Arcartera introduces NFT-Minting Dapp for Building Information Modeling (BIM) files
Arcartera Limited, a pioneering technology company in the architecture, engineering and construction (AEC) industry, is making history by minting the world’s first NFT for architectural contracts using its innovative decentralized app (Dapp). This ground-breaking solution leverages blockchain technology to bring transparency, efficiency and security to the construction industry.
With the introduction of their NFT solution, Arcartera Limited is revolutionizing how architectural contracts are managed and verified. By minting Non-Fungible Tokens (NFT) for contracts that define the construction of skyscrapers and the like through BIM, they provide a verifiable and immutable record of critical project information. It makes it possible for architects, contractors and stakeholders to have a transparent and manipulation-proof digital contract that ensures trust and reduces the risk of disputes. Arcartera solves a real problem in the construction industry: the sector is known to suffer from mistrust and delays, which cause a whopping US$7-17 billion in extra costs on real estate development projects in a city like Hong Kong annually.
Through their decentralized app (Dapp), Arcartera Limited simplifies the process of minting NFTs for architectural contracts. Dapp seamlessly integrates with existing workflows and allows architects to securely upload their contract documents, which are converted into unique NFTs stored on the blockchain. This innovation ensures all authenticity, integrity and time-stamping of each contract, providing a reliable source of truth for all parties involved. The world’s first NFT solution for Architect Contracts by Arcartera Limited represents a significant milestone in the AEC industry. By embracing blockchain technology, they address the challenges of traditional contract management, such as cumbersome paperwork, data silos and lack of transparency. This transformative solution streamlines the contracting process, improves collaboration and establishes a secure digital infrastructure for the entire construction lifecycle. Arcartera Limited’s pioneering efforts in blockchain technology have received attention from industry leaders and the media. The recent coverage in Bloomberg highlights their pioneering approach and the potential impact on the construction industry. In addition, their expertise at the intersection of the construction industry and blockchain has led to their invitation as featured speakers at the prestigious WOW! Summit in Hong Kong.
“We are thrilled to introduce the world’s first NFT solution for architectural contracts,” said Gregor Hans Schoener, co-founder of Arcartera Limited. “Our decentralized app empowers architects to embrace the digital revolution and revolutionize the way contracts are managed and verified. We believe this technology will unlock new opportunities for collaboration, efficiency and trust in the construction industry.”
Arcartera Limited’s commitment to driving innovation extends beyond NFTs for Architect Contracts. They continue to leverage blockchain technology to address other critical aspects of the AEC industry, including contractor payments, supply chain management, sustainability and overall process efficiency. By focusing on the practical needs of the market, Arcartera Limited aims to deliver concrete improvements that drive the industry forward. About Arcartera Limited:
Arcartera Limited is a pioneering technology company dedicated to transforming the architecture, engineering and construction (AEC) industry through blockchain technology. With a focus on innovative solutions, including the world’s first NFT for architectural contracts, Arcartera Limited empowers stakeholders to streamline processes, improve collaboration and establish trust in the construction industry.
For media inquiries and further information, please contact:
Thorsten Grebers
PR
Arcartera Limited
+852-62110550
www.Arcartera.com
Media contact
Company name: Arcartera
Contact person: Gregor Hans Schoener
Email: Send email
State: Hong Kong
Country: China
Website: www.arcartera.com
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