Objectives

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The deliverable involve creating a prototype ethereum-based token for which smart-contracts can be created to automate operations. An example would be dividing ownership of a bridge using these asset-tokens and tying its value to the toll collected from commuters. 

Motivations

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Critics have noted that current funding mechanisms (public-private partnerships PPP) for infrastructure projects suffers from the following disadvantages: (1) Project procurement is much more complicated due to the need for banding together companies and organizations that have not worked as a team previously. (2) Potential for significant cost and time overruns. (3) Long-term nature of PPP agreements can fail to account for uncertain events and thus increases the budget allotment for contingency planning. These disadvantages specifically relate to the financial methods for funding and recovering cost from transportation infrastructure projects – causing huge delays and cost overruns during project execution. Therefore, this project seeks to explore the use of block-chain based smart contracts as an alternative means of procuring and managing funding and ownership of infrastructure assets. It is expected that such methods will improve the transparency of transactions, along with efficiency of operations by leveraging advancements in blockchain technologies.

Qualifications

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Minimum Qualifications:

Programming

Interest in blockchain and smart-contracts

Preferred Qualifications:

Knowledge of Ethereum 

Solidity programming language

Details

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Project Partner:

Joseph Louis

NDA/IPA:

No Agreement Required

Number Groups:

1

Project Status:

Accepting Applicants