Blockchain for Construction
Application of blockchain technology for construction payments, contracts, and supply chain.
Definition
Blockchain for Construction applies distributed ledger technology to construction industry processes. It enables smart contracts for automated payments, transparent supply chain tracking, and immutable records of project documentation and compliance for improved trust and efficiency.
In Depth
Blockchain technology for construction addresses the trust and verification problems in multi-party project delivery. Smart contracts can automate payment releases when work milestones are verified, material provenance can be tracked from manufacturer to installation, and change order negotiations can be documented on an immutable ledger.
The most practical near-term application is payment automation. When a work package is completed and verified (through AI-powered progress monitoring), the blockchain smart contract automatically triggers the corresponding payment. This reduces the payment disputes and cash flow delays that plague the construction industry, where subcontractors routinely wait 60-90 days for payment after completing work.
Examples
Implementing smart contracts
Tracking material provenance
Automating payment release
Nomic Use Cases
See how Nomic applies this in production AEC workflows:
Frequently Asked Questions
Blockchain for Construction applies distributed ledger technology to construction industry processes. It enables smart contracts for automated payments, transparent supply chain tracking, and immutable records of project documentation and compliance for improved trust and efficiency.
Implementing smart contracts. Tracking material provenance. Automating payment release.
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