Blockchain: Explainer and Grenfell relevance.

In relation to transparency and responsibility in the material supply chain we have covered material passport on a few occasions on this blog and in event workshops, (Cradle to Cradle, LBC Declare etc)

 

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Emerging Blockchain technology, the technology of trust is redefining the way we transact. Combining the internet’s openness with cryptography security,  Blockchain can give everyone a faster, safer way to verify supply chain transactions, verify key information and (re)establish trust. 

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Being able to verify everything we specify, procure and install on building projects will go a big way to removing the uncertainty highlighted in the Grenfell Tower materials issue.

 

Blockchain can provide that certainty.

Blockchain is designed to store information in a way that makes it virtually impossible to add, remove or change data without being detected by other users.

 

But what is Blockchain?

This Blockchain explainer from Goldman Sachs is one of the best introductions (despite its clunky format!)

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Image: http://www.goldmansachs.com/our-thinking/pages/blockchain/

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