Addressing financial fragility in the construction industry through the blockchain and smart construction contracts
Wang, Brydon (2018) Addressing financial fragility in the construction industry through the blockchain and smart construction contracts. Australian Construction Law Newsletter, 30(1 - 2), pp. 116-123, 2018. [Article]
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Description
This article sets out comments and suggestions as to the application of smart contracts in the Australian construction industry. It looks generally at what is a “smart contract” and explores various potential applications of the technology to address financial fragility in the construction industry. The article then identifies the potential use of smart contracts as a form of performance security, and to enhance the security of payment framework in Australia as an alternative to project bank accounts (PBAs).
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| ID Code: | 131442 |
|---|---|
| Item Type: | Contribution to Newspaper, Magazine or Website (Article) |
| Refereed: | No |
| Additional Information: | Newsletter - not refereed CopyrightOwner{Brydon Wang}CopyrightOwner |
| Measurements or Duration: | 8 pages |
| Keywords: | BCIPA, blockchain, construction law, project bank account, security of payment, smart contract |
| Pure ID: | 34570750 |
| Divisions: | Past > QUT Faculties & Divisions > Faculty of Law Current > Schools > School of Law ?? dmrc ?? |
| Copyright Owner: | Consult author(s) regarding copyright matters |
| Copyright Statement: | This work is covered by copyright. Unless the document is being made available under a Creative Commons Licence, you must assume that re-use is limited to personal use and that permission from the copyright owner must be obtained for all other uses. If the document is available under a Creative Commons License (or other specified license) then refer to the Licence for details of permitted re-use. It is a condition of access that users recognise and abide by the legal requirements associated with these rights. If you believe that this work infringes copyright please provide details by email to qut.copyright@qut.edu.au |
| Deposited On: | 17 Jul 2019 09:51 |
| Last Modified: | 25 Oct 2025 02:09 |
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