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If banking can use digital contracts...
why not construction?
Sarah Fox, 500 Words Ltd
#TrustworthyLydianCoins
Challenge 1: Technology
#TrackLegalCompletion
Challenge 2:
Language
(words words
words)
0 10000 20000 30000
JCT DB 2016
CIOB Complex 2013
ACA PPC 2000
NEC4 Core
Schedules etc
Core Conditions
SOURCE: Research by 500 Words Ltd
#TinyLittleContracts
0% 10% 20% 30% 40% 50%
Simpler language
Simpler contracts
Simpler to adapt
% respondents
Survey Š 500 Words Ltd, 2015
Challenge 3: Conduct
#TransparentLiveCollaborative
0% 10% 20% 30% 40% 50%
Fairer risk allocation
Earlier contractor involvement
Collaborative approach
% respondents
Survey Š 500 Words Ltd, 2015
#GetYourTLC
Technology
Language
Conduct
#TinyLittleContracts
Transparent
Live
Collaborative

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If banking can use digital contracts... why not construction? #COMIT2018

Hinweis der Redaktion

  1. These are some of the world's first coins, produced in Lydia, western Turkey, over 2500 years ago. The lion on this coin is seen as a symbol of royalty. The two deep impressions were created by a hammer, used to punch the image of the lion and bull into the blank coin. Lydia was renowned for its wealth and its last king, Croesus, was immortalized in the saying 'as rich as Croesus.' Why did people invent money? Cities and empires managed without coins for over 2000 years. Electrum (gold and silver mixture) was used for the first coins, but coinage gained popularity when gold and silver coins were introduced. Coinage probably developed in Lydia because it was a trading centre and possessed large gold supplies. Before coins, payments were made with metal bullion or by barter. To establish its value metal was checked for purity and weighed. The Lydians minted coins of consistent weight and purity to speed up transactions.
  2. (cc) Source https://pixabay.com/en/bitcoin-digital-electronics-3d-1368256/
  3. Challenge 1: the technology (cc) Source Unsplash
  4. Challenge 2: the mindset
  5. Transparent ie simple contracts & processes that you can read, understand & use Live ie driving contracts from your processes (not vice versa) and include wide options to change scope Collaborative ie risks and aims are shared