5.10.9. Blockchain in Infrastructure Projects

Try these first

1. 1.

   What is a blockchain?

   Hint

   Think about a secure record-keeping system.

2. 2.

   Define smart contracts.

   Hint

   Consider contracts that fulfill themselves.

3. 3.

   What is the main purpose of a smart contract in blockchain?

   • To manually track payments
   • To execute agreements automatically
   • To create counterfeit materials

   Hint

   Think about how they eliminate the need for manual processes.

4. 4.

   True or False: Immutability means that records can be easily changed.

   • True
   • False

   Hint

   Consider why being unchangeable is important in legal documents.

5. 5.

   How would the implementation of blockchain technology change the landscape of project management within infrastructure construction?

   Hint

   Think about both time savings and trust issues that may arise in traditional methods.

6. 6.

   Create a scenario where smart contracts could fail in a construction project. What could be done to avoid such failures?

   Hint

   Consider how to clarify terms and conditions in a contract to prevent misunderstandings.