The CEO of Autodesk advises blockchain to reduce the corruption of the construction industry

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Seamus Byrne

The CEO of global design software giant Autodesk has claimed to believe that the introduction of blockchain technologies will represent a significant opportunity to curb corruption in the construction industry and reduce the lack of trust among operators in the sector.

Speaking at a panel discussion with journalists at Autodesk University 2018 in Las Vegas, CEO Andrew Anagnost, Ph.D. in aerospace and astrospatial engineering, answered questions about why Autodesk had not yet considered blockchain as part of its future. architecture widely used engineering and construction software (AEC).

"Oh, we are," said Anagnost. "We simply do not have a point of view that we have publicly stated."

Autodesk is the manufacturer of design software for manufacturing, architectural, engineering and construction industries as well as for the media and entertainment industry.

The CEO of Autodesk, Andrew Anagnost, says that blockchain technology will prove invaluable in the construction industry, ...

Autodesk CEO Andrew Anagnost says blockchain technology will prove invaluable in the construction industry, which is full of people who do not trust each other.

Bloomberg

The company's AEC software category has evolved alongside the broader industry to provide not only 3D modeling of product and building projects, but also Building Information Modeling (BIM), which tracks data on materials used in buildings and fittings.

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This change has fostered an industry trend in a large set of shared data across the cloud, and with this collaboration the need for greater trust and responsibility arises.

The industry has discussed various ways to bring blockchain into construction processes, particularly on the use of smart contracts and identities. For Anagnost, it is about reducing it to greater trust in a low-trust work environment.

"What is blockchain? It is a distributed and reliable ledger that can not be altered and allows traceability and accountability," he said. "A technology like that in an environment like the building where several people involved in the process do not trust each other will find some kind of application."

Anagnost said Autodesk worked on its non-blockchain digital "escrow" systems as a step along the road to improving the trust environment in the construction industry.

Common corruption

"Let's face it, corruption in the construction industry is not rare," says Anagnost. "When people pay hundreds of millions of dollars for large projects, something always happens somewhere that's not right, there's always someone who breaks down resources or money inappropriately."

Anagnost, in fact, has suggested one of the biggest obstacles to improving traceability and responsibility in construction are people who do not want to be traced.

"They do not really want a clear record of who did what, when and how, it will take many of us to enforce this and make it not optional to track down who did what and when."

"I've been on construction sites and I've been with quality controllers," says Anagnost. "They are taking pictures and I have noticed that sometimes they register the problem and sometimes not, so I ask them – why did not you record it?" Oh, because I know that guy, I'm going to tell him about it. " So the subcontractor he knows does not register his problems, but the subcontractor he does not know is registered.

"This always happens and makes it very difficult to track down who is responsible for what, so one of the big technological problems that we will have to solve is to make sure that it is not optional to provide traceability and responsibility".

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