Dubai: Revolutionary construction software solution company, Bloqwork has showcased its futuristic and sustainable product at the Future Blockchain Summit 2021. Stand Z4-20, Zabeel Hall 4 at the Dubai World Trade Centre was Bloqwork’s home over the four-day period where the Summit took place.
Bloqwork’s secure, transparent and trusted digital solution is built on blockchain - touted as a gamechanger and future of global transaction, and all these can be accessed on a single platform. Challenges with payments, disputes, administration work, supply chain management, as well as tracking of health, safety and sustainability within the construction industry are all addressed seamlessly on the Bloqwork platform.
These were showcased at Bloqwork’s stand at the Future Blockchain Summit where the team engaged, networked and showcased its disruptive technology to key stakeholders within the construction and tech spaces.
In an effort to boost its digital economy, more than 1000 cryptocurrency businesses are expected to be operational in Dubai by 2022; while free zones in Dubai and Abu Dhabi have implemented advanced frameworks to encourage entrepreneurs in the crypto space to set up exchanges while laying out rules to protect consumers. Available information also shows that organisations are expected to spend over $6.6bn on blockchain solutions this year, more than a 50 per cent increase over 2020.
The construction industry in the UAE has picked up following a slow 2020 largely due to the impact of the COVID-19 pandemic. In order to improve and address day-to-day issues that come up with construction projects, Bloqwork was established to be operational on the blockchain platform.
Bloqwork’s Founder, Michael J. Lawrence was a speaker on the third day of the Future Blockchain Summit. He shared his knowledge and expertise on how Bloqwork will incorporate solutions that the adoption of blockchain technology brings to problems within construction management.
Speaking after his company’s successful participation in the Summit, Michael said: “the future of the construction industry is certainly digital, and Bloqwork’s role is to harness state-of-the-art digital technology to enhance the performance of the construction industry. The Future Blockchain summit presented our team a fantastic opportunity to showcase our blockchain and web-based construction software solution to all those that matter globally within the space.”
The Future Blockchain Summit was launched by the Dubai government in 2018; being the first and largest blockchain exhibition and conference in the MENA region, bringing together the community’s brightest minds, game-changing startups and influential investors for four days of networking.
The Bloqwork platform provides security, accessibility, automation and provenance to its users. Find out how the construction software solution can help you add value to your business by contacting info@bloqwork.com, or visiting Bloqwork’s website on www.bloqwork.com.
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About Bloqwork
Bloqwork is a revolutionary web-based construction software solution built on blockchain technology to deliver a secure, transparent and trusted construction management solution. Strategically located in Dubai and founded by Michael J. Lawrence, a well-respected industry leader with over 30 years of experience working within the construction industry at all levels; Bloqwork is unique and can easily be described as an innovation-led technology solutions provider. This is because unlike other platforms adopted within the construction industry which are mostly cloud-based, Bloqwork operates on blockchain in order to leverage additional benefits that come with the technology necessary to run the day-to-day processes within the sector efficiently.
The dedicated team at Bloqwork has set its sights on making the platform a software solution of choice for the management of all construction projects by providing a trustworthy, cost effective, secure and transparent alternative aided by edge cutting technology.
To know how Bloqwork can revolutionize your business, kindly visit: www.bloqwork.com.
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