The Transforming Construction Challenge was fundamental to this project. This is a challenge that the government has put real money behind, with £170 million of government investment being matched by £250 million from industry.
The scope of our grant sought to enhance the way that contracts deal with weather risk in the industry. Multiple outcomes were hoped for here.
1. To create a commercially viable business (EHAB)
2. To prove that smart contracts could be used in the construction industry
3. The lay the groundwork for further innovations for using smart contracts