Expert: Blockchain technology is expected to activate the new potential of the building decoration industry

According to, Qi Hongqing, vice president of Shenzhen Yuanhong Architectural Decoration Creative and Industrial Technology Research Institute and chairman of Beijing Jindou Yunhui Technology Co., Ltd., said that blockchain technology is expected to further unlock the potential of the building decoration industry. Blockchain technology's decentralization, distribution, impartiality and transparency, anti-counterfeiting and tampering, transaction traceability, security, automatic contract execution, low cost and high efficiency will help construction companies . Qi Hongqing also said that blockchain can also be combined with BIM. BIM is a computer model that contains a lot of information about assets, such as 3D geometry, construction management information, or operation and maintenance indicators. BIM and blockchain technology can be combined as a single source of truth.