Quick facts about construction work worldwide:
- Construction represents 14.7% of the global GDP
- $57 trillion is needed in infrastructure works to keep up with the worldwide GDP growth by 2030
- More than 50% of construction professionals report one or more underperforming projects
- 98% of the megaprojects are delayed or over the initial budget
- 80% of the construction companies can't find the workers they need
(source https://blog.plangrid.com/2017/11/top-51-construction-industry-statistics-to-improve-productivity/)
Considering these facts, it’s safe to say that building and construction work is a lucrative industry but not without its shortcomings. As more work gets automated, it becomes increasingly harder to find skilled human workers that cannot be replaced by any machinery. To put things in perspective, there are a couple of issues that currently plague the industry, and these are the following:
- Increased competition makes it harder for new contractors to find jobs
- Skilled professionals are having a hard time finding work in their specific area
- Clients are having a hard time deciding between contractors as price and reputation play an important role
With the help of blockchain, however, these shortcomings can be forgotten entirely and even improved on the existing processes.
Builderium: Placing the foundation for the buildings of tomorrow!
By creating a decentralised and reliable ecosystem for skilled professionals and quality construction contractors, Builderium aims to become the hub for all your construction needs. So how does the platform work? By simply connecting contractors from around the world directly to clients that are, but not limited to, their area.
Once registered on the platform, it's straightforward to submit a job, you have to fill out all the details of what’s needed to be done, and the relevant professionals will be informed automatically on the new job that just got posted. The next phase of the process consists of the reverse auction in which the contractors partake, to decide on the final price of the project. Simply put, your job will be done for the lowest fee possible and at the highest quality assured by the Builderium platform. Here are just a few of the services offered, but not limited to:
- Home Remodeling
- Room Addition
- Roofing Services
- Wall Insulation
- Landscaping and Hardscaping
The main benefits for clients would have to be the sourcing of quality building service on a tight budget and the inherent security that comes with the blockchain technology. Every transaction is stored on the decentralised ledger minimising any risk of fraud or criminal activities. At the same time, contractors benefit significantly as they don’t have to spend vast sums of money on advertising as Builderium is a self-marketing ecosystem that promotes the best.
With the help of the proprietary reputation ranking, newer businesses can get new customers easily as great work is going to be rewarded with excellent reviews. To find out more about how you can participate in this project early on, go to https://builderium.io/buy_tokens.html, ANN and Whitepaper
ETH address: 0x876e3a15a4711e22109f8701318b141e6e450158