Finding Out How Blockchain Can Solve Current Challenges of the Construction Industry
Are you a homeowner trying to find the best builders to redecorate your house? Are you thinking of building a home for you and your family? Do you have a business in the construction industry or is your job related to construction works? If the answer to any of these previous questions is affirmative, keep reading - this article is for you (and also for the avid readers that want to learn more about the latest blockchain based projects).
Let’s have a quick look at some of the most pressing issues that affect this market; understand who are the primary type of stakeholders involved here and, finally, discover what are the practical solutions of benefits and using blockchain technologies to improve this industry.
Connecting professional construction contractors and clients are frequently a daunting task.
Most of the times clients don’t know where to look for and have no idea regarding who to choose. What features should they look at? What makes a constructor a professional? At the same time, building contractors are most of the times unprepared concerning promoting their expertise or their portfolio.
Inefficient advertising
Building contracts rarely end up reaching the right audiences or being efficient in their marketing campaigns. And even though statistics and studies show that there is plenty of work for everyone, the number of building contractors is too low to meet the needs of the actual market.
There is not enough trust between contractors and clients
Most of the times, building operations involve vast amounts of money. However, when searching or finding a contractor on a freelancing platform or through an online ad, it’s hard to initiate a certain needed level of trust, openness and feeling of safety between these two parties.
Problems with payments
Intermediaries make payment operations take longer, be more costly than they should be and are also vulnerable to frauds.
Difficulties in negotiating
Many online platforms or companies only have a fixed price list, so it's challenging to find ways to negotiate (sometimes this is even impossible, from the start). And to be honest, prices are most of the times too high for most of the clients to accept.
It’s hard to trust or rely on reviews
This system is not always of use - nor for the construction contractors, nor for the potential clients. How so? Evaluations can be subjective or can reflect only a type of works that is performed while a constructor.
The solution?
Introducing Builderium - a modern blockchain based platform that aims to bring together quality construction contractors and clients from all over the world.
Being design to operate on the blockchain, Builderium takes out the old ways of transactions or contracting building operations. Moreover, it provides a better mechanism that encourages win-win interactions and projects.
In a nutshell, Builderium helps clients post the details of their project onto the platform. Builders see this need project and are encouraged to participate in reverse auctions. The lowest price means. Thus, clients obtain professional building services, enjoy a higher level of transparency of trust, make secure payments over the blockchain. Contractors, as well, can make the most of the Builderium benefits - cutting advertising costs, quick and reliable transactions with blockchain, the ability to build a better ranking and reputation with each project they end successfully.
How will this project be developed, who are its founders and what makes its token so unique? Find answers to all these questions right now at their Website ANN and Whitepaper
ETH Adress: 0xb553b0480735e9587b9dfffda33a2f463eaa31a0
Your post had been curated by the @buildawhale team and mentioned here:
https://steemit.com/curation/@buildawhale/buildawhale-curation-digest-08-16-18
Keep up the good work and original content, everyone appreciates it!