Autodesk CEO: blockchain will help fight corruption in construction

The head of the American Autodesk Corporation, Andrew Anagnost, spoke at the Autodesk University conference in Las Vegas with the statement that the blockchain technology can help eradicate corruption and increase confidence in the construction industry.

"What is blockchain good at? It's a distributed, trusted ledger that cannot be altered and allows traceability and accountability. A technology like that in an environment like construction where various people involved in the process don't trust each other is going to find some kind of application," said Anagnost.

It is noteworthy that despite the enthusiasm of the head of Autodesk for the blockchain, the company has not yet introduced a single product using this technology. However, the corporation is considering the blockchain for its future developments.

Now the company is working on its own digital "storage" system, which, although not built on the blockchain, designed to increase confidence in the construction industry.

"it makes it very difficult to track who is responsible for what, so one of the big technological problems we're going to have to solve is making sure it is not optional to provide traceability and accountability … ...corruption in the construction industry is not uncommon. When people are paying hundreds of millions of dollars on large projects, something is always happening somewhere that isn't quite right. There's always someone bleeding off resources or money in some inappropriate way," Anagnost said.

Recall that in mid-October, World Bank President Jim Jim Yong Kim drew attention to the feasibility of using the blockchain to combat corruption and poverty, as well as to improve well-being in general.

SOURCE