Edinburgh Napier University is teaming up with newly-formed Hypervine Ltd following a series of industry scandals which have highlighted the need for strong audit trails for undertaken work.
A blockchain is a growing list of records or blocks, secured using cryptography and resistant to modification; technology which can reduce the risk of problems like documents being lost or actions not followed up.
The application of blockchain into the construction industry – where strong levels of trust in the process are required – is a natural one...Liam Bell, Lead Blockchain Researcher, Blockpass Identity Lab
The new Blockpass Identity Lab at the university’s Merchiston campus uses cutting-edge blockchain research to drive innovation. Technology company Hypervine, based in Glasgow, focuses on digitising construction to improve the reporting and recording of data, enabling companies to adapt to fast-changing economic, environmental and governmental policies.
The university’s collaboration with the company will investigate ways in which blockchain can incorporate security into complicated construction processes, create trust, build compliance and boost productivity.
Paul Duddy, CEO and founder of Hypervine, said: "Digitising infrastructure, construction and facility maintenance industries through blockchain technologies will yield significant improvements across the sector that will have wide ranging positive economic and social economic impacts for both private and public sectors."
Ruth Oliver, business engagement executive at Interface, said: "Edinburgh Napier’s School of Computing was a natural choice for Hypervine Ltd; Professor Bill Buchanan is one of the world’s leading lights in blockchain technology and, together with researcher Liam Bell, offers a wealth of experience in supporting businesses and organisations in the practical application of this technology...