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2.4 Implementation

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In the process of completing any construction-related contract, the number of actors and procedures involved is too high, making the system branched and complex. For the sake of simplicity, this solution assumes three main actors: the client, the main contractor and the subcontractor and the procedures involving the creation of tasks by the main contractor and the transfer of money from the client to the main contractor and the subcontractor. The main motive of this solution is to keep the client in loop with all the transactions that occur during the completion of the construction, such that the client is in light regarding the expenditure of every penny spent. To achieve this, the solution utilizes a platform provided by R3, namely Corda [59], where all information is only shared with the remaining nodes on a need-to-know basis.

The New Advanced Society

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