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Colombian Innovation Brings Blockchain to U.S. Construction
The platform aims to cut payment friction and fraud while giving contractors and suppliers a verifiable record of each transaction.
- Carlos Oñate’s startup, Ovate, launched a blockchain-based pilot program on Saturday to digitally certify recycled construction materials. The system was developed by his firm, Agregados Arenas y Gravas S.A.S., for the U.S. market.
- Facing mounting regulatory pressure, construction firms currently struggle to verify recycled material compliance. Oñate’s model addresses these procurement standards and data gaps within the industry.
- The technology assigns a unique digital identity to each batch of recycled material. This allows contractors to digitally verify performance standards and environmental metrics for projects in real-time.
- Industry observers note that widespread adoption could reshape supply chain management. The U.S. construction sector seeks scalable solutions for waste management and sustainability reporting.
- While adoption remains in early stages, the pilot reflects broader trends toward digital integration. This mirrors blockchain implementations used in other sectors to enhance transparency and accountability.
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Colombian Innovation Brings Blockchain to U.S. Construction
By: Erica Giraldo
Coverage Details
Total News Sources70
Leaning Left7Leaning Right5Center29Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 17%
C 71%
12%
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