Transform construction industry with IoT and blockchain.
Engineering and construction supply chains are a complex network with numerous relationships and materials, products/services, logistics and information, and money flows. Risks and disruptions in the supply chain can lead to lost materials, waste, increased downtime, and inefficiencies. IoT in the construction industry can be seen as the use of devices and equipment to ensure optimal usage of the resources available with proper technological planning and with regulated expenses at the cost of minimal and low risks. Combining it with blockchain, the distributed ledger can store securely lifecycle information about every asset in a building project. Also inviting suppliers into a decentralized blockchain network allows project managers to track materials throughout the entire project, and even ensure the efficient utilization of those materials.
Privacy and security
A ledger that is shared across network partners and indelible means that tampering, fraud, and cyber-crime are much more difficult. Enable the highest level of security, performance, and stability.
Trust across parties
Blockchain networks help assure data integrity by storing an immutable, single version of the truth. Network participants can collaborate with confidence as they exchange information while controlling data access.
Reducing data leaks
Blockchain can reduce the time, cost and risks of managing sensitive information by providing an immutable and transparent audit trail for regulatory compliance, contract management, identity management and citizen services.
Through distributed ledger technology that provides a shared, single version of the truth, Cortex gives permissioned participants greater visibility across all activities.
Streamline shared processes, increase accountability, minimize disputes and automate reconciliation tasks.
Blockchain can provide real-time visibility on the entire infrastructure and processes, eliminating blind spots across public and private entities.