How BIM & Blockchain Helps Maintain Estimated Costs of Construction Projects

When construction projects are large and there is a BIM modeling company involved in the project, chances are high that designing and BIM modeling work is shared over cloud storage. It increases the risks of data leaks and intellectual theft. With Blockchain technology’s decentralized architecture of digital data storage, data can be accessed easily with reduced threats. Subcontractors can efficiently make the changes and check the changes made by design engineers and architects at the other end. This essentially improves the communication channel between the two parties and decisions can be taken more efficiently. Such collaboration makes the 5D BIM model, prepared by BIM managers to be more efficient.