Smart contract is a digital management mechanism in construction

The introduction of decentralized systems in various sectors of the economy has been gaining momentum since 2015. The construction sector is no exception. Project and supply chain management are often associated with issues of transparency and fair execution of work. Blockchain in construction helps to make the process more efficient. The data in the decentralized network is unchanged, which allows all participants in the investment and construction project to track each stage of implementation. This article discusses the mechanism of operation of a smart contract in a construction company, using the example of the implementation of an investment and construction project of an apartment building. Multi-apartment residential buildings occupy a large share in the international practice of global housing construction