The potential (and potential pitfalls) of new tech in construction

Technology is rapidly changing many traditional industries, and the construction sector won’t be immune to it.

Blockchain, a digital and distributed record of data, could significantly impact the industry with smart contracts that allow for easy verification and administration of documents, by improving building information modeling, and in ways we can’t yet imagine.

Parties dealing with data in any appreciable way should consult not only with an attorney to review and draft contract language, protecting the party from liability for cyber risk, but they also should look into getting appropriate cybersecurity insurance to cover any potential losses.

Learn more here.

– Brandon Rothey, Meyer, Unkovic & Scott, bbr@muslaw.com