
Smart Contracts Are Revolutionizing Construction Supply Chains (Here’s How)
Smart contracts are revolutionizing construction supply chain management by automating critical procurement processes, ensuring transparent material tracking, and eliminating costly delays through blockchain-powered verification systems. Industry leaders implementing these digital contracts report up to 40% reduction in administrative overhead and a 60% decrease in payment disputes.
Construction professionals can now encode project requirements, delivery schedules, and quality specifications directly into self-executing agreements that automatically trigger payments when predefined conditions are met. This technological advancement …