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COGNIZANT REPORTSDIGITAL SYSTEMS & TECHNOLOGYFinancial Services: Building Blockchain One Block at a Time Despite a fragmented and still maturing ecosystem, the time has come for firms to move aggressively

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What is building blockchain?

Building blockchain refers to the process of creating a decentralized, secure, and transparent ledger for recording transactions and storing data related to building and construction projects.

Who is required to file building blockchain?

All parties involved in a building or construction project, including contractors, subcontractors, architects, engineers, and developers, may be required to file building blockchain.

How to fill out building blockchain?

Building blockchain can be filled out using specialized software or platforms that allow users to input and store information about the project, including contracts, budgets, timelines, and communication logs.

What is the purpose of building blockchain?

The purpose of building blockchain is to improve transparency, efficiency, and accountability in the construction industry by securely recording and sharing project data among stakeholders.

What information must be reported on building blockchain?

Information that may need to be reported on building blockchain includes project timelines, budgets, contracts, change orders, inspections, permits, and communication logs.

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