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Showing posts from June, 2016

What is a DAO and why does it matter to AEC?

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Introduction Blockchain technology has revolutionized many industries worldwide, and the Architecture, Engineering, and Construction (AEC) industry is no exception. A significant innovation in this context is the DAO, which is a "Decentralized Autonomous Organization". A DAO is a blockchain-based organizational structure that operates decentralised, enabling transparent and collaborative decision-making and facilitating participatory governance. In this article, we'll explore what exactly a DAO is and why it's relevant and important to the AEC industry. What is a DAO? A DAO is an autonomous, organization-like entity that operates through smart contracts on a blockchain network. Unlike a traditional company, there is no hierarchical structure of power, nor the need for intermediaries such as managers or executives. Instead, decision-making is carried out collectively and transparently, through voting based on ownership of tokens or units of the DAO's native c
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10 Little Known Facts About Autodesk and AutoCAD

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10 Little Known Facts About Autodesk and AutoCAD AutoCAD 2.5, released in June 1986, was the first version in the US and Canada to require a hardware lock. Responding to user complaints, Autodesk sent all customers AutoCAD 2.52, which removed the lock. The program that became AutoCAD was created by Mike Riddle, and was originally called " Interact". Its name was changed to " microCAD," but when another company had already created a program with that same name, it was renamed " AutoCAD". The company we now know as Autodesk was founded by 17 friends and acquaintances in John Walker's home in Mill Valley, CA, who pooled $59,000 to fund the startup. Today, Autodesk has a market capitalization of nearly $13 billion. The company Autodesk was originally named Marin Software Partners, a partnership among the 17 founders. Did you know that many AutoCAD releases had code-names? Although AutoCAD Release 9 was often referred to as " The White Album&qu
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