Don't worry, you are far from alone.What is Blockchain?The blockchain started with the popular Bitcoin cryptocurrency. It allows digital information to be distributed but not copied or modified, something that was originally designed to employee contact list create Bitcoin but is now modified for other uses in the tech community.Typically, data is stored in a central location that can be accessed from various points. This creates a security issue, as the transaction data could then be altered by a hacker capable of breaching the system.Blockchain is different, however. It is a database of every single transaction that is shared over a peer-to employee contact list peer network.
It is essentially a permanent chain of transactions that are aggregated into blocks and synchronized around the world, so the blocks cannot be changed once they are added to employee contact list the chain. It makes the chain of transactions publicly verifiable and completely tamper-proof.Google Drive has a similar method of s t o r i g n d a t a . Traditionally, you had to send a Microsoft Word document to employee contact list another person and wait for them to make revisions before you could see the new copy. Instead, Google Drive allows multiple parties to access the same document at the same time, make real-time edits, and see each other's additions.