Builderium: Platform connecting construction workers and contractors' clients.

jamesndungu (61)in #builderium • 6 years ago (edited)

There is construction going on in every neighborhood, this is because the construction industry has been growing at 4.8% annually. Technology is now being adopted in the Contruction industry aimed at changing communication, advertisement, finance transactions and processes optimization. This tools that bring mechanical minds in the construction industry has allowed the industry to optimize its operations and grow its market size which is estimated to be worth $10.5 trillion by 2013, technology being adopted in the construction industry is aimed at optimizing processes and improving the quality of service delivery. One of the projects using modern technology to bring change in the construction industry is Builderium that aims at reducing the cost of services, source of advertisement, verifications of contractor's skills tools, and improvement in financial transactions.

The construction industry still uses traditional methods when it comes to employment of contractors which poses a great risk to the employer due to the quality of services delivered, the parties also rely on their part individuals to link them up increasing the cost of services, the industry also uses old methods of financial transactions through third part increasing the risk of processing.

Technology has given us mechanical minds that is helping drive the growth of the industry, regardless there has been issues affecting the construction industry for ages despite the technological that is resolving mot industries issues. In this article I will be going to address the issues facing the Contruction industry, Builderium a blockchain project that is planning on resolving this problem, Benefits of blockchain technology to industry participants and how you will be able to join the revolution towards change.

Builderium.

Builderium is a decentralized platform that aims at connecting contractors and construction workers in a transparent and secure platform that solves the problems in the industry, the problems include the inadequate infrastructure that improves the advertisement of services for construction workers, optimization of finding work near you based on your skills, skills verification and high costs associated with inflated fees charged by middlemen for connections purposes.

Why use Builderium?

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Construction industry Clients will be able to improve on the employment efficiency were the skills of their employee is verified and reviews are made by the community, this will allow the client access quality services thanks to the screening process that curates his construction worker based on skills and experience.

Clients will have a choice of selecting their construction workers by receiving bids on their posted projects where interested candidates willing to work will give clients their offers, this will offer the client a pool of skilled workers ready to help in the development of his project.

Builderium has its own tokenized economy that allows secure payment, cross border transactions, instant payment processing and a secure smart contract that get rids of third-party legal representatives who charge 4-20% of the transaction.

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Building contractors will have a platform to advertise their services, this will eliminate third party they need to get through to get jobs, the third party needs to be paid and subtract a large chunk of the revenue for his shoddy services. Builderium also promises instant payment through its tokenized economy, the platform also improves the quality of jobs construction workers get based on their skills and experiences through a reputation curated method of reputation ranking that is controlled by a decentralized community who leave reviews and feedback for the work done by the construction worker. The most important solution that builderium brings to the construction industry in enabling trust between the industry participant where the contractor's reviews and feedback represents the quality of his work.

Challenges in the Construction Industry and Builderium solution.

The construction industry faces challenges when it comes to advertisement, skilled construction workers lack a platform that allows them to showcase their skills in a trusted environment, Builderium is building a platform where advertisements are curated by the community based on skills and experiences.

Most contractions workers don’t have online presence to showcase their skills, they use traditional methods of referral to get jobs, builderium will increase their employment quality by creating an online portfolio that promotes their work.

The industry is also affected by trust issues when it comes to payment and the quality of work to be done, Builderium will instill confidence in the industry players through providing secure payment structures that eliminated third party processing of payments that has delays and are charged a hefty price to process and also allowing clients have confidence in the construction workers based on their experiences and feedback from the community.

The platform will also solve the challenge of payment negotiation, through providing a bidding process that allows constructions workers bid with an amount they are comfortable with and the client will choose construction workers based on the quality of their reputation and his skills and experiences.

Due to the commercialization aspect of third-party middlemen who are used in the construction recruitment process they might include unskilled construction workers to fill places where they lack skilled individuals, the platform will eliminate the issues with reputations through decentralizing the reviews to the community

ICO TOKEN MODEL.

Builderium is currently running an initial coin offering with an aim of raising funds towards the development of the platform and marketing efforts, 20% of the avaialbel pool will be sold during the pre-ICO period and 60% will be available for the public, 20% will be reserved for the founders, advisors and developers. Builderium will tokenize its economy and mint BUILD Tokens that will fuel the ecosystem and used to process transactions and smart contracts on the platform, users will be able to liquidate BUILD tokens in an exchange of their choice.

Conclusions.

Technology is gaining traction on the construction industry and blockchain technology will be one of the projects that will help the construction industry by allowing effecting and efficient relationship between construction workers and their clients, the main target industry players are the key towards improvement of the construction workers and Builderium is building a platform that empowers them by providing a platform that ensures their processes are effective and improve the quality of their development. I have included important links in the reference section including the platform website, whitepaper and social links.

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