The platform will track the material resources, subcontractors and construction process used to build Aussie homes.
Big Four accounting firm KPMG has partnered with Australian property developers Mirvac to develop a blockchain-based platform to track the provenance of buildings. The platform was commissioned by the New South Wales state government.Taking inspiration from supply chain initiatives to track beef products using blockchain, the platform will allow property insurers, investors, and owners to access verified data on the resources, subcontractors and building processes employed during a property’s construction.A working model is slated to go live within six months and will be piloted on existing buildings that are undergoing rectification amid the recent flammable cladding crisis, in addition to an upcoming development from Mirvac.The integrity and trustworthiness of Australian property construction has emerged a
Wall Street Goes On-Chain: SEC Approves Nasdaq Tokenized Securities Plan
In a milestone for American financial markets, the U.S. Securities and Exchange Commission has approved Nasdaq’s proposal to…
