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Title: Blockchain / Smart Contract / Bitcoin etc. in Construction Building? Post by: BlackJacky on March 02, 2017, 02:19:37 PM Guys, do you have an idea how blockchain, smart contract or Bitcoin etc. could be integrated in construction building?
Any crazy idea would be helpful :) Thx Title: Re: Blockchain / Smart Contract / Bitcoin etc. in Construction Building? Post by: franky1 on March 02, 2017, 03:15:32 PM crazy idea.
there are 5 styles of a residential house. when a land owner starts selling property. the styles of residence have their own address. then when people buy them the funds log what property type needs to be built and the funds via an automated bot splits up the amounts to cover labour materials, admin, legal costs etc. EG order a 5 bedroom house. and Xx btc goes to a materials supplier to order yyyy the bricks. X goes to the office to start the paperwork of applying for permits. all done automatically via smart contracts. where the funds can be automated to make sure funds are not siphoned off by unauthorised staff Title: Re: Blockchain / Smart Contract / Bitcoin etc. in Construction Building? Post by: BlackJacky on March 03, 2017, 08:17:00 AM crazy idea. there are 5 styles of a residential house. when a land owner starts selling property. the styles of residence have their own address. then when people buy them the funds log what property type needs to be built and the funds via an automated bot splits up the amounts to cover labour materials, admin, legal costs etc. EG order a 5 bedroom house. and Xx btc goes to a materials supplier to order yyyy the bricks. X goes to the office to start the paperwork of applying for permits. all done automatically via smart contracts. where the funds can be automated to make sure funds are not siphoned off by unauthorised staff Nice Idea :D That would be build on the Ethereum Blockchain to create smart contracts Title: Re: Blockchain / Smart Contract / Bitcoin etc. in Construction Building? Post by: Velkro on March 03, 2017, 08:24:59 AM Nice Idea :D That would be build on the Ethereum Blockchain to create smart contracts Bitcoin is the way to go here, it don't need a smart contract to do that. Title: Re: Blockchain / Smart Contract / Bitcoin etc. in Construction Building? Post by: BlackJacky on March 03, 2017, 08:56:27 AM Nice Idea :D That would be build on the Ethereum Blockchain to create smart contracts Bitcoin is the way to go here, it don't need a smart contract to do that. Im also a big Bitcoin fan but Im not sure if this will be possible in the future. For me it looks more and more that Bitcoin is "just" a store of value which would be already a breakthrough. The block size issue will be not solved and the block will stay at 1mb which means that the fees will increase a lot. I think only big companies and high net worth individuals will be able to do a transaction. The average consumer will do once a year or once in two year one transaction. Title: Re: Blockchain / Smart Contract / Bitcoin etc. in Construction Building? Post by: davis196 on March 03, 2017, 11:25:02 AM Nice Idea :D That would be build on the Ethereum Blockchain to create smart contracts Bitcoin is the way to go here, it don't need a smart contract to do that. Im also a big Bitcoin fan but Im not sure if this will be possible in the future. For me it looks more and more that Bitcoin is "just" a store of value which would be already a breakthrough. The block size issue will be not solved and the block will stay at 1mb which means that the fees will increase a lot. I think only big companies and high net worth individuals will be able to do a transaction. The average consumer will do once a year or once in two year one transaction. Why are you so sure that the blocksize issue won`t be solved? I don`t understand the thread question about using bitcoins in "construction building". Is it about buying real estate property with bitcoins or something else? Title: Re: Blockchain / Smart Contract / Bitcoin etc. in Construction Building? Post by: BlackJacky on March 03, 2017, 12:06:52 PM Nice Idea :D That would be build on the Ethereum Blockchain to create smart contracts Bitcoin is the way to go here, it don't need a smart contract to do that. Im also a big Bitcoin fan but Im not sure if this will be possible in the future. For me it looks more and more that Bitcoin is "just" a store of value which would be already a breakthrough. The block size issue will be not solved and the block will stay at 1mb which means that the fees will increase a lot. I think only big companies and high net worth individuals will be able to do a transaction. The average consumer will do once a year or once in two year one transaction. Why are you so sure that the blocksize issue won`t be solved? I don`t understand the thread question about using bitcoins in "construction building". Is it about buying real estate property with bitcoins or something else? Because a consensus can't be reached already for years. It will be even more difficult in the coming years because more and more people are joining the network and everyone has a own opinion. I have the feeling that the 1MB will stay forever. However, I don't see this as a problem for Bitcoin to succeed. If Bitcoin goes to a MarketCap of 1 Trillion you will have big players on. They don't care about a fee of 50-100 USD because it still cheaper to move 10 Billion worth of Bitcoins as to move 10 Billion worth of Gold. Germany is moving Gold currently to the US. That is unbelievable expensive - just the security. Most important is that people feel safe with bitcoin as a store of value. I feel safe :) It is more about how you could integrate Blockchain technology it doesn't matter what. Bitcoin, Ethereum (Smart Contract) whatever... |