To keep you in the know, we’re sharing a roundup of news and trends in the construction, mining, aggregates, and waste management industries this month.
August is almost done, and the North American construction season is still going full steam ahead. We’ve been seeing more talk about digital twin technology moving into construction, the potential for blockchain technology to help project execution, and how drones are doing more dangerous jobs and keeping people safe.
Here’s what you need to know:
How Blockchain Will Change Construction from Harvard Business Review
“Blockchain technology is among the most disruptive forces of the past decade. Its power to record, enable, and secure huge numbers and varieties of transactions raises an intriguing question: Can the same distributed ledger technology that powers bitcoin also enable better execution of strategic projects in a conservative sector like construction, involving large teams of contractors and subcontractors and an abundance of building codes, safety regulations, and standards? . . .”
Drones Do Deadly Work So You Don’t Have To from Bloomberg
“Here’s a job any worker would be happy to pass off to a drone: Imagine crawling down a ladder into the vast darkness of a 20-story-high storage tank filled with toxic chemical fumes to spend hours searching for corrosion. More than a thousand U.S. laborers have been killed working in confined spaces like that in the past decade. . . .”
Bechtel scion raises nearly $100M for contech startups from Construction Dive
“Brick & Mortar Ventures, a San Francisco-based firm founded in 2015, has launched a $97.2 million fund to invest in construction technology, another sign that stakeholders are eager to invest money into construction technology after a more than $6 billion infusion in the sector last year. . . .”
How does the US and UK BIM process compare? From BIM Today
“Amanda Comunale and Shaun Hughes of Victaulic, a producer of grooved mechanical pipe joining systems, share their knowledge on how BIM (Building Information Modelling) is progressing in the US and the UK. . . .”
Tech 101: Digital Twins from Construction Dive
“While digital twins have been used for years in manufacturing and aviation, adoption is slowly making its way to construction. A digital twin is a virtual model of a building that collects real-world information about the structure via sensors, drones and other wireless technology. The “twin” continuously learns from multiple sources, including advanced analytics, machine-learning algorithms and artificial intelligence (AI). . . .”