Housing associations across the UK are working to increase the simplicity and safety of housing construction – with the help of a data sharing platform.
The Coadjute platform uses distributed ledger technology designed to unify organisations involved in the development of housing projects from inception through to construction and occupation.
A Quality Chain captures and tracks a single version of key decisions, documentation, and information, with an aim to create the ‘golden thread’ of accountability and transparency identified by the Hackitt Report.
Housing associations, including L&Q, Notting Hill Genesis, Bromford, and Origin have all trialed this technology – using it to highlight gaps in their own information regarding the construction of stock.
The Quality Chain, a decentralised system based on blockchain, sets to remove this aspect of inefficiency by enabling each party to share a single source of the truth as a ‘foundation for trust’, while also retaining their own technology and data – a key regulatory requirement.
It also works to provide a history of decisions made throughout a project and the provenance of all documents and specifications iterated and agreed in the process.
John Reynolds, CEO and founder of Coadjute, said: “The UK needs to double the number of new homes built each year.
“The reality is that this cannot be achieved without a thorough overhaul of the technology underpinning construction.
“We believe blockchain provides the opportunity to unify, simplify, and validate every stage in an otherwise complex process and create a trusted, immutable record, which all parties contribute to and agree.”
Matthew Gardiner, head of ideation at L&Q, said: “Quality Chain provides a method for all organisations involved in development to come to an agreement on any obligation, statement of work, deliverable or document providing a ‘single source of the truth’ as a basis for improving workflow management and efficiency.
“Its potential to improve quality and cut costs is significant.”
The aim is to create a market ready product by March 2020.