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ARTICLE · 01 AUGUST 2019

The Benefits Of Blockchain Technology In Construction

Given that construction accounts for a large share of society's energy and resource consumption, digitization can ultimately lead to more sustainable building by promoting productivity, quality and resource saving.

DenmarkReal Estate and Construction
Line Rener Nyeland
Line Rener Nyeland

Denmark is currently ranked as the country with the highest digitalization in the EU. The construction industry, however, still lags behind. In fact, construction is among the least digitized sectors in Denmark, even though the building stock constitutes a very large socio-economic asset, with values from investments amounting to approximately 45% of the total investments in the Danish economy.

The lack of digitalization is presumably due to a conservative industry that has not yet had the necessary financial incentive to keep up with the times. If, however, the construction industry does not keep up with the increasing digitilization of other industries, there is a risk that great value will be lost in the long term.

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