Global Overview of Blockchain Technology in Construction and Mining Equipment – Forecast to 2023 –

Overview of Blockchain Technology in Construction and Mining Equipment,
Forecast to 2023”
report has been added to’s

Increasing use of blockchain technology will go together with growing
advances in the construction and mining industry, especially through
digitisation and automation. Key trends such as digital transformation,
the rise in automation, modern equipment systems, and proliferation of
financial technology (fintech) are influencing equipment models and are
expected to drive adoption of blockchain technology.

Some key advantages of using blockchain in the commercial vehicle
industry are added transparency on ownership, price, and processes. This
would also accelerate payment, enhance security, and eliminate fraud
along with eliminating middlemen, reducing paperwork, and streamlining
the supply chain. This report gives a complete overview of the
blockchain applications in the construction and mining industry.

Blockchain’s penetration in the construction and mining industry is
expected to gradually increase in the coming years, especially after
2020. It is, however, largely dependent on the level of automation and
proliferation of technology in the industry mandating support for these
advances. Blockchain will radically simplify and accelerate the business
operations of all key stakeholders involved in the construction and
mining industry.

Blockchain has been implemented in some pilot projects in the
construction and mining industry, leading Hyundai to develop a new
supply-chain finance ecosystem incorporating dealers, distributors and
manufacturers. The equipment purchasing process for fleets using
blockchain brings all the relevant stakeholders on a common platform,
enabling them to share and view information in real time. Investing in
blockchain is expected to smoothen fleet operations by improving overall
operational efficiency and reducing costs.

The penetration of blockchain platforms in the industry is currently
limited. Suppliers will benefit from being on the same blockchain
platform as original equipment manufacturers (OEMs) and final customers.
This is expected to reduce the cost and time for spare parts and
warranty issues as well as hasten recalls.

This research report also covers off-highway vehicles.

Key Issues Addressed

  • What are the various industries disrupted by blockchain technology?
  • How does the blockchain technology revolutionise the construction and
    mining equipment industry?
  • What are the key applications of blockchain in the construction and
    mining industry?
  • Who are all the key participants involved and what is the future
    outlook for blockchain technology in the construction and mining
    equipment industry?

Key Topics Covered:

1. Introduction to Blockchain

  • What is Blockchain Technology?
  • Cryptocurrencies
  • Blockchain – Influencing and Challenging Factors
  • Transactions on the Blockchain
  • Industries at a Glance
  • Key Market Participants at a Glance

2. Definitions and Segmentation

  • Definitions
  • Blockchain – Definition and Properties
  • Common Blockchain Terminologies
  • Types of Digital Currencies
  • Why is Blockchain Important for the Construction Industry?
  • Public and Private Blockchain Types

3. Research Scope, Objectives, Background, and Methodology

  • Research Scope
  • Research Aim and Objectives
  • Key Questions this Study will Answer
  • Research Methodology

4. Blockchain Technology for Procurement and Supply Chain

  • Blockchain in Procurement and Supply Chain Management
  • Streamlined Procurement

5. Blockchain Technology for Payment and Project Management

  • Blockchain in Project Management
  • Blockchain Enabled Designing and Project Collaboration

6. Blockchain Technology for BIM and Smart Asset Management

  • Blockchain Technology for BIM
  • Blockchain-enabled Designing and Project Collaboration

7. Blockchain Technology for Equipment Rental

8. Blockchain Technology for Equipment Financing

  • Blockchain and IoT for Equipment Financing
  • Digitization of Real-World Assets Using Blockchain

9. Blockchain – Platforms and Service Providers Profiling

  • Bitcoin
  • Ethereum
  • Hyperledger (a Linux Foundation Collaborative Project)
  • RSK Labs
  • Consensus Systems (ConsenSys)
  • Project Provenance Ltd/Provenance
  • Productive Edge LLC
  • Reply
  • Technology Companies Blockchain Platform – Overview

10. Growth Opportunities and Call to Action

  • Growth Opportunities – Disruptive Applications and Future Success
  • Strategic Imperatives for Success and Growth

11. Conclusions and Future Outlook

  • Key Conclusions and Outlook
  • Legal Disclaimer

12. Appendix

For more information about this report visit

Laura Wood, Senior Press Manager
[email protected]
E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
For GMT Office Hours Call +353-1-416-8900
Topics: Mining
, Bitcoin

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