Focus

Want a revolution in project planning? Click here

By 2019-09-17T05:00:00

blockchain_shutterstock_1192927717

A consortium including Vinci, Skanska and the BRE is building a tool called PLASMA that aims to reduce costs and time on site by 25%

What if someone told you that you could save 25% in time and cost on construction projects? And significantly improve long-term project planning? And optimise supply chain performance not just for your projects, but across the entire industry? And that you could do this without making any significant changes in your day-to-day operations?

A consortium, led by Vinci Construction UK, is midway through a two-year project funded by Innovate UK (see overleaf) to develop a tool that aims to do that.

The tool, called PLASMA, is based on blockchain 鈥� the technology behind cryptocurrencies such as bitcoin 鈥� and is being designed to make project planning more efficient, predict future problems on site and automate payments via 鈥渟mart contracts鈥�.

Could this really be the answer to construction鈥檚 long history of delays and cost overruns? Here Scott Bennison (SB), Vinci鈥檚 digital operations manager and the person leading the PLASMA project, provides some answers.

Read more鈥�

This is PREMIUM content, available to subscribers only

You are not currently logged in. Subscribers may LOGIN here.

to access this story

Gated access promo


A subscription will provide access to the latest industry news, expert analysis & comment from industry leaders,  data and research - including our popular annual league tables. You will receive:

  • Print/digital issues delivered to your door/inbox
  • Unlimited access to building.co.uk including our archive
  • Print/digital supplements
  • Newsletters - unlimited access to the stories behind the headlines

now 

 

Get access to premium content