It uses comparative empirical experiments (Charrette Test Method) to draw comparisons between the visibility of state-of-practice and blockchain-enabled payment systems in a commercial construction project. Comparisons were drawn across four levels of granularity. The findings are twofold: 1) blockchain improved information completeness and information accuracy respectively by an average 216% and 261% compared with the digital state-of-practice solution. The improvements were significantly more pronounced for inquiries that had higher product, trade, and temporal granularity; 2) blockchain-enabled solution was robust in the face of increased granularity, while the conventional solution experienced 50% and 66.7% decline respectively in completeness and accuracy of information. The paper concludes with a discussion of mechanisms contributing to visibility and technology adoption based on business objectives.

The big question the blockchain community is only just starting to answer is what will the governance issues look like in the new era? And when most things get to be a smart contract, will they be smart enough? To get an understanding of the future and the big picture, it's helpful to go back to the past when things were barely automated at all. Let's take a look at a worker back in the 70s. In those days, of punch card and cash, you could earn money by working on a car production line, for example.