Case Study: Construction
Trust Built into the Project Blueprint
Integrated app reduced overhead, boosted compliance, and improved project timelines.
About the Client
A U.S.-based firm revolutionizing capital project delivery through blockchain-enabled smart contracts. By streamlining payments, reducing transactional waste, and enhancing stakeholder collaboration, the company helps construction and infrastructure projects achieve greater transparency, efficiency, and financial control—all while integrating seamlessly with existing enterprise systems.
The Challenges
- Delayed invoice processing increased overall project costs
- Contractors faced higher overheads due to payment delays
- Absence of a proper audit trail led to confusion
- Work validation was difficult and inefficient
The Solutions
- Developed a Smart Contract App to automate and streamline construction processes from start to finish
- Built on Microsoft Power Platform and Blockchain for seamless integration and immutable, transparent records
- Integrated with Microsoft Dynamics 365 Finance & Operations, Commerce, and Power Pages/forms for:
- Financial transaction management
- Operational logistics
- User-friendly interfaces
Key Features
- Smart contract configuration and project creation
- On-site inspections with checklists and e-signature
- Blockchain-powered immutable record-keeping
- Inventory and product management
- Cost management with dashboards and reports
- Role-based access control for security and compliance
The Benefits
- Accelerated Construction: Reduced payment processing time from 45 to 7 days, enhancing project efficiency.
- Improved Visibility: Enhanced project tracking and schedule adherence without compromising on-site inspections.
- Immutable Audit Trail: Blockchain integration ensures a secure, transparent record of project phases, milestones, and payments.
What the Client Said
“Korcomptenz’s Smart Contract App, is an innovative fusion of Microsoft Power Platform and Blockchain technology, revolutionized our construction operations. Through seamless integration with Dynamics 365, the app has significantly streamlined our payment processing, reducing it from a cumbersome 45 days (about 1 and a half months) to a mere 7 days. This acceleration has not only expedited our project timelines but also brought about a new level of transparency and efficiency. Throughout this transformative journey, Korcomptenz has been an indispensable partner, providing invaluable support and expertise at every turn.”